The Senate Finance Committee and the House Ways and Means Committee sent inquiries to a number of commercial and residential solar power system developers seeking information about their use of federal tax incentives.
Senator Martin Heinrich introduced the Energy Storage Tax Incentive and Deployment Act of 2016. The proposed act would establish investment tax credits for the use of energy storage in homes and businesses.
Four House Agriculture Committee members expressed concern over the CFTC proposal to allow private lawsuits regarding transactions in wholesale electricity markets regulated by the Federal Energy Regulatory Commission.
Representative Tom Rice (R-SC) introduced a bill that would allow certain regulated companies to elect out of the public utility property energy investment tax credit limitation in the case of solar energy property.
Senator Edward J. Markey (D-MA) introduced the Offshore Wind Incentives for New Development Act. The Act would expand the tax credit for investment in energy property to include qualified offshore wind properties.