How much subsidy is provided for new energy storage projects?
New energy storage projects receive a range of subsidies based on regional and national policies, typically in the form of grants, tax credits, and performance-based incentives.
The Residential Energy Storage Incentives are available for contractors' installing storage on a new or existing home in New York State. Incentives are available for up to 25 kWh of storage capacity. The Program Manual [PDF] provides a full list of project eligibility and requirements.
The Program Manual [PDF] provides a full list of project eligibility and requirements. For battery storage systems above five MW of AC power, projects could be eligible for incentives through the Bulk Energy Storage Program. Additional details on both the Residential and Retail Energy Storage Incentive are available in the program manual [PDF].
NYSERDA's Residential and Retail Energy Storage Incentives are structured as fixed-rate incentives based on the storage systems capacity, measured in kilowatt hours (kWh). These incentives are available on a first-come, first-served basis.
The program breaks out incentives geographically by sector and region in the Megawatt hour (MWh) Block Dashboards. Incentive details will be available on the Residential Energy Storage Incentive Dashboard and Retail Energy Storage Incentive Dashboard.
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