Bipartisan senators ask Treasury Secretary to expand storage tax credit eligibility

Utility Dive: The residential renewable energy investment tax credit starts to phase down from its current 30% level at the end of 2019. According to the Department of Energy, solar electric systems, solar water-heating systems, fuel cell systems, small wind energy and geothermal heat pumps qualify for the ITC, which was reinstated by Congress last February.

The senators are asking the IRS to prioritize action on the ruling after the agency and the Treasury opened up a public comments request in October 2015 on what energy properties qualify for the ITC.

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