Residential and Retail Energy Storage Market Acceleration Incentives Programs

The Residential and Retail Energy Storage Market Acceleration Incentives Program provides financial incentives for the installation of new grid-connected distributed residential and nonresidential energy storage systems by participating contractors. Incentives are structured as fixed-rate incentives per kWh of system energy capacity, available on a standard offer first-come, first-served basis. Storage systems may be standalone or paired with new or existing clean on-site generation like solar, fuel cells, or combined heat and power. The Residential Energy Storage Incentive is available for New York State residents installing grid-connected energy storage on new or existing homes, with incentives available for up to 25 kWh of storage capacity. The Retail Energy Storage Incentive is available for projects up to 5 megawatts (MW). Projects must be new, permanent, and stationary. Commercially-available chemical, thermal, and mechanical technologies are eligible. Energy storage projects may be located behind a customer's electric meter or interconnected directly to the distribution network. Retail projects must provide value to a customer under an investor-owned utility or New York State Independent System Operator (NYISO) tariff, such as offsetting demand charges, receiving compensation under New York State's value of distributed energy resources (VDER) tariff, or participating in NYISO's DER & Aggregation Participation Model.