SEIA urges Congress to include energy storage in the ITC
In a letter filed Nov. 26, the Solar Energy Industries Association (SEIA), alongside a broad coalition of energy trade and advocacy organizations, urges Congress to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC).
Following is a statement on the effort from SEIA president and CEO Abigail Ross Hopper:
“As our letter to Senate and House leadership details, energy storage systems are critically important to the modernization of America’s electric grid and represent a massive opportunity for clean energy, particularly solar power. In the energy world, you’d be hard-pressed to find an example of two technologies that complement each other as well as solar+storage.
“Yet without clear rules of the road, companies continue to face financial uncertainty in their investments. Inclusion in the ITC is a crucial step if we’re going to harness storage’s full potential. SEIA, alongside our partner organizations, is urging Congress to enact the Energy Storage Tax Incentive and Deployment Act, a common-sense bill that will encourage investment, jobs and accelerated deployment of solar plus storage projects.”
News item from SEIA