In order to encourage new energy, the United States plans to provide ITC for ESS exceeding 5kWh

　　Energy storage system investment tax credit (ITC) incentives have been included in the draft bill of the US House of Representatives. In the draft, it is also planned to extend the ITC for solar power generation facilities and re-introduce the solar production tax credit (PTC).

　　The US House of Representatives introduced its draft legislation on federal budget reconciliation late last week, including parts related to green energy, detailing new and existing renewable energy power generation facilities and energy efficiency that will be included in the budget decision. Incentives.

　　Independently deployed battery energy storage projects in the U.S. are not yet eligible for ITC

　　For some time, American clean energy advocates, industry groups, and more and more state and national policy makers have been calling for the provision of ITC for independently deployed battery energy storage projects. In March of this year, Congressmen from the Third District of Oregon described ITC as "a once-in-a-lifetime opportunity to promote the growth of energy storage deployment and take measures that should have been taken long ago to save the planet."

　　The draft introduces ITC for battery energy storage systems or other energy storage technologies with an energy storage capacity of 5kWh. They will be eligible for a basic credit rate of 6% or an incentive credit rate of 30%.

　　ITC will continue until the end of 2031 and will gradually decrease in 2032 and 2033. According to the current situation, energy storage projects that start construction after 2033 or are not put into use before 2036 will not be eligible for ITC. Other projects that meet ITC requirements include linear generators, microgrid controllers, and biogas systems.

　　Energy storage systems that meet the requirements can obtain higher basic credit or incentive credit rates-these will not be affected by the gradual reduction in 2032 or 2033, and will also receive incentives provided by manufacturing in the United States.

　　As reported by the media, the proposal will extend the PTC period by 10 years, with an ITC tax rate of 30%, but only for projects that meet certain conditions.

　　At the same time, incentives made in the United States can increase the tax credit for solar power projects to 40%, and the PTC provided will last until 2031, and will gradually decrease by 20% each year in 2032 and 2033.

　　There is still a long way to go before these drafts are passed into law by the U.S. Congress.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate battery is a perfect replacement for lead-acid batteries, and it is the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.