Dear Leader McConnell, Leader Schumer, Chair Grassley, and Ranking Member Wyden,
As you and your colleagues consider energy tax extenders legislation, we urge you to include the bipartisan Energy Storage Tax Incentive and Deployment Act (S. 1142), which would ensure a level playing field for energy storage as a standalone asset to compete with all other energy resources made eligible for Section 48 & 25D investment tax credits (“ITC”).
S. 1142 would resolve the uncertainty facing companies who seek to utilize the ITC for energy storage, spurring greater investment and creating jobs while extending the benefits of energy storage deployment among a wider diversity of technologies and industries. Those deployments in turn will accelerate the transition to clean energy and position the U.S. as a global leader in energy storage technology.
We encourage you to support U.S. companies’ investment and jobs in making America’s power system more resilient, efficient, sustainable and affordable with energy storage. As you and your colleagues consider energy tax extenders legislation, inclusion of ITC eligibility for energy storage is among the nearest-term opportunities to advance clean energy in this Congress.
Advanced Energy Economy (AEE)
American Council on Renewable Energy (ACORE)
American Wind Energy Association (AWEA)
Citizens for Responsible Energy Solutions (CRES)
Energy Storage Association (ESA)
National Electrical Manufacturers Association (NEMA)
National Hydropower Association (NHA)
Solar Energy Industries Association (SEIA)
Sheet Metal and AC Contractors National Association (SMACNA)
California Energy Storage Alliance (CESA)
New York Battery and Energy Storage Technology Consortium (NY-BEST)