Recommended discounts for low-cost home energy storage products

What is the best incentive for solar storage?

The best incentive for storage is the federal investment tax credit (ITC). The exact same ITC that provides a 30 percent credit on the cost of your solar system provides that same benefit to storage systems under certain conditions.

Are there state-level incentives for solar energy storage?

To date, state-level performance incentives for storage have typically been added to solar incentives. Perhaps the best-known state-level storage incentive in the US is California's Self-Generation Incentive Program (SGIP). SGIP provides a dollar per kilowatt ($/kW) rebate for the energy storage installed.

What is a home energy rebate?

The Home Energy Rebates will provide Americans with deep discounts on household upgrade purchases that can lower monthly utility bills. Depending on where you live, you can use the rebates to get discounts on ENERGY STAR appliances, insulation, and much more. States, territories, and Tribes are responsible for running the rebate programs.

Are solar storage systems eligible for a 30 percent credit?

The exact same ITC that provides a 30 percent credit on the cost of your solar system provides that same benefit to storage systems under certain conditions. Due to the Inflation Reduction Act, as of 2023, all residential storage systems over 3 kilowatt-hours (kWh) in size are eligible for the ITC.

Does my home qualify for a home energy eficiency rebate?

If you installed energy-eficient equipment in your home after Aug. 16, 2022, you can reach out to your state to see if your project qualifies for a Home Eficiency Rebate. (You must wait until your Home Eficiency and Appliance Rebates program launches to claim any of its incentives.).

How do solar incentives work?

These incentives typically take one of two forms: an upfront rebate or a performance-based incentive. Rebate programs are exactly what they sound like: states provide a direct cash payment after your battery is installed and connected to the grid. To date, state-level performance incentives for storage have typically been added to solar incentives.