Yes, there are performance-based incentives for energy storage systems available in several regions. These incentives reward customers for contributing energy to the grid during peak demand periods. Here are some examples of these programs:
Performance-Based Incentives
- Active Dispatch Events: In some regions, incentives are paid when batteries participate in active dispatch events triggered by utility companies, typically during peak demand periods (summer and winter). Customers receive incentives based on the average kW their system contributes per event.
- Variable Incentives: Incentives may vary by season. For example, maximum season incentives might be higher in the summer than in the winter, reflecting the respective peak demands.
- Commercial and Industrial Incentives: Programs like Connecticut’s Energy Storage Solutions offer up to 50% upfront incentives for commercial customers, with additional performance incentives for reducing peak demand during critical periods.
- State Programs:
- Massachusetts: The ConnectedSolutions program provides annual incentives for access to stored energy, supporting grid stability.
- Maine: Efficiency Maine offers performance-based incentives for reducing peak demand during summer.
- California: While primarily an upfront rebate, California’s Self-Generation Incentive Program emphasizes supporting grid stability.
These incentives often encourage participation in demand response programs or virtual power plants, enhancing grid stability and rewarding customers financially for their contributions.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-performance-based-incentives-for-energy-storage-systems-2/
