The Connecticut Public Utilities Regulatory Authority (PURA) not too long ago introduced updates to its Energy Storage Solutions program to extend accessibility and adoption by residential prospects within the state. This system offers incentives for the set up of battery storage, and key modifications embrace a rise in upfront incentives and a rise within the most incentive residential prospects can obtain.
Residential prospects can now obtain as much as $16,000 in upfront incentives, a rise from the earlier most incentive of $7,500. For patrons that qualify as low-income, the upfront incentive elevated to $600 per kWh from $400/kWh. For patrons that reside in an underserved group, the upfront incentive was elevated to $300/kWh from $450/kWh.
Different accredited modifications to the Vitality Storage Options program embrace:
- Industrial sector incentive overview: For the industrial sector, which has skilled sturdy demand for the reason that beginning of this system in 2022, venture approvals will probably be paused on June 15, 2024, or earlier if the 100 MW of obtainable capability in Tranche 2 change into totally subscribed, and till a ruling is made in 12 months 4 Choice in Docket 24-08-05. At present, roughly 70 MW of capability stays in Tranche 2.
- Growth of alternative for multifamily property participation: Per the choice, multifamily inexpensive housing properties now qualify for the low-income incentive fee, making it simpler for property homeowners to enter resilient battery backup for his or her tenants.
- Recycling working group: PURA requested that the Inexperienced Financial institution convene and lead a working group of related stakeholders, together with the Dept. of Vitality and Environmental Safety (DEEP) to proactively examine the potential problem of photo voltaic panel and battery waste. Per the choice, “whereas photo voltaic and battery waste aren’t but a prevalent problem in Connecticut, the Authority decided that the event of an answer is required sooner somewhat than later, to make sure state preparedness.”
All Vitality Storage Options program modifications had been made as a part of the Year Three Decision in Docket No. 23-08-05. This system is paid for by electrical ratepayers, overseen by PURA, and administered by the Connecticut Inexperienced Financial Institution, Eversource, and UI.
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