Clean energy demand continues to grow the photovoltaic energy storage technology will introduce tax credits

Solar photovoltaic (pv) net news: the United States house of representatives Mike Doyle has put forward the clean energy advocate long-awaited legislation: tax credits H energy storage technology. R。 2096 bill.

　　H. R。 2096 bill aimed at making energy storage technology fully in line with the investment tax credit ( ITC) Requirements, the credits for light photovoltaic + v and some energy storage projects. Photovoltaic (pv) investment tax credit ( ITC) Plan to decline gradually from 30% in 2019 to 26% in 2020, to 22% in 2021, and thereafter began to implement all of the business and utilities projects will drop to 10%.

on April 4, more than 100 people in the house of representatives ways and means committee chairman signed a letter to Massachusetts rids Neal's letter, to extend the clean energy tax credits, including energy storage, alternative fuel vehicles and energy efficiency requirements. Letter pointed out that this requirement is the trump the government in order to prevent the U. S. environmental protection agency's clean energy plan after efforts.

although green New Deal got more attention, but the United States congress lawmakers are pushing for specific, short-term measures to cope with the challenges of climate change.

the house of representatives passed legislation to increase people deployment of clean energy such as energy storage technology. More than 100 celebrities also requires tax legislation or more widely in the upcoming increase in infrastructure package clean energy tax policy.

　　“ We recognize that congress last longer many of these clean energy tax credit, but they decided that will eventually be phased out. ” The letter said, and points out that the investment tax credit ( ITC) And other tax credit means as bridge, execute the epa clean energy program to reduce emissions of coal-fired power generation, and other carbon reduction policy implementation.

letter pointed out that & other; Now the situation is no longer the case. The trump of the government's policy influence oil and common-sense measures of existing plants, loosen the fuel economy standards for cars and trucks and climate agreement to withdraw from Paris and the United States, it fundamentally changed the framework agreement in 2015. ”

the signer including New York Congressman PaulTonko, he put forward a bill against the President of the United States in 2017 to trump the exit decision in the Paris agreement.

the letter proposes more policies and measures to encourage more use of alternative fuel vehicles, at the same time, encourage the construction of electric and alternative vehicles charge/fuel infrastructure, as well as energy efficiency for new and existing buildings for tax incentives based on performance. It also suggested that encourage reduce industrial emissions, and continue to encourage wind and photovoltaic (pv), including the emerging technologies such as offshore wind power to provide additional incentives.

this letter also stressed the H. R。 2096 bill, asked the leadership to take a variety of ways and means to clarify the tax laws of energy storage technology, for the intermittent clean energy such as wind power and photovoltaic technology is very important for the continuous deployment and extension, and help to grid modernization, make it more efficient and more flexible.

in 2017, Doyle introduced a bipartisan bill, according to the existing tax credit of photovoltaic (pv), create a separate storage infrastructure investment tax credit ( ITC) 。 Prior to this, the United States senate has made similar efforts in this aspect, by former senator Martin Heinrich and Nevada senator Dean Heller is put forward in 2016. Energy storage advocates in the senate version of the bill is expected during the congress.

ACORE, President and chief executive Greg Wetstone said, battery energy storage system with power generation systems, including wind power, photovoltaic and gas together, thus creating a more efficient electricity grid.

if storage tax credit is approved, the project developers can start to the initial investment, energy storage project and completed in four years, in order to obtain credit. Meanwhile, renewable energy and storage project of interconnection queues continues to grow, the grid urgently need more transmission infrastructure to increase the new capacity of clean energy.

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