The proposed Investment Tax Credit (ITC) extension is greatly welcomed by power industry associations and developers. Cost-effectiveness is better observed in these large-scale utility projects, as they achieve break-even faster – as the generation is bartered for the long term. Hence, GlobalData expects that rejection of the extension would greaty bruise the developers involved in […]
‘Don’t miss this opportunity’: Industry groups’ further plea for energy storage ITC
Failing to create an investment tax credit as part of the ongoing tax extenders legislation, a coalition of clean energy trade bodies in the US have urged. As it stands, this year’s tax extenders will add a further year to wind power’s Production Tax Credit, but calls for the bipartisan Energy Storage Tax Incentive and […]
‘Obvious benefits’ of ITC for energy storage could even meet Trump’s energy resiliency aims
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said. Michael Doyle, a Democrat, has proposed in the US House of Representatives the […]