Yes, there are several incentives available specifically for residential energy storage:
- Federal Residential Clean Energy Credit:
- The Residential Clean Energy Credit offers a tax credit of 30% for the cost of installing qualified battery storage systems with a capacity of at least 3 kilowatt-hours, up to 2032.
- This credit is uncapped, meaning there is no annual or lifetime limit.
- State Level Incentives:
- California: The Self-Generation Incentive Program (SGIP) provides a tiered rebate program based on energy storage capacity. Higher incentives are available for installations in high fire threat districts and for low-income households.
- Connecticut: The Energy Storage Solutions program offers up to $16,000 for residential installations, with additional performance incentives for energy sent to the grid.
- New York: The Long Island Energy Storage Incentive offers a rebate of $250 per kilowatt-hour for battery storage installations.
- Utility and Local Incentives:
- Some utility companies and local governments offer additional rebates or credits for energy storage systems, often tied to specific grid support functions.
These incentives can significantly reduce the upfront cost of installing home battery storage systems and encourage the adoption of renewable energy technologies.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-incentives-specifically-for-residential-energy-storage/
