April 29, 2019

Environmental, Conservation and Clean Energy Coalition Urges Congress to Enact Energy Storage Investment Tax Credit


Washington, D.C. – Continuing a steady drumbeat in support of an energy storage investment tax credit (ITC), nine organizations spanning the environmental, conservation and clean energy communities today sent a letter to the House Ways and Means and Senate Finance Committees urging enactment of an energy storage investment tax credit (ITC) as part of any “extenders package” considered this year.

In the letter, the organizations called the tax credit “a shared priority,” explaining that it provides “a uniquely near-term and impactful way to accelerate the transition to renewable energy, spur economic growth, and reduce greenhouse gas emissions.”

The signing organizations include:

  • American Council on Renewable Energy
  • Environment America
  • Environmental Defense Fund
  • League of Conservation Voters
  • National Audubon Society
  • National Wildlife Federation
  • Natural Resources Defense Council
  • Sierra Club
  • Union of Concerned Scientists

Background: Earlier this month, legislation was introduced in both the U.S. House and Senate (H.R. 2096/S.1142) that would modify Section 48 and Section 25D investment tax credits to clarify that energy storage technologies are eligible for the credit. Currently, energy storage technologies are only eligible for the investment tax credit as part of hybrid projects, under a specific and relatively limited set of circumstances.

 

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LEARN MORE ABOUT THE ORGANIZATIONS:
American Council on Renewable Energy
Environment America
Environmental Defense Fund
League of Conservation Voters
National Audubon Society
National Wildlife Federation 
Natural Resources Defense Council
Sierra Club
Union of Concerned Scientists 

 

MEDIA CONTACTS:
Alex Hobson, ACORE
hobson@acore.org | (202) 777-7584

Rob Sargent, Environment America
rsargent@environmentamerica.org | (617) 747-4317

Sharyn Stein, EDF
sstein@edf.org | (202) 572-3396

Emily Samsel, LCV
emily_samsel@lcv.org | 202-454-4573

Anne Singer, National Audubon Society
asinger@audubon.org | (202) 271-4679

Mike Saccone, NWF
SacconeM@nwf.org | (202) 797-6634

Mark Drajem, NRDC
mdrajem@nrdc.org | (202) 297-5444

Brian Willis, Sierra Club
Brian.Willis@sierraclub.org | (202) 675-2386

Lisa Nurnberger, UCS
LNurnberger@ucsusa.org | (202) 331-6959

 

 

About ACORE

Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact 
Alex Hobson
Vice President of Communications
American Council on Renewable Energy
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)