Articles that mention Internal Revenue Service -Energy Storage News

Internal Revenue Service

1-17 of 17
1. Mentioned In 17 Articles
2. Carbon Bill Makes First Footprint
  
  Explore Politics, Political News Nov 28 2018
  
  ...sures stand-alone storage projects, like grid-scale batteries, could claim the Investment Tax Credit. Current IRS guidance allows solar-plus-storage products to claim the subsidy. "What we want is clarification that stor...
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  Mentions: CA IN U.S.
3. US Congress Urged to Clarify Eligibility of Energy Storage for ITC
  
  Explore Energy Storage News Nov 27 2018 Solar Photovoltaic , Utility Grid
  
  ...e resources. “Without clear statutory rules, energy storage industry members face continuing uncertainty from IRS guidance about the eligibility of energy storage equipment for Section 48 and 25 tax credits when paired w...
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  Mentions: New Mexico AWEA Mexico
4. Energy Storage Industry Pushes for Clarity on Tax Credit Eligibility
  
  Explore utilitydive.com Nov 27 2018
  
  ...le battery projects as well as smaller residential systems. Already this year, the Internal Revenue Service (IRS) issued a letter determining that new storage projects can access the credit when installed with new ITC-e...
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  Mentions: GM U.S. AWEA
5. Energy Storage Association Seeks Clarity on Eligibility of Energy Storage for Investment Tax Credit
  
  Explore Daily Energy Insider Sep 25 2018 Commercial & Industrial
  
  ...e clarification be included in the IRS’ 2018-2019 Priority Guidance Plan. “By making these clarifications the IRS can ensure the full utilization of these domestic energy resources, thereby maximizing the public benefit ...
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  Mentions: U.S. ESA CO
6. U.S. Battery Storage Nears Tipping Point, Drives Energy Transition
  
  Explore theenergycollective.com Mar 14 2018 Solar Photovoltaic
  
  ...her words, when the next homeowner asks the same question—Does this storage retrofit qualify for the ITC?—the IRS examiner will see that the agency’s answer in a prior case was yes, making a positive answer in the second...
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  Mentions: CA Washington, D.C. France
7. ESA Applauds the IRS Private Letter Ruling on Residential Storage-plus-Solar
  
  Explore Energy Storage Association Mar 8 2018
  
  ...The IRS recent private letter ruling marks a milestone for the residential storage-plus-solar industry. The determination that an energy storage retrofit of a residential solar PV project is eligible for a 30 p...
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  Mentions: ESA Internal Revenue Service
8. IRS Rules Energy Storage Upgrade to Solar ITC Eligible
  
  Explore pv-magazine-usa.com Mar 5 2018 Solar Photovoltaic , Utility Grid
  
  ... credit if at least half of the energy used in the tank was from sunlight. In the final ruling paragraph, the IRS again references the 100% requirement of energy coming from solar PV: In May of 2017, utility Tucson Elect...
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  Mentions: Internal Revenue Service
9. With Tax Reform on the Table, Senators Prepare Second Push for Energy Storage Incentives
  
  Explore utilitydive.com Feb 9 2017
  
  ...e commercial and utility scale credit drops to a permanent 10%. Storage can qualify for an ITC under current IRS rules, but only when installed in conjunction with a wind or solar power project. So battery storage syste...
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  Mentions: New Mexico NV Mexico
10. The Rise and Rise of US Storage
  
  Explore PV-Tech Sep 13 2016
  
  ...dditional new deployments. Congress has introduced bipartisan legislation supporting storage advancement, the IRS is revising its guidance on storage and the Investment Tax Credit, and the Federal Energy Regulatory Commi...
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  Mentions: CA HI U.S.
11. What the Federal ITC Extension Means for the US Energy Storage Market
  
  Explore Greentech Media Mar 29 2016 Solar Photovoltaic , Utility Grid
  
  ...th renewables have been fairly ambiguous, it was a promising sign when the Department of the Treasury and the IRS opened the door for explicit inclusion of renewables paired with storage through a notice last fall. "Both...
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  Mentions: HI U.S. Internal Revenue Service
12. Honda Leads Members Calling For Renewable Energy Storage Investment Credits
  
  Explore Energy Storage Association Feb 19 2016
  
  ...lley, Calif.) was joined by a dozen of his colleagues, in a letter calling on Treasury Secretary Jack Lew and IRS Commissioner John Koskinen to allow those storage innovations the same tax credit that is available for cl...
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  Mentions: U.S. ESA Internal Revenue Service
13. How Energy Storage Can Boost the Proficiency of Utility-Scale PV
  
  Explore PV Insider Jan 13 2015
  
  ...ndy. We do not yet have a Federal approach around storage like we had for wind and solar with the PTC and ITC IRS programmes,” he says. Call for a unified position He believes that the energy storage industry would s...
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  Mentions: CA Asia DoE
14. Clean Energy Investment in the United States
  
  Explore Center for American Progress Jun 10 2014 Solar Photovoltaic , Wind
  
  ...alify as “real property” eligible to benefit from REIT designation. Instead, the Internal Revenue Service, or IRS, determines whether clean energy REITs are allowable on a case-by-case basis. Currently, the only clean en...
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  Mentions: CA DoE NV
15. 4 Factors Driving the Commercial Energy Storage Market
  
  Explore Greentech Media Feb 13 2014 Solar Photovoltaic , Utility Grid
  
  ...conditioning equipment such as inverters. From an economic perspective, three private letter rulings from the Internal Revenue Service have allowed energy storage devices to capture the 30 percent federal investment tax ...
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  Mentions: CA FERC PJM
16. IRS likely to supplement "Beginning Construction" guidance for renewable energy tax credits
  
  Explore Renewable + Law Aug 12 2013
  
  ...s to "begin construction" for these purposes. Similar to the guidance issued for the section 1603 grant, the IRS provided two alternative tests by which taxpayers can establish that construction has begun: (1) physical ...
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  Mentions: Congress Internal Revenue Service
17. Energy Department, Treasury Announce $150M in Tax Credits for Clean Energy Manufacturers
  
  Explore Department of Energy Feb 7 2013
  
  ...raphy, technology, project size, and regional economic development. The full solicitation is available on the IRS website HERE. ...
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  Mentions: DoE U.S. Internal Revenue Service
18. IRS Grants $14M Credit for ZBB's Storage Manufacturing Expansion
  
  Explore Green Technology Investments Jun 20 2011 Utility Grid
  
  ...ewable energy power platforms, today announced that it has received notice from the Internal Revenue Service (IRS) that the IRS has certified ZBB’s project for a $14,685,000 Advanced Energy Manufacturing tax credit under...
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  Mentions: WI Internal Revenue Service ZBB
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