S.1845 - STORAGE 2011 Act

A bill to amend the Internal Revenue Code of 1986 to provide for an energy investment credit for energy storage property connected to the grid, and for other purposes. view all titles (3)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to provide for an energy investment credit for energy storage property connected to the grid, and for other purposes. as introduced.
  • Short: STORAGE 2011 Act as introduced.
  • Short: Storage Technology for Renewable and Green Energy Act of 2011 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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11/10/11
 
 
 
 
 
 
 

Official Summary

Storage Technology for Renewable and Green Energy Act of 2011 or the STORAGE 2011 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of genera

Official Summary

Storage Technology for Renewable and Green Energy Act of 2011 or the STORAGE 2011 Act - Amends the Internal Revenue Code to:
(1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive. store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid;
(2) make such property eligible for new clean renewable energy bond financing;
(3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and
(4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

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Organizations Supporting S.1845

  • National Electrical Manufacturers Association
  • Electricity Storage Association

Organizations Opposing S.1845

  • None via MapLight at this time.




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