National subsidies for solar energy storage

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.

Could subsidies be phased out for new solar projects?

Subsidies could be phased out for all new solar projects, starting with centralised large-scale projects this year. Image: Fotopedia. A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.

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.

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.

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.

Which states have achieved 100% of government building rooftop solar targets?

Notably, Chandigarh and Daman & Diu have achieved 100% of their government building rooftop solar targets, leading the nation in clean energy adoption. States like Rajasthan, Maharashtra, Gujarat, and Tamil Nadu are also performing exceptionally well, contributing significantly to the overall installation figures.