1. Senators Push Tax Credit Bill for Energy Storage onto Lawmakers' Desks

    Senators Push Tax Credit Bill for Energy Storage onto Lawmakers' Desks

    Senator Martin Heinrich has proposed granting tax relief for purchasers of energy storage systems, in a similar way to how the Investment Tax Credit (ITC) is applied to residential solar PV purchases. Heinrich, democratic senator for the state of New Mexico, along with Minnesota’s Al Franken, also a democrat, last week introduced S.1851, a bill in Congress to create research and demonstration programmes for energy storage systems. Heinrich, with Franken as co-sponsor, also that week introduced S.1868, “a bill to amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes”.

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