The most exciting government incentive that still exists for storage is the Self-Generation Incentive Program (SGIP), which is a direct cash rebate program that pays property owners up to thousands of dollars depending on the size of their storage system. It is structured similar to the solar rebate program that was so popular with property owners before it ran out of money several years ago. Like the solar rebate program, SGIP has been funded with a limited amount of money, and it is distributed on a first come, first served basis. When the fund runs out of money, its over. Also, like the solar rebate program it was designed in a declining step format, so that the earliest adopters get paid the highest amount of money. Unlike the solar rebate program that was set up with 10 declining steps, the SGIP program was only set up with 5 declining steps. SGIP is currently in its 5th and final step for residential properties, and in its 3rd step for non-residential, so there is not much time left to capture this important incentive before it ends, especially for residential properties.
Additionally, battery storage can be eligible for up to the full 26% federal tax credit (ITC) if your storage system is installed before December 31, 2020, and it is charged by a renewable energy source such as your solar system. Taken together, these important incentives could pay for up to half of the cost of your storage system depending on its size. We encourage property owners to act expeditiously to take advantage of any remaining incentives before they are gone. Click here to have a 180 Solar Power expert calculate your government incentives. Click here to have a 180 Solar Power expert provide you with a free quote.