Hyperdrive
Battery Boosters Pushing Congress to Give Industry a Tax Credit
- Initial House bill doesn’t include proposed storage tax credit
- ‘Everyone understands the transformative nature of storage’
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Renewable-energy advocates are pushing Congress to create a tax credit for power-storage systems, a move that may help unlock new opportunities for wind and solar nationwide.
A storage tax credit would boost the grid’s resiliency and reliability, they say, key buzzwords in the Trump administration’s campaign to save struggling nuclear and coal-fired power plants. But so far, congressional Republicans aren’t biting.