Yes, there are numerous state-specific incentives for energy storage systems beyond federal programs. These incentives vary by state and may include upfront rebates, performance-based incentives, and tax credits. Here are some examples:
- California: The Self-Generation Incentive Program (SGIP) offers a combination of upfront rebates and performance-based payments for energy storage systems, with higher incentives for customers in high fire threat districts and low-income households.
- Connecticut: The Energy Storage Solutions program provides up to $16,000 in upfront rebates for residential customers and up to 50% of costs for businesses. It also offers performance-based incentives for businesses contributing to grid stability.
- Massachusetts: The Mass Save Connected Solutions program offers financial incentives and zero-interest financing to reduce battery costs and support grid stability. Additionally, Massachusetts has the SMART Program for solar-plus-storage projects and the Clean Peak Standard.
- New York: The Long Island Energy Storage Incentive offers a $250 per kilowatt rebate for residents, and the Market Acceleration Bridge Incentive Program provides varying incentives based on project location.
- New Jersey: The proposed Energy Storage Incentive Program (NJSIP) will support standalone and solar-plus-storage projects with incentives structured as fixed annual payments and pay-for-performance.
- Maryland: Offers an Energy Storage Income Tax Credit of up to $750,000 for businesses installing battery storage systems.
- Colorado: Provides incentives like the Colorado Industrial Tax Credit Offering (CITCO) and a 10% State Tax Credit on eligible storage equipment.
- Vermont: While Vermont lacks state-specific incentives, Green Mountain Power offers a bring-your-own-device rebate program and a Tesla Powerwall lease option.
These programs demonstrate the diverse range of state-level incentives available for energy storage systems.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-incentives-for-energy-storage-systems-that-are-not-covered-by-federal-programs/
