HahaSmart Solar News: New ITC Tax breaks for Energy Storage?

The head of the US national Energy Storage Association has announced that an Investment Tax Credit (ITC) for solar power storage in the US may be more impactful than any other policy.

An interview with sister publication Energy-Storage.news, ESA chief executive Kelly Speakes-Backman the implementation of a storage ITC, commenting that the asset class was currently enjoying “extremely strong, bipartisan support” from US Congress, the Department of Energy and other administration.

Speakes-Backman stated, “Frankly, it made sense at the very beginning to have these, the solar-plus-storage [ITC eligible projects]. But storage is applicable to so much more than just being coupled with solar now, that I think it’s important to create a level playing field.”

Currently, energy storage projects are eligible to receive the solar ITC only if they are simultaneously and co-located with solar power generation, but congress is due to debate the option of a standalone storage ITC later this year.

Do you think Congress will give energy storage a standalone ITC? Head over to HaHaSmart.com and let us know!

You can find more great info about solar technology at the HahaSmart.com News page: hahasmart.com/news

For more information on setting up your own home solar system, try using the HahaSmart solar panel Price Checker or the Design DIY tools on the site, you will get rates that are 25% below the average market value of home solar, in addition to state tax incentives. Size your system, find the local solar panel installers, and buy everything you need from home solar panels to accessories, all on the same site. hahasmart.com/