Congress has extended tax credits for renewables a number of times
US energy storage could get tax credits
Industry hopes Biden administration will put in place a standalone tax credit for grid storage
Proposed tax credits for energy storage in the US could dramatically improve the penetration of energy storage on the country’s electricity grid, the industry hopes. The Energy Storage Tax Incentive and Deployment Act would create the first standalone federal tax credit for storage, regardless of whether that technology was paired with a new wind or solar project. The bill has not yet passed into law, but even if it fails there are expectations the measure will come about as a result of President Joe Biden’s ‘American Jobs Plan’ when it emerges in early June. 50pc — Annual average growth of US solar over past decade The Biden plan as it stands proposes extend the existing investment
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
