States offering high performance-based incentives for energy storage vary, but some of the most notable programs include:
- Massachusetts: The ConnectedSolutions program provides incentives based on reducing energy consumption during peak demand periods. Incentives are typically structured as a payment per kilowatt (kW) of capacity used during peak hours. For small batteries, incentives can average around $100 to $300 per kW over a 5-year contract, depending on the season.
- Rhode Island: Also part of the ConnectedSolutions program, Rhode Island offers incentives similar to Massachusetts but with slightly higher rates. Incentives can reach up to $1,333.33 per kW over a 10-year period for participating in performance contracts.
- Connecticut: Provides performance-based incentives in addition to upfront rebates. Businesses can earn incentives twice a year for 10 years based on the power added to the grid during peak periods.
These programs demonstrate a strong focus on rewarding energy storage systems for their ability to provide grid stability and reduce peak demand. However, the specific rates and structure can vary significantly between states, and new incentives are being developed or expanded across the U.S.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-states-offer-the-highest-performance-based-incentives-for-energy-storage/
