HR 5409
Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019
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Bill overview
The Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019 aims to encourage the adoption of energy storage technologies by providing tax credits. It expands the existing energy credit to include a wider range of storage methods like batteries, compressed air, and hydrogen storage, with a minimum capacity of 5 kilowatt hours. Additionally, the bill introduces a residential energy efficient property credit for battery storage systems with a minimum capacity of 3 kilowatt hours. It also includes provisions regarding public utility property and the potential to exempt certain energy storage from tax credits if state regulations prohibit it.
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