California SGIP Program Provides incentives for batteries
TerraVerde is providing regular updates on the status and funding availability for commercial-scale battery projects. The California’s Self-Generation Incentive Program (SGIP), depending on location of the project and type of facility, can cover between 30-100% of the costs of a battery energy storage project. However, given the rich incentive levels, and the increased demand for energy storage, the funding available for these incentives is moving quickly. The available incentives programs are dependent on energy providers and include the Base Incentive for IOU customers, Resiliency Adder for IOU/CCA customers and in High Fire Threat Districts and the Equity Resiliency for IOU/CCA HFTD’s customers serving disadvantaged communities.