Energy Storage Tax Incentive and Deployment Act of 2019
- Last Action
- 4/4/2019
Actions
- 2019-04-04Referred to the House Committee on Ways and Means.
- 2019-04-04Introduced in House
- 2019-04-04Introduced in House
CRS Summary
As of 2019-04-04 (00)
Energy Storage Tax Incentive and Deployment Act of 2019
This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology.
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.
Cosponsors (20)
- EARL BLUMENAUER (D-OR)
- Linda Sánchez (D-CA)
- Peter Welch (D-VT)
- Scott Peters (D-CA)
- Cheri Bustos (D-IL)
- Mike Levin (D-CA)
- Donald Beyer (D-VA)
- Abigail Spanberger (D-VA)
- Chris Pappas (D-NH)
- Paul Tonko (D-NY)
- Chellie Pingree (D-ME)
- Bill Foster (D-IL)
- Vern Buchanan (R-FL)
- Raul Ruiz (D-CA)
- Jimmy Panetta (D-CA)
- Jason Crow (D-CO)
- Yvette Clarke (D-NY)
- Ben Luján (D-NM)
- Raúl Grijalva (D-AZ)
- Joe Neguse (D-CO)
Subjects
- Alternative and renewable resources
- Business investment and capital
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Income tax credits
- Residential rehabilitation and home repair
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.