Solar battery systems are one of the most progressive solutions to conserve energy while earning savings. As you reduce electricity costs, having a back-up power gives peace of mind in case of power outages. To further improve the solar experience of many RI residents, a rebate program emerged. Let’s discuss the ConnectedSolutions Battery Demand program and how you can save as you participate in this program.
What is ConnectedSolutions Battery Demand Rebate Program?
National Grid unveiled the ConnectedSolutions Battery Demand Rebate Program to Rhode Island residents to reimburse them for utilizing solar batteries. They only need to let their utility providers draw surplus energy from the battery during periods of demand.
ConnectedSolutions program aims to balance-out electricity grids to prevent having to turn to expensive “peaker plantations.” When utilities turn to peaker plants to obtain sufficient energy during peak demand, the electricity costs surge. Additionally, these plants can be harmful to the environment, for they emit greenhouse gases that can pollute our natural resources.
Nevertheless, participating in this program allows you to earn savings and then save the environment all at once. Install their partnering integrators such as Tesla, Generac, Outback, SolarEdge, and Tesla.
How it Works
Rhode Island consumers can begin receiving rebates which can help payback some of the upfront costs of purchasing solar battery systems with this program. For instance, you have to spend at least $20,0000 to install promising models of Tesla Powerwall.. Many people can be scared off when they see these numbers. However, you won’t have to worry, for the ConnectedSolutions program has got your back.
The incentive structure of the program can provide annual rebates that go around $1,500 on average. These rebates are provided over five years, offering enough return of investment from your initial expenses. While you reduce your electricity costs, you also earn up to $7,500 in 5 years of your participation.
It is important to note that the amount that you earn boils down on your battery performance. However, this approximation guarantees that you can save much of your initial investment in installing the battery storage system.
How to Join
The ConnectedSolutions Program doesn’t require much work on your end to get started. The affiliated inverter companies can help manage all the paperwork for you. If you work with Tesla to join, they take an annual fee from 20% of the incentive you receive. However, you have more chances to increased earnings when you install more than one Powerwall model. Other providers like Generac won’t charge any fees.
That said, the perfect time to install a solar battery to qualify for the ConnectedSolutions Program is now. The applications for the summer incentives need to be settled before June 30 to receive all incentives. You can apply later than that, but you can expect the energy performance to be set to zero. This is for the discharge events you missed.
