H.R.2096

Sponsor:

  • Rep. Mike Doyle (D-PA)

Cosponsor:

  • Rep. Earl Blumenauer (D-OR)
  • Rep. Linda T. Sanchez (D-CA)
  • Rep. Peter Welch (D-VT)
  • Rep. Scott H. Peters (D-CA)
  • Rep. Cheri Bustos (D-IL)
  • Rep. Mike Levin (D-CA)
  • Rep. Donald S. Beyer Jr. (D-VA)
  • Rep. Abigail Davis Spanberger (D-VA)
  • Rep. Chris Pappas (D-NH)
  • Rep. Paul Tonko (D-NY)
  • Rep. Chellie Pingree (D-ME)
  • Rep. Bill Foster (D-IL)
  • Rep. Vern Buchanan (R-FL)
  • Rep. Raul Ruiz (D-CA)
  • Rep. Jimmy Panetta (D-CA)

Introduced:

  • 4/4/19

S. 1142

Sponsor:

  • Sen. Martin Heinrich (D-NM)

Cosponsors:

  • Sen. Cory Gardner (R-CO)
  • Sen. Brian Schatz (D-Hawaii)
  • Sen. Michael Bennet (D-CO)
  • Sen. Sheldon Whitehouse (D – RI)
  • Sen. Mazie K. Hirono (D-Hawaii)
  • Sen. Jeff Merkley (D-OR)
  • Sen. Tina Smith (D-MN)
  • Sen. Jack Reed (D-RI)
  • Sen. Cory Booker (D-NJ)
  • Sen. Dianne Feinstein (D-CA)
  • Sen. Maggie Hassan (D-NH)

Introduced:

  • 4/11/19

WHAT THEY DO

The Energy Storage Tax Incentive and Deployment Act would establish an investment tax credit (ITC) for energy storage used at businesses or homes. This will help make energy storage technologies more affordable while working to make a cleaner and more reliable grid.

WHY WE LIKE THEM

This tax credit would encourage homes and businesses to install stand alone energy storage technologies. This means they would receive the tax credit without having to pair the storage with a renewable resource such as solar. Passage would allow home and business owners to not only to utilize renewable energy but to complement its use by saving renewable generation for times when it is needed most. Not only will this help reduce electricity demand and owners electricity expenses, it may also decrease greenhouse gas emissions that would otherwise be associated with use of non-renewable resources.

SPECIFICS

  • Amends the IRS Code of 1986 by providing tax credits for energy storage technologies
  • Technology neutral with a capacity not less than 3 kW hours for residential or 5 kW hours for businesses

 

Press Release
View the full text of S.1142
View the full text of H.R.2096