Senators Push For Expanded Solar ITC Eligibility For Storage

U.S. Sens. Tim Scott, R-S.C., and Michael Bennet, D-Colo., are asking for clarification on the eligibility of energy storage projects for the solar investment tax credit (ITC). In a letter to Steven Mnuchin, secretary of the U.S. Department of the Treasury, the lawmakers request that clarification is included in the Internal Revenue Service’s (IRS) 2018-2019 Priority Guidance Plan. “As you know, the IRS previously recognized that energy storage technologies are eligible for the ITC when installing at the same time as ITC-eligible technologies, but has not explicitly affirmed whether storage technologies are eligible when added to an existing ITC-eligible technology,” they wrote.