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Rep. Mike Doyle, D-Pa., on Thursday introduced legislation long awaited by clean energy advocates: a tax credit for energy storage technologies.
H.R. 2096 aims to make energy storage technologies fully eligible for the investment tax credit (ITC) that is currently available to solar and some solar-plus-storage projects. The solar ITC is set to phase down from 30% in 2019 to 26% for projects that start in 2020, 22% in 2021 and 10% for all commercial and utility projects that start thereafter.
More than 100 House Democrats signed a letter to Ways and Means Committee Chair Richard Neal, D-Mass., on Thursday, asking for a long-term extension of clean energy tax credits, including storage, alternative-fuel vehicles and energy efficiency-based provisions. The request follows efforts by the Trump administration to “undermine” the Environmental Protection Agency’s Clean Power Plan, according to the letter.