03/29/2024

California Energy Storage Rebates

California continues to pave the way for unique legislation concerning energy infrastructure. A new bill that has already partially passed in the State Senate will authorize rebates for the installation of energy storage systems. The Senate’s energy and utilities committee voted 7-2 in favor of the bill, with two abstentions. Now the full Senate will consider the merits and vote.

SB 700 would require utility companies to collect even more funds from ratepayers to help establish an Energy Storage Initiative, an ESI. This ESI would work in conjunction with the existing Self Generation Incentive Program that has been so successful in California. The ESI would need to be funded through 2027.

View Article