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Title: Federal Tax Incentives for Energy Storage Systems

Abstract

Investments in renewable energy are more attractive due to the contribution of two key federal tax incentives. The investment tax credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) depreciation deduction may apply to energy storage systems such as batteries depending on who owns the battery and how the battery is used. The guidelines in this fact sheet apply to energy storage systems installed at the same time as the renewable energy system.

Authors:
 [1];  [1];  [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)
OSTI Identifier:
1417732
Report Number(s):
NREL/FS-7A40-70384
DOE Contract Number:
AC36-08GO28308
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; U.S. Department of Energy; DOE; SunShot initiative; federal tax incentives; battery storage systems; federal investment tax credit; ITC; Modified Accelerated Cost Recovery System; MACRS

Citation Formats

Anderson, Katherine H, Elgqvist, Emma M, and Settle, Donald E. Federal Tax Incentives for Energy Storage Systems. United States: N. p., 2018. Web.
Anderson, Katherine H, Elgqvist, Emma M, & Settle, Donald E. Federal Tax Incentives for Energy Storage Systems. United States.
Anderson, Katherine H, Elgqvist, Emma M, and Settle, Donald E. Tue . "Federal Tax Incentives for Energy Storage Systems". United States. doi:. https://www.osti.gov/servlets/purl/1417732.
@article{osti_1417732,
title = {Federal Tax Incentives for Energy Storage Systems},
author = {Anderson, Katherine H and Elgqvist, Emma M and Settle, Donald E},
abstractNote = {Investments in renewable energy are more attractive due to the contribution of two key federal tax incentives. The investment tax credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) depreciation deduction may apply to energy storage systems such as batteries depending on who owns the battery and how the battery is used. The guidelines in this fact sheet apply to energy storage systems installed at the same time as the renewable energy system.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Jan 16 00:00:00 EST 2018},
month = {Tue Jan 16 00:00:00 EST 2018}
}