Source: Center for Sustainable Energy. Based on SGIP applications with the status "Incentive Claim Form Pending Payment", "Payment PBI in Process", or "Payment Completed". Other categories include "Generation", "Residential Storage Equity", and "San Joaquin Valley Residential"
Data last updated on October 14, 2024.
Analysis by CEC Economics
Highlight
- By budget category, small residential storage’s share of rebated storage capacity has increased over time, making up 60% of all storage capacity in 2023. On the other hand, equity resiliency’s share has declined from 50% in 2021 to 28% in 2023. There were declines across budget sectors in 2023, including small residential storage, which fell 28.6% from 2022.82 In total, the rated capacity declined by 36.3% in 2023 from 2022.
82 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.
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