Yes, there are several state-specific incentives that can be combined with federal tax credits for energy storage systems. Here are some examples:
State-Specific Incentives
California
- Self-Generation Incentive Program (SGIP): This program offers a rebate that varies, often around $1 per kilowatt (kW), for installing energy storage systems. It prioritizes funding for customers in high fire threat districts and low-income households. SGIP funds can be combined with federal incentives.
Connecticut
- Energy Storage Solutions Program: Provides up to $16,000 in rebates for residential installations and 50% of costs upfront for businesses. Additionally, performance-based incentives are available.
Massachusetts
- Mass Save Connected Solutions: Offers financial incentives and zero-interest financing for energy storage. While the 2025 update is pending, this program aims to reduce battery installation costs and enhance grid stability.
New York
- Long Island Energy Storage Incentive: Long Island residents can receive a rebate of $250 per kilowatt (kW) for battery storage installations.
Federal Tax Credits
- Residential Clean Energy Credit: Offers a 30% tax credit for energy storage systems over 3 kWh through 2032. This can be combined with state incentives to further reduce costs.
Combining state and federal incentives can significantly lower the upfront costs of installing energy storage systems, making them more accessible to a broader audience. It’s important to check specific eligibility criteria and application deadlines for each program to maximize savings.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-incentives-that-can-be-combined-with-federal-tax-credits-for-energy-storage-systems/
