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Tax Credits for Energy Storage and Home Batteries

This act introduces new tax credits for businesses investing in energy storage technologies like batteries and compressed air. Additionally, individuals can receive credits for installing home battery systems, potentially lowering energy costs and increasing energy independence.
Key points
Businesses can get tax credits for investing in a wide range of energy storage technologies, including batteries, compressed air, and hydrogen storage.
Homeowners can claim tax credits for purchasing and installing battery storage systems with a capacity of at least 3 kilowatt-hours in their residences.
The changes apply retroactively to properties placed in service or expenditures paid after December 31, 2020.
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Additional Information
Print number: 117_S_627
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2021-03-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Energy Storage Tax Incentive and Deployment Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_627.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-09.

What are the main provisions?

Key points include:

  • Businesses can get tax credits for investing in a wide range of energy storage technologies, including batteries, compressed air, and hydrogen storage.
  • Homeowners can claim tax credits for purchasing and installing battery storage systems with a capacity of at least 3 kilowatt-hours in their residences.
  • The changes apply retroactively to properties placed in service or expenditures paid after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Heinrich, Martin [D-NM].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Environment Economy