alternative fuel
Study Puts Energy Storage Tax Credit On The Table In Iowa
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Iowa economic development officials tentatively are endorsing a tax credit for battery storage to complement the state’s wind and solar generation. The tax credit is one of several recommendations made in a recent report on energy storage opportunities by the Iowa Economic Development Authority. Others include targeting grant money and conducting additional research, including a “value of storage” analysis. “We are seeking to move the needle,” said Brian Selinger, who, as the agency’s energy team leader, was involved in developing the Energy Storage Action Plan. Storage was highlighted in a 2016 state energy plan.