The “Equity” and “Equity Resiliency” rebates are part of the Self-Generation Incentive Program (SGIP), which aims to support the adoption of energy storage systems, particularly in vulnerable communities. Here’s how these rebates differ:
Key Differences
- Incentive Amount: The Equity rebate offers an incentive of $850 per kilowatt-hour, intended to cover up to 85% of the cost of an energy storage system. In contrast, the Equity Resiliency rebate provides a higher incentive of $1,000 per kilowatt-hour, designed to cover approximately 100% of the system cost.
- Eligibility Criteria:
- Equity rebates are generally available for low-income and disadvantaged communities. Eligible projects include residential energy storage systems in multifamily and single-family low-income housing, as well as nonresidential installations in disadvantaged communities or those operated by public agencies.
- Equity Resiliency rebates target communities at risk due to wildfires, Public Safety Power Shutoff (PSPS) events, and other critical service needs. Eligibility includes locations in High Fire-Threat Districts, homes with medical baseline needs, or those reliant on electric well pumps in low-income areas.
- Purpose: The main difference in purpose is that Equity Resiliency rebates focus on areas with high wildfire risks or those frequently affected by PSPS events, while Equity rebates aim to support broader low-income and disadvantaged communities.
In summary, the Equity Resiliency rebate provides a higher monetary incentive with eligibility criteria focused on wildfire risk and PSPS-affected areas, whereas the Equity rebate offers a lower incentive but targets a broader range of low-income and disadvantaged communities.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-the-equity-and-equity-resiliency-rebates-differ/
