US Senator Dean Heller issued the following statement after becoming a cosponsor of S. 3159, the Energy Storage Tax Incentive and Deployment Act. The legislation, introduced by Senator Martin Heinrich (D-N.M.), a member of the Senate Committee on Energy and Natural Resources, establishes investment tax credits (ITC) for business and home use of energy storage. The bipartisan bill was also cosponsored by Senators Brian Schatz (D-Hawaii), Al Franken (D-Minn.), Jeff Merkley (D-Ore.), Angus King (I-Maine), Jack Reed (D-R.I.), and Mazie K. Hirono (D-Hawaii). The proposed tax incentives are modeled on the current ITCs for solar energy and apply to either large, grid-connected energy storage systems or to smaller battery systems for residential power. Home battery storage, coupled with a small wind or roof-top solar system, could be used to store energy during the day for use later in the day or during overcast skies and to help consumers reduce their energy bills.
US Senators Propose Tax Credit for Energy Storage
on September 1, 2016
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