Legislation Introduced to Make Storage Eligible for ITC

Monday, April 8, 2019 - 12:00pm

Rep. Mike Doyle, D-Pa., and two colleagues introduced legislation to expand the renewable energy investment tax credit (ITC) to included energy storage technology. The Energy Storage Tax Incentive and Deployment Act of 2019 would be effective for property placed in service after Dec. 31, 2018, and would subject storage technology to the phasedown of the ITC. This is the third straight session of Congress in which the bill has been introduced.