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Tax credits for independent energy storage projects introduced in US congress
Renewable Energy World: On Thursday, US Congressman from Pennsylvania Mike Doyle introduced a bill that would establish a federal investment tax credit (ITC) for energy storage. The legislation would allow energy storage project developers, both commercial and residential, to receive a 30 percent tax credit for large-scale, commercial-scale and residential-scale storage projects through 2021.
The incentive would phase down and eventually settle on a permanent 10 percent credit for commercial projects. Residential projects would receive no credit.
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