Utility-specific incentives for energy storage vary significantly by state, reflecting different strategies to support the integration of storage technologies into the grid. Here is a breakdown of some of the key programs by state:
California
- Self-Generation Incentive Program (SGIP): Offers both upfront rebates and performance-based payments for energy storage installations. Higher incentives are available for areas prone to wildfires and power outages. SGIP combines well with federal incentives to reduce costs further for commercial projects.
Connecticut
- Energy Storage Solutions Program: Provides upfront rebates for residential customers (up to $16,000) and businesses (50% of installation cost). It includes performance-based incentives for businesses helping to reduce grid strain during peak periods.
Massachusetts
- ConnectedSolutions Program: Offers financial incentives and zero-interest financing for energy storage to support grid stability. The state also has the SMART Program, which includes incentives for solar-plus-storage projects.
- Clean Peak Standard: Rewards businesses for discharging stored energy during peak hours.
New York
- Long Island Energy Storage Incentive: Offers a $250 per kilowatt rebate for residential battery installations on Long Island.
- Market Acceleration Bridge Incentive Program: Provides upfront incentives varying by location, with higher incentives in New York City.
New Jersey
- New Jersey Storage Incentive Program (NJSIP): Expected to support standalone and solar-plus-storage projects. Details are still being finalized.
Colorado
- Colorado Industrial Tax Credit Offering (CITCO): Supports projects reducing greenhouse gas emissions, beneficial for businesses with energy storage.
- Colorado State Tax Credit: Offers a 10% tax credit on eligible storage equipment.
Utah
- Wattsmart Battery Program by Rocky Mountain Power: Offers incentives for customer-owned batteries, focusing on peak shaving and reliability improvements.
These programs illustrate the variety of approaches states use to incentivize energy storage adoption, including upfront rebates, performance-based incentives, and tax credits. Each program is designed to align with state-specific energy goals and grid reliability needs.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-utility-specific-incentives-for-energy-storage-vary-by-state/
