Source: California Public Utilities Commission. Based on SGIP applications with the status "Incentive Claim Form Pending Payment", "Payment PBI in Process", or "Payment Completed". Data last updated on August 14,2023. Analysis by Beacon Economics
  • 2022 saw declines across most budget sectors, including small residential storage.140 In total, the rated capacity declined by 65.8 percent in 2022 from 2021. However, the state did increase its residential storage equity capacity by 18.8 percent compared to 2021 (105.7 KWh in 2022 versus 89.0 KWh one years prior).

140 The General Market budget covers the bulk of the consumer market from small-scale residential to large-scale commercial energy storage projects. Projects are based on storage system size and sector. The Equity budget category was created to help make energy storage solutions more affordable for low-income, indigenous and underrepresented communities. The Equity Resiliency budget provides incentives for residential and nonresidential storage systems for low-income, vulnerable customers in High Fire-Threat Districts and those impacted by Public Safety Power Shutoff events.