US HB5350 — 

Energy Storage Act of 2016 Energy Storage for Grid Resilience and Modernization Act of 2016

May. 26, 2016

Referred to the House Committee on Ways and Means.
On May. 26, 2016

N/A

  • Michael Honda
  • History
    May. 26, 2016 Referred to the House Committee on Ways and Means.
    May. 26, 2016 Introduced in House

    Energy Storage Act of 2016 Energy Storage for Grid Resilience and Modernization Act of 2016 This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.

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    Co-Sponsors
    • Thomas Reed
    • Christopher Gibson
    • Mark Takano
    • K. Takai
    • Raúl Grijalva
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