Yes, there are numerous state-specific incentives for energy storage projects across the United States. Here are some examples:
- California:
- The Self-Generation Incentive Program (SGIP) offers rebates for energy storage installations, with higher incentives available for high-risk fire areas and low-income communities.
- SGIP combines upfront rebates with performance-based payments, particularly benefiting large commercial projects and demand response programs.
- New York:
- The Market Acceleration Bridge Incentive Program provides upfront incentives, with varying rates based on location (e.g., up to $100 per kWh in New York City and up to $350 per kWh elsewhere).
- Long Island residents can receive a $250 per kWh rebate for battery storage.
- New Jersey:
- The Energy Storage Incentive Program (NJSIP) is being finalized and will support standalone and solar-plus-storage projects.
- Maryland:
- Offers up to $750,000 in tax credits for energy storage installations through the Energy Storage Income Tax Credit program.
- Colorado:
- Provides a 10% state tax credit on eligible storage equipment and the Colorado Industrial Tax Credit Offering (CITCO) supports projects that reduce greenhouse gas emissions.
- Connecticut:
- The Energy Storage Solutions program offers up to $16,000 for residential installations and a 50% upfront incentive for businesses.
- Massachusetts:
- Offers financial incentives and financing solutions through the Mass Save Connected Solutions program.
These incentives often take the form of rebates, performance-based payments, or tax credits, aiming to encourage the adoption of energy storage technologies. Additionally, states like California and New Jersey have procurement targets for energy storage, which further support its development.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-incentives-for-energy-storage-projects/
