Articles that mention Internal Revenue Service -Energy Storage News

Internal Revenue Service

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1. Mentioned In 19 Articles
2. Storage ITC Bill Gains Key Industry Backers
  
  Explore POWER Magazine Apr 12 2019
  
  ... and combined heat and power—can access the ITC, but that the narrow application of energy storage allowed by IRS rules prevents non-ITC-eligible resources (such as wind and natural gas) from deriving the same investment...
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  Mentions: Congress ESA Internal Revenue Service
3. NextEra: Solar and Wind Plus Batteries will be “Massively Disruptive” to Conventional Generation
  
  Explore pv-magazine-usa.com Jan 25 2019 Solar Photovoltaic , Wind , Utility Grid
  
  ...19-2020 period, NextEra is looking at a longer runway for solar. In particular, NextEra CEO Robo states that “IRS start of construction guidance on solar ITC positions us well for substantial solar and storage growth wel...
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  Mentions: California DoE U.S.
4. 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: California Indiana U.S.
5. 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
6. 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
7. 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 Colorado
8. 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: California Washington, D.C. France
9. ESA Applauds the IRS Private Letter Ruling on Residential Storage-plus-Solar
  
  Explore Energy Storage Association Mar 8 2018 Residential
  
  ...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
10. 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
11. 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 Nevada Mexico
12. 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: California Hawaii U.S.
13. 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: Hawaii U.S. Internal Revenue Service
14. 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
15. 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: California Asia DoE
16. 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: California DoE Nevada
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