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Energy Storage Tax Incentive and Deployment Act of 2021

USA117th CongressS-627| Senate 
| Updated: 3/9/2021
Martin Heinrich

Martin Heinrich

Democratic Senator

New Mexico

Cosponsors (12)
Mazie K. Hirono (Democratic)Dianne Feinstein (Democratic)Jack Reed (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Michael F. Bennet (Democratic)Tina Smith (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Energy Storage Tax Incentive and Deployment Act of 2021 This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including electrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.
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Timeline

Bill from Previous Congress

S 116-1142
Energy Storage Tax Incentive and Deployment Act of 2019
Mar 9, 2021

Latest Companion Bill Action

HR 117-1684
Introduced in House
Mar 9, 2021
Introduced in Senate
Mar 9, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-1142
    Energy Storage Tax Incentive and Deployment Act of 2019


  • March 9, 2021

    Latest Companion Bill Action

    HR 117-1684
    Introduced in House


  • March 9, 2021
    Introduced in Senate


  • March 9, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-1684: Energy Storage Tax Incentive and Deployment Act of 2021
Alternative and renewable resourcesBusiness investment and capitalEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsResidential rehabilitation and home repair

Energy Storage Tax Incentive and Deployment Act of 2021

USA117th CongressS-627| Senate 
| Updated: 3/9/2021
Energy Storage Tax Incentive and Deployment Act of 2021 This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including electrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-1142
Energy Storage Tax Incentive and Deployment Act of 2019
Mar 9, 2021

Latest Companion Bill Action

HR 117-1684
Introduced in House
Mar 9, 2021
Introduced in Senate
Mar 9, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-1142
    Energy Storage Tax Incentive and Deployment Act of 2019


  • March 9, 2021

    Latest Companion Bill Action

    HR 117-1684
    Introduced in House


  • March 9, 2021
    Introduced in Senate


  • March 9, 2021
    Read twice and referred to the Committee on Finance.
Martin Heinrich

Martin Heinrich

Democratic Senator

New Mexico

Cosponsors (12)
Mazie K. Hirono (Democratic)Dianne Feinstein (Democratic)Jack Reed (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Michael F. Bennet (Democratic)Tina Smith (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)

Finance Committee

Taxation

Related Bills

  • HR 117-1684: Energy Storage Tax Incentive and Deployment Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesBusiness investment and capitalEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsResidential rehabilitation and home repair