Last Thursday, California regulators issued a decision modifying the Self Generation Incentive Program (SGIP), a 2001 program which provides incentives for energy storage and behind-the-meter generation. Under the new rules, 75% of the SGIP budget will be allocated to energy storage.
Additionally SGIP will move to a declining block grant incentive system, similar to the California Solar Initiative (CSI), with incentives for most systems starting at US$.50 per watt-hour (Wh) in the first step and declining to $0.30 per Wh in the fifth. Large-scale energy storage projects which receive the federal Investment Tax Credit (ITC) will start at $0.36 per Wh and decline to $0.16 per Wh.
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