For solar developers, there is more good news – Solar energy has been added back onto the list of technologies eligible for production tax credits, along with wind energy, hydropower, geothermal power and other previously eligible resources.
Another notable change is that standalone energy storage facilities are now eligible to qualify for the ITC. Certain battery storage systems that are co-located with renewable energy generation systems were already eligible for the ITC. But industry advocates have long sought for standalone storage systems to be eligible because optimal locations for integrating battery storage into the grid are often remote from the generation source. Additionally, biogas will become eligible for the ITC.
Hydrogen, another technology with massive potential to provide energy storage capacity and accelerate the energy transition, is now eligible for a new tax…