Everything Electric Cooperatives Should Know About the Federal Storage ITC
Congress is currently considering a Federal Standalone Storage Investment Tax Credit (ITC) as part of its Reconciliation (aka Build Back Better) package, which provides rich incentives for electric cooperatives looking to deploy standalone battery energy storage systems.
In this webinar, experts from Stem, GDS Associates and the National Rural Utilities Cooperative Finance Corporation, will address questions like:
- What is outlined in the Federal Storage ITC language today?
- Where is the bill and what are the next steps towards it’s passing?
- What are the key components of the bill that might impact electric cooperatives investments in energy storage?
- How should electric cooperatives be planning storage projects to take advantage of the ITC?
We’ll cover key issues like the Direct Pay provision and the specific Cooperative provisions contained in the Agriculture Committee’s portion of the broader Reconciliation bill.
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