Skip to main content

Investment Tax Credit for Energy Storage

Share

Energy storage systems are being deployed with residential, commercial and utility applications, helping all generation sources connected to the grid become more efficient and cost-competitive. Encompassing a multitude of technologies, including chemical batteries, thermal, and pumped hydro, energy storage stores excess energy and converts it back to electricity when most needed. This inherent flexibility is critical to building a resilient, reliable and sustainable electrical grid.

In 2015, Congress extended the Investment Tax Credit to encourage the deployment of solar energy technology. Currently, storage systems integrated with solar have proven to be a viable alternative in markets where conventional energy sources dominate the grid. Despite the benefits, renewable energy plus storage projects face numerous regulatory and financing challenges.

This factsheet explains SEIA's position on supporting passage of the Energy Storage Tax Incentive and Deployment Act.

Resource Type

Related Resources

Wednesday, Jul 17, 2019

Solar Industry Letter to Congress: Extend the ITC

On July 17, 2019, SEIA delivered a letter to Congress signed by nearly 1,000 solar companies across the country, urging them to extend the solar Investment Tax Credit (ITC), one of the most successful clean energy policies in history.

Read More
Tuesday, Jun 18, 2019

Solar Market Insight Report 2019 Q2

This quarterly report shows the major market trends in the U.S. solar industry. Get the latest solar data through Q1 2019

Read More
Tuesday, Apr 16, 2019

Solar ITC 101

The solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the growth of solar energy in the United States. Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000% - creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy in the process.

Read More