A new bill has been introduced in the US Senate and House of Representatives that could boost energy storage markets. The US Energy Storage Tax Incentive and Deployment Act is a bill which focuses on tax credits for both residential and business systems. Martin Heinrich, a Democratic New Mexican Senator, put through the bill, which is modeled on the US solar Investment Tax Credit (ITC). Residential storage systems greater than 3 kWh (battery only), and 5 kWh for business systems, would be eligible for the proposed ITC. Sample energy storage systems include: thermal energy systems, flywheels, grid-based energy storage systems, pumped hydro, and behind-the-meter batteries.
Clean Technica 20th July 2016 read more »