California Senate committee clears bill for new energy storage rebate program
California is the nation’s largest energy storage market, in large part because the state has mandated its adoption among utilities and incentivized deployment for end users.
Last year the state passed four bills aimed at encouraging storage. But the state was still missing incentives to pair storage with solar power installations outside of the complex Self Generation Incentive Program (SGIP), which to date has been used mostly to deploy C&I storage assets.
SB 700 would address that lack, establishing a new energy storage rebate program that would incentivize the adoption of solar-plus-storage systems by working in tandem with the SGIP and the California Solar Initiative, which provides rebates for standalone BTM solar installations.
Under the bill, storage systems eligible for rebates under the SGIP would be transferred to the ESI program, along with utility funding for the SGIP.