Performance-based incentives for energy storage encourage businesses and homeowners to use stored energy strategically, such as during peak demand periods. Here are some of the best states offering performance-based incentives for energy storage:
-
Massachusetts:
- ConnectedSolutions Program: Offers performance-based incentives for reducing energy consumption during peak demand periods. Participants receive financial rewards for contributing to grid stability over a contract term, typically five years.
- Clean Peak Standard: This program rewards customers for discharging stored energy during peak hours, providing valuable clean peak credits that can be traded or sold.
-
Connecticut:
- Energy Storage Solutions Program: Provides upfront rebates and performance-based incentives. Businesses earn incentives twice a year for ten years based on how much power they contribute to the grid during peak periods.
-
New York:
While not primarily focused on performance-based incentives for residential use, New York’s programs offer strong upfront incentives. However, commercial-scale projects often benefit from performance-based payments depending on the program. -
California:
- Self-Generation Incentive Program (SGIP): Includes a performance-based payment structure alongside upfront rebates. The incentives are especially beneficial for projects in areas prone to power outages or high-risk wildfire zones.
Each state has its own approach to performance-based incentives, often combining these with upfront rebates to encourage both adoption and effective use of energy storage systems.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-best-states-for-performance-based-incentives-for-energy-storage/
