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Types of battery incentives
If you’re considering an energy storage system, there are incentives available that can help lower your costs. Here are some of the main incentive types to be aware of as you compare your options:
The solar investment tax credit (ITC)
The best incentive for storage is the federal investment tax credit (ITC). This is the exact same ITC that provides a 30% credit on the cost of your solar panel system.
Learn more about ITC eligibility for storage
Demand response programs
Some utility companies incentivize homeowners with batteries to participate in demand response programs. In short, demand response is a way to reduce both stress on the grid and electricity prices. With programs like these, your utility company may pay you for allowing them to draw directly from your battery when electricity demand in your area peaks.
Learn more about demand response
Rebates
Increasingly, states and other governmental organizations have begun offering energy storage rebates–typically paid out as direct cash payments–to encourage the growth of the storage industry. Some manufacturers also offer limited-time rebates and promotions on EnergySage for anyone installing their products through our Marketplace.
Battery incentives in your state
Wondering if there are any lucrative battery incentives in your state? You can read more about the local programs offered in each of these states:
If your state isn’t listed above, that doesn’t necessarily mean there aren’t any battery incentives near you. A quick search on Database of State Incentives for Renewables and Efficiency (DSIRE) can help you confirm if there are any programs available to help you save on your battery purchase.