SEIA Statement on Legislation to Extend ITC Eligibility to Energy Storage
Thursday, Apr 04 2019
WASHINGTON, D.C. - Legislation was filed today by Rep. Mike Doyle (D-PA) to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC). Other original cosponsors of the bill include Rep. Linda Sanchez (D-CA) and Rep. Earl Blumenauer (D-OR), who both serve on the House Ways and Means Committee.
Following is a statement on the bill from SEIA president and CEO Abigail Ross Hopper:
“We congratulate Rep. Doyle for introducing this critical legislation. It’s clear that combining clean, reliable solar energy with effective storage is the next frontier in securing a resilient and reliable electrical grid. Encompassing multiple technologies, energy storage systems save excess energy and convert it back to electricity when most needed. A storage ITC benefits not only solar, but also energy from a wide range of sources, helping to meet the nation’s current and new electricity demands.
“As we work with Congress on a range of tax policies to meet Americans’ growing demand for development and deployment of clean energy resources like solar, making energy storage ITC-eligible is an important component of those solutions.”
Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 242,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
Morgan Lyons, SEIA's Senior Communications Manager, [email protected] (202) 556-2872