Energy Storage Bill Would Boost Renewables, Sens. Say

Law360, New York (May 24, 2013, 4:45 PM EDT) -- Four U.S senators on Thursday reintroduced a bill that would offer tax incentives for the use of technologies that can store energy, which they claim would spur further renewable energy development and lower electricity costs by reducing the need for electricity at peak hours.

The Storage Technology for Renewable and Green Energy Act of 2013, sponsored by Sens. Ron Wyden, D-Ore.; Jeff Merkley, D-Ore.; Susan Collins, R-Maine; and Angus King, I-Maine, would offer a 30 percent investment tax credit to businesses for using technologies that can...
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