With extreme weather becoming more frequent in Connecticut, having a reliable power source during outages is essential for safety, comfort, and peace of mind. A battery storage system not only ensures your home stays powered but also offers a cleaner, quieter alternative to traditional generators. The Connecticut Green Bank’s Energy Storage Solutions program makes it easier and more affordable to get started.
Why Choose Battery Storage?
Battery storage systems are an excellent choice for anyone looking to safeguard their home during power outages. Unlike fossil fuel generators, batteries provide a clean, quiet, and reliable backup power source. They keep your lights on and essential devices like refrigerators and medical equipment running when the grid goes down. When paired with solar panels, your battery can recharge using solar energy, giving you greater control and ensuring continuous power even during widespread outages.
Incentives to Save You Money
The Energy Storage Solutions program offers substantial incentives to help you reduce the cost of installing a battery storage system:
Upfront Incentives
You can receive up to $16,000 off your battery’s cost by agreeing to allow your battery to help reduce your home’s energy demand during peak periods. This makes the initial investment much more manageable.
Performance Incentives
In addition to upfront savings, you can earn performance-based incentives over 10 years. These are paid twice a year and are based on how effectively your battery helps manage energy during peak summer and winter days.
Enhanced Benefits for Distressed Municipalities
If you live in one of Connecticut’s distressed municipalities, you could qualify for even higher incentives. For example, residents in these areas can save over $10,000 through a combination of upfront and performance incentives.
Who Qualifies?
Most Connecticut homeowners are eligible for these incentives. Here are the current 2023 distressed municipalities included:
- Ansonia
- Bridgeport
- Chaplin
- Derby
- East Hartford
- East Haven
- Griswold
- Hartford
- Lisbon
- Mansfield
- Meriden
- Montville
- New Britain
- New London
- Norwich
- Plymouth
- Putnam
- Sprague
- Sterling
- Torrington
- Voluntown
- Waterbury
- West Haven
- Winchester
- Windham
Formerly distressed municipalities with eligibility remaining:
- Enfield: Ends on 8/6/2024
- Killingly: Ends on 9/16/2025
- Naugatuck: Ends on 9/16/2025
- New Haven: Ends on 9/10/2026
- Preston: Ends on 9/10/2026
- Stratford: Ends on 10/3/2027
- Bristol: Ends on 10/4/2028
- Groton: Ends on 10/4/2028
- North Stonington: Ends on 10/4/2028
- Plainfield: Ends on 10/4/2028
Data Sources: American Community Survey (5-yr estimates) 2011 and 2021, Census 2010 and Census 2020, CT Dept. of Labor, CT. Dept. of Education
The program also offers additional benefits for:
- Low-Income Households: If your income qualifies, you may receive extra incentives.
- Underserved Communities: Residents in certain communities may be eligible for additional financial support.
- Grid-Edge Locations: Homes in specific areas close to the grid’s edge can also receive enhanced incentives.
Getting Started
1. Choose a Qualified Contractor: Start by selecting an approved contractor to install your battery system. It’s wise to get a few quotes to ensure you’re getting the best deal.
2. Install Your Battery: Once installed, your battery will be ready to provide backup power during outages. The system will also contribute to reducing peak energy demand during high-stress periods on the grid.
3. Receive Your Incentives: After installation, you’ll receive upfront discounts on your battery purchase and ongoing performance payments based on your system’s contributions to grid stability.
Secure Your Home’s Power
By investing in a battery storage system through Shedd Energy and taking advantage of the Connecticut Green Bank’s Energy Storage Solutions program, you can protect your home during power outages, reduce your environmental impact, and save money.
Now is the perfect time to enhance your home’s energy security with cleaner, more reliable power. Contact Shedd Energy for more information on how to apply.