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Orgs Urge Inclusion of Energy Storage Bill in Extenders Package

APR. 9, 2019

Orgs Urge Inclusion of Energy Storage Bill in Extenders Package

DATED APR. 9, 2019
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Advanced Energy Economy
    American Council On Renewable Energy
    American Wind Energy Association
    Citizens for Responsible Energy Solutions
    Energy Storage Association
    National Electrical Manufacturers Association
    National Hydropower Association
    Solar Energy Industries Association
    ClearPath Action
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Energy
  • Jurisdictions
  • Tax Analysts Document Number
    2019-14080
  • Tax Analysts Electronic Citation
    2019 TNT 70-22

April 9, 2019

The Honorable Nancy Pelosi
Speaker of the House
U.S. House of Representatives

The Honorable Richard Neal
Chairman
Committee on Ways & Means
U.S. House of Representatives

The Honorable Kevin McCarthy
Minority Leader
U.S. House of Representatives

The Honorable Kevin Brady
Ranking Member
Committee on Ways & Means
U.S. House of Representatives

Dear Speaker Pelosi, Leader McCarthy, Chair Neal, and Ranking Member Brady,

As you and your colleagues consider energy tax extenders legislation, we urge you to include the Energy Storage Tax Incentive and Deployment Act (H.R. 2096), which would ensure a level playing field for energy storage as a standalone asset to compete with all other energy resources made eligible for Section 48 & 25D investment tax credits (“ITC”).

H.R. 2096 would resolve the uncertainty facing companies who seek to utilize the ITC for energy storage, spurring greater investment and creating jobs while extending the benefits of energy storage deployment among a wider diversity of technologies and industries. Those deployments in turn will accelerate the transition to clean energy and position the U.S. as a global leader in energy storage technology.

We encourage you to support U.S. companies' investment and jobs in making America's power system more resilient, efficient, sustainable and affordable with energy storage. As you and your colleagues consider energy tax extenders legislation, inclusion of ITC eligibility for energy storage is among the nearest-term opportunities to advance clean energy in this Congress.

Sincerely,

Advanced Energy Economy (AEE)
American Council on Renewable Energy (ACORE)
American Wind Energy Association (AWEA)
ClearPath Action
Citizens for Responsible Energy Solutions (CRES)
Energy Storage Association (ESA)
National Electrical Manufacturers Association (NEMA)
National Hydropower Association (NHA)
Solar Energy Industries Association (SEIA)

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Advanced Energy Economy
    American Council On Renewable Energy
    American Wind Energy Association
    Citizens for Responsible Energy Solutions
    Energy Storage Association
    National Electrical Manufacturers Association
    National Hydropower Association
    Solar Energy Industries Association
    ClearPath Action
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Energy
  • Jurisdictions
  • Tax Analysts Document Number
    2019-14080
  • Tax Analysts Electronic Citation
    2019 TNT 70-22
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