State-Specific Incentives for Battery Storage
1. California:
– Self-Generation Incentive Program (SGIP) offers a sizable rebate structure for battery storage, with higher incentives for areas prone to wildfires and low-income households. The rebate level decreases as more systems are installed, with recent rates at $200 to $150 per kWh depending on the program step.
2. Connecticut:
– Energy Storage Solutions Program provides upfront rebates for residential customers (up to $16,000 per installation) and offers a 50% upfront incentive for businesses. Additional performance-based incentives are available.
3. Hawaii:
– Hawaii Electric’s Battery Bonus Program offers cash incentives and bill credits for customers who install battery storage with solar systems. The initial incentive is $850 per kW, with later tiers at $750 and $500 per kW, along with a monthly bill credit.
4. Massachusetts:
– Mass Save Connected Solutions offers financial incentives and financing solutions to reduce battery installation costs. The SMART Program includes adders for solar systems with batteries, providing additional annual compensation based on system capacity.
5. New York:
– While there aren’t broad state-specific tax incentives, New York’s Market Acceleration Bridge Incentive Program offers upfront incentives, with varying rates depending on location—up to $100 per kWh in NYC and up to $350 per kWh elsewhere. For Long Island residents, there’s a specific $250 per kilowatt rebate, though most funds are already committed.
6. Oregon:
– Oregon Solar + Storage Rebate Program provides rebates up to $5,000 for solar systems and an additional $2,500 for battery storage. Installation must be done by approved contractors.
These incentives help encourage the adoption of energy storage solutions by reducing the financial burden on individuals and businesses.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-incentives-for-battery-storage-systems/
