![]() ![]() ![]() In the summer of 2016, San Diego Gas & Electric became the first CA utility to implement net metering 2.0. In early 2016, California approved net metering 2.0, requiring all new solar homeowners to switch to time-of-use (TOU) rates. However, the state is implementing a few changes to net metering that will make a battery more valuable for homeowners. Under California's original net metering policy, homeowners receive bill credits equal to the price they pay for electricity for every kWh of extra solar power they send back onto the grid. Installing a home battery allows you to store your excess solar power at home instead of feeding it back into the grid.įeeding excess power into the electric grid is an easy way to balance out your daily electricity production and use. Home energy storage offers many benefits, particularly if you have a solar panel system on your roof. In most cases, the Powerwall is also eligible for the federal investment tax credit (ITC), which reduces prices by a further 26 percent. When you combine the SGIP incentive and federal ITC, you can expect to reduce your costs by more than half. These can add another $3,000-$4,000 to installed costs, depending on the characteristics of your personal installation. However, their estimates do not include electrical upgrades (if necessary), taxes, permit fees, or any retailer/connection charges that may apply. Tesla estimates that supporting hardware costs $1,100, and installation costs $800 to $2,000. )Īdditional costs are associated with installing a Powerwall, including other hardware, shipping, installation, and taxes. You can check the current value of the incentive at the SGIP Program Metrics dashboard. (Note that this incentive value changes as more energy storage projects are installed in California. That's enough to cover a significant portion of the purchase of the Powerwall equipment, which is priced at $6,700. Under SGIP step 6, you're eligible for an incentive rate of $200/kWh, worth $2,700. The second-generation Tesla Powerwall has a 13.5 kWh capacity. How much could you save on a Tesla Powerwall with SGIP? ![]() The value of the per-kWh incentive depends on the battery size you purchase and will be reduced as more batteries are installed in the Golden State, so it pays to be an "early adopter" of home batteries. That's enough to cover the majority of your battery costs. Luckily for homeowners with energy storage in California, the program has made changes to promote major incentives for CA home batteries.įirst and most importantly, homeowners who are either PG&E, SCE, SCG, or SDG&E customers will be eligible for an incentive as high as $200 per kilowatt-hour (kWh) when they install a home battery. The program funds became available on a specific day, and the vast majority were taken very quickly by industrial-sized energy storage projects, leaving nothing left for homeowners interested in small home batteries. Until recently, applying for a home battery rebate through SGIP was difficult, particularly for residential customers. SGIP supports various "behind the meter" technologies installed at your home or business, including energy storage, fuel cells, and combined heat and power generators. The California energy storage rebate program, technically referred to as the Self-Generation Incentive Program (SGIP), was established back in 2001. ![]()
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