HR 2096 and S1142 allow tax credits for (1) energy storage technologies, and (2) battery storage technology.
The development of energy storage systems across the country is a crucial piece in integrating clean energy into the grid at a greater scale and ensuring that the power derived from clean energy sources like wind and solar is available when it’s needed most.
The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage(including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours.
The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.
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Representative Richard Neal is the chair of the House Ways and Means Committee and he has the power to advance this critical legislation.
What should I say?
Rep. Neal. “This crucial bill will accelerate our rapid transition to 100% renewable energy. The energy storage tax incentive bill will help make renewable energy storage scalable and accessible, so that we can best use clean energy when it’s needed and store the rest. Improving the grid’s energy storage capabilities can help reduce costs for consumers and improve service reliability.
It is imperative that you promptly hold a hearing, move it out of the House Ways and Means Committee, and send it to the House for a vote.”
Senators Warren and Markey: “Cosponsor S1142. This crucial bill will accelerate our rapid transition to 100% renewable energy. The energy storage tax incentive bill will help make renewable energy storage scalable and accessible, so that we can best use clean energy when it’s needed and store the rest. Improving the grid’s energy storage capabilities can help reduce costs for consumers and improve service reliability.”
Rep. McGovern.“Cosponsor HR 2096. This crucial bill will accelerate our rapid transition to 100% renewable energy. The energy storage tax incentive bill will help make renewable energy storage scalable and accessible, so that we can best use clean energy when it’s needed and store the rest. Improving the grid’s energy storage capabilities can help reduce costs for consumers and improve service reliability.”
Richard Neal
Washington office Springfield office
2309 Rayburn House Office Building 300 State Street
Washington, DC 20515 Suite 200
Phone: 202-225-5601 Springfield, MA 01105
Fax: 202-225-8112 fax Phone: 413-785-0325
https://neal.house.gov/contact Fax: 413-747-0604
Senator Elizabeth Warren. www.warren.senate.gov/contact
309 Hart Senate Office B. Washington phone: 202-224-4543
Washington, DC 20510 Springfield phone: 413-788-2690
Springfield office
1550 Main St., Suite 406
Springfield, MA 01103
Phone: 413-788-2690
Senator Ed Markey www.markey.senate.gov/contact
255 Dirksen Senate Office B. Washington phone: 202-224-2742
Washington, DC 20510 Springfield phone: 413-785-4610
Springfield office
1550 Main St. 4thfloor
Springfield, MA 01103
413-785-4610
James McGovern
Washington office Northampton office
408 Cannon House Office Building 94 Pleasant St.
Washington, DC 20515 Northampton, MA 01060
Phone: 202-225-6101 phone: 413-341-8700
Fax: 202-225-5759 hours: M-F 9-5:00pm
hours: M-F 9-5:30