Several states have taken action to assist homeowners in purchasing battery storage systems with their solar installations in addition to the federal tax credit. You may use these discounts with the federal tax credit to bring the entire cost of battery ownership down to a highly reasonable level. 

Self-Generation Incentive Program in California (SGIP) 

Golden State households can receive refunds when they install solar batteries according to the SGIP battery rebate program. The state launched the initiative in 2018 in response to the need for energy storage devices in areas prone to fires and regularly experiencing power outages from utility providers.

Per kilowatt-hour of storage, the program now pays incentives ranging between $150 and $1,000. The various amounts vary depending on the qualifying criteria, with bigger refunds given to low-income consumers who reside in locations that are more prone to fire. These homeowners are eligible for a rebate incentive for “equity resilience.” 

Program for Hawaii (Oahu) Battery Bonuses 

Customers of Hawaii Electric Company (HECO) in Oahu can enroll in the Battery Bonus Program, which entitles them to receive refunds in return for committing a portion of their battery capacity to daily use during peak hours.

Following the initiative, HECO customers get compensated $850 for each kW of electricity (up to a maximum of 5 kW) they agree to supply to the grid for two hours daily between 6 and 8:30 pm. In addition, a $5 per kW continuous monthly incentive is paid as a bill credit. Finally, the state will compensate consumers not enrolled in HECO’s net metering program at the appropriate retail rate for whatever power their battery provides to the grid.

Maryland tax credit for energy storage

Currently, Maryland is offering a significant tax credit that you may use in conjunction with the federal tax credit to significantly increase your savings on a home battery. The maximum installation cost reimbursement under this scheme is 30% or up to $5,000 for homes and $150,000 for companies.

Maryland does not mandate solar energy for battery charging. Therefore you may use this tax credit in addition to the federal one. Furthermore, Maryland permits homeowners to claim the credit for all associated expenditures with the battery, including labor, sales tax, and additional equipment required to connect it to the home. This is excellent news for everyone.

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