The topic of energy independence has made its way into more and more conversations lately - with recent unexpected power outages in both New York and nearby Rhode Island leaving thousands stranded and sweating in their darkened homes. If you have done any research into energy independence, you may already know about solar plus storage, solar batteries or even Tesla Powerwall. But did you know that battery storage now qualifies for lucrative utility incentives, rewarding you for reducing your energy load on the power grid?
Incentives For Massachusetts National Grid Customers
If you pay your power bill to National Grid here in Massachusetts, this incentive is for you. National Grid partnered with the Massachusetts’ Clean Energy Center (MassCEC) to sponsor this solar battery storage incentive program for residential and business customers. The goal of this incentive is to reward customers that reduce their grid provided energy usage (especially during peak demand times). How can this happen, you might ask? Let’s review what solar plus storage really is.
There’s Solar PV And Then There’s Solar Plus Storage
It is commonly misunderstood that by installing a solar photovoltaic (PV) system in your home, you will no longer be connected to the grid. Unfortunately, this is not true. Solar PV systems are required to be connected to your electricity grid and to your electric meter. This means that when there is an unexpected power outage from a falling tree, a large storm or an aging power grid, your home will still lose power. But with solar plus storage, a battery storage system, like Tesla Powerwall, is installed “behind-the-meter”. This battery storage system saves any excess energy that your solar PV system produces, for use overnight or during an outage. There are many advantages to solar plus storage systems, such as:
Complete energy independence
No more unexpected power outages
Little-to-no electricity bill
Valuable financial incentives
How The “Connected Solutions” Program Works
This Massachusetts energy efficiency incentive is based on a five year timeline from when you sign the incentive contract and pays out twice a year. These payouts are based on the summer and winter seasons, and compensation rates will change based on the season and your system’s demand response.
According to National Grid and the Connected Solutions program, “Demand response is when participating customers reduce their electricity usage to help lower the demand for electricity at critical times – during peak periods when energy use is at its highest.“
Demand response is measured during what is called a discharge event, which is, in essence, is a high demand period that lasts 2 to 3 hours. Connected Solutions customers will be compensated on a per kilowatt basis, based on the average output of their solar plus storage system during those discharge events. Compensation rates are $225 per kWh in the Summer when demand is higher and $50 per kWh in the winter.
We broke down the numbers on how much you might be able to expect from your Connected Solutions payouts in a recent blog on battery storage with hundreds of dollars available in payouts!
With all these savings now on the table for you to take advantage of over the next five years, you can greatly reduce the payback period of your solar plus storage system. And after that, you can sit back and enjoy not having to pay an energy bill, and the peace of mind that comes from knowing you’ll be able to keep the lights on during a power outage!
Boston Solar: Now Installing Tesla Powerwall
As the number one Massachusetts based solar installer, it was a no brainer for us to install Tesla Powerwall for homeowners all over the state. This is the most well known solar plus storage system available and can be discreetly installed in tandem with your solar panel system so you have access to all of the renewable energy your solar PV system produces throughout the day. In Massachusetts, Tesla Powerwall is installed inside your home - not on any exteriors.
If you are looking to take advantage of the Connected Solutions battery storage incentive, SMART and the Federal Investment Tax Credit get in touch with Boston Solar. We can answer all of your questions on how to claim these incentives and tax credits and even help you to understand the HEAT loan, which allows you to finance the battery storage portion of your solar installation at zero interest over seven years (sponsored by the MassSave program).
Solar Plus Storage keeps the lights “on”, and your energy bill “off”. Learn more about Tesla Powerwall and solar battery storage by calling Boston Solar. Schedule your free solar quote by calling 617-858-1645 or you can contact us.