ESA and a broad range of stakeholders support an ITC that includes stand-alone energy storage technologies in the 30% tax credit. Bipartisan, bicameral Energy Storage Tax Incentive and Deployment Act (S. 1142 & H.R. 2096) would accomplish just that.
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ESA’s message to Congress is simple. Pass the storage ITC now.
- Congress needs to pass a national Investment Tax Credit now for energy storage. This is a common-sense policy that creates jobs, grows the economy and improves America’s energy reliability and resilience.
- The energy storage industry is fast becoming America’s next economic and jobs engine. We need Congress to pass a national storage Investment Tax Credit now that continues this growth to modernize our infrastructure, grow our economy and create new jobs in communities across the U.S.
- States and cities are setting renewable energy targets and storage must be part of these plans. The Investment Tax Credit is one of the most successful clean energy policies in history. Passing an ITC now for energy storage will ensure climate actions succeed across the US.
- Congress needs to unlock the Investment Tax Credit now to level the playing field for energy storage technologies. We don’t want to pick winners and losers in this clean energy transition.
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