Yes, there are several government incentives for installing energy storage systems in the United States. These incentives vary at both the federal and state levels.
Federal Incentives
- Federal Tax Credit: Thanks to the Inflation Reduction Act (IRA), homeowners can receive a 30% tax credit on the cost of energy storage systems installed through 2032. This credit applies to systems with a capacity of at least 3 kWh.
- Clean Electricity Investment Credit (CEIC): Commercial properties can benefit from up to a 50% credit for battery storage installations. This credit begins at 6% and increases if specific requirements are met, such as using U.S.-based materials or locating in energy communities.
State-Level Incentives
Several states offer additional incentives:
- California: The Self-Generation Incentive Program (SGIP) provides rebates for battery storage, with higher incentives available for areas prone to wildfires and low-income households.
- Connecticut: Residential customers can receive up to $16,000 per installation, while businesses are eligible for a 50% upfront incentive plus performance-based incentives.
- Massachusetts: The Mass Save Connected Solutions program offers financial incentives and zero-interest financing for battery installations.
- New York: The Long Island Energy Storage Incentive provides a $250 per kWh rebate for battery storage.
These incentives not only help reduce the initial cost of energy storage systems but also contribute to grid stability and support the transition to clean energy.
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