Proposed Bipartisan Legislation Would Expand Investment Tax Credit to Standalone Energy Storage Projects
Proposed Bipartisan Legislation Would Expand Investment Tax Credit to Standalone Energy Storage Projects
March 22, 2021

The large-scale deployment of domestic energy storage systems is largely viewed as critical to the continued growth of the renewables sector, as well as a key component of achieving the nation’s energy reliability and resiliency goals. While it may be unrealistic to expect that extension of the tax credit to energy storage projects would result in the stratospheric levels of growth enjoyed by the solar industry over the past decade, the tax credit’s proven track record for stimulating renewables development has energy storage advocates hopeful that the proposed legislation would drive significant investment in the sector, resulting in a meaningful increase in energy storage deployment.