Northeast Three Photovoltaic Energy Storage Policy

Does state energy storage policy support decarbonization?

The report highlights best practices, identifies barriers, and underscores the urgent need to expand state energy storage policymaking to support decarbonization in the US. This report and webinar were developed on behalf of the Energy Storage Technology Advancement Partnership (ESTAP).

What are the different types of energy storage policy?

Approximately 16 states have adopted some form of energy storage policy, which broadly fall into the following categories: procurement targets, regulatory adaption, demonstration programs, financial incentives, and consumer protections. Below we give an overview of each of these energy storage policy categories.

How effective is energy storage policymaking?

Yet the most effective approaches to energy storage policymaking are far from clear. This report, published jointly by Sandia National Laboratories and the Clean Energy States Alliance, summarizes findings from a 2022 survey of states leading in decarbonization goals and programs.

Does Maryland offer a state tax credit for energy storage?

In 2022, Maryland became the first state to offer state income tax credit for energy storage that provides up to $5,000 for residential customers and up to $75,000 for commercial and industrial customers, subject to a program total of $750,000 per year.

How are battery energy storage resources developing?

For the most part, battery energy storage resources have been developing in states that have adopted some form of incentive for development, including through utility procurements, the adoption of favorable regulations, or the engagement of demonstration projects.

Why should PV power plants be integrated with the electric grid?

These solutions will enable widespread sustainable deployment of reliable PV generation and provide for successful integration of PV power plants with the electric grid at the system levelized cost of energy (LCOE) of less than 14 cent per KWh.