State Incentives for Energy Storage

What’s happening? CT will offer incentives to residential and business customers who install energy storage as part of its Equitable Modern Grid Initiative. The goal is 1000 MW of storage statewide by 2030.

Why is this important? Every market is tackling energy storage differently. Incentives aren’t common, but times change. Residential incentives will be up to 50MW and 7500 and business incentives will $225 tp $270 KWHr for up to 50MW through 2024.

How will this be important? 8 states have storage goals: CT, NY, NJ, CA, NV, MA, OR, VA.

Utility Dive | Connecticut Details Incentives