Resources: Incentives and Programs

Incentives and Programs

Energy incentives and demand response programs to help achieve your net zero goals

If we want to shift power generation to cleaner sources, decentralization is key. It’s why federal, state, and local governments have created a vast network of financial incentives and demand response programs to power the shift to distributed energy resources (DERs).

But these incentives can be hard to navigate and complex to understand. In many states and provinces, strong government support for clean energy has created large markets for renewables, which means there are even more incentives to navigate.

We’ve got you covered.

Massachasetts PP-ebook-mockup
Massachusetts
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California

Energy Incentives and Demand Response Programs

Use the buttons below for a quick view of some energy incentives and programs available. For a more in-depth guide to navigating incentives and programs in your state or province, make sure to download our Energy Incentive Guides.

Incentive Highlight Filter

Investment Tax Credit (ITC)

This is a tax credit for commercial and large-scale deployments of solar or solar + storage. The Inflation Reduction Act updated the ITC to include standalone energy storage projects and several other clean energy technologies. Storage projects must be capable of receiving, storing, and delivering electricity and must have a minimum capacity of 5 kWh.

Modified Accelerated Cost Recovery System (MACRS)

Commercial and industrial sites can access this incentive for their battery storage systems, whether they have renewable generation capacity or not. Battery plus renewable systems are eligible for the 5-year depreciation schedule if the battery is charged by a renewable energy system 75% of the time on an annual basis. This is equivalent to an approximate 21% reduction in capital costs.

Clean Peak Energy Standard

Massachusetts was the first state in the US to enact a Clean Peak Standard through the 2018 Act to Advance Clean Energy, and took effect in August 2020. This is a policy mechanism that rewards renewable generation and energy storage systems that contribute to grid resiliency through demand response.

Solar Massachusetts Renewable Target (SMART)

Massachusetts developed the SMART program through the Massachusetts Department of Energy Resources (DOER) to build the solar generating capacity of the state. The program was originally capped at 1,600 MW but recently doubled that to 3,200 MW due to the success of the program.

Energy Conservation Improvements Property Tax Exemption

This incentive is a 15-year tax exemption applied to the increased value of the real property resulting from the development of clean energy projects. This can include lithium-ion battery energy storage equipment and systems, micro-hydroelectric energy systems, fuel cell electric generating systems, and micro-combined heat and power generating equipment systems, solar, wind, and farm waste energy systems.

EV Charging Station Program

National Grid has developed an innovative Charging Station Program to install EV charging stations at minimal or no cost and provide other key incentives for EV charging. At Peak Power, we’re leaders in developing bi-directional Electric Vehicle (EV) charging to have EVs act as mobile batteries. It’s also a terrific way to enhance your portfolio’s brand and future-proof for tenant attraction.

California Electric Vehicle Infrastructure Project (CALeVIP)

The California Electric Vehicle Infrastructure Project (CALeVIP) provides funding for installing publicly available EV charging stations to support the rapid adoption of electric vehicles across California. CALeVIP is a key part of the state’s plan to electrify the transportation sector.

SMUD Commercial Battery Storage Program

Sacramento Municipal Utility District’s (SMUD) Commercial Battery Storage Program targets businesses that are looking to lower their operational costs using battery storage solutions and solar panels. In addition to on-site battery storage solutions, SMUD has a pilot project called Energy StorageShares® allowing for multiple sites to share a battery.

Smart Renewables and Electrification Pathways Program (SREPs)

The Smart Renewables and Electrification Pathways Program (SREPs) provides up to $1.56 billion over eight years for smart renewable energy and electrical grid modernization projects. To compete with the aggressive incentives released in the US as part of the Inflation Reduction Act, the Canadian federal government has announced a recapitalization of the program as part of budget 2023.

Zero Emission Vehicle Infrastructure Program (ZEVIP)

Peak Power is a proud recipient of ZEVIP funding in the amount of $1.6 million to deploy over 100 electric vehicle chargers in Ontario.  The Zero Emission Vehicle Infrastructure Program (ZEVIP) is a $680 million initiative ending in 2027 and its objective is to address the lack of charging and refuelling stations in Canada.

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