![](https://blog.energytrust.org/wp-content/uploads/2024/07/ClackamasCommColl_Harmony_114.png)
Energy Trust is offering new and increased incentives to make it easier for businesses to go solar and also add smart battery storage.
Installing solar is a proven way for a business to save on energy costs and reduce their carbon footprint. Adding battery storage allows solar to do even more by ensuring emergency backup during power outages.
Recent incentive changes are making it easier for solar or solar + storage projects to pencil out:
Incentive | Amount |
---|---|
INCREASED Solar Development Assistance | Now up to $2,500 |
NEW Battery Storage Development Assistance | Up to $5,000 |
NEW Battery Storage Installation | Up to $15,000 |
Solar Development Assistance and Battery Storage Development Assistance help with initial planning that can determine the potential of a project, often with no or minimal cost to customers.
Stack incentives to reduce costs
All of these incentives can be combined with Energy Trust’s solar installation incentive of up to $15,000.
Here’s how potential incentives can add up if a project qualifies for maximum incentive amounts:
INCENTIVE PACKAGE EXAMPLE | |
---|---|
Solar Development Assistance | $2,500 |
Battery Storage Development Assistance | $5,000 |
Solar Installation Incentive | $15,000 |
Battery Storage Installation Incentive | $15,000 |
TOTAL POTENTIAL SAVINGS | $37,500 |
Additional savings
Energy Trust incentives together with federal tax credits and accelerated depreciation could save up to 50% on project costs.
Also important to note is that increased solar installation incentives are available for tribes, nonprofits and affordable multifamily housing.
Why install battery storage?
There are compelling business reasons to consider installing solar + storage or adding battery storage to existing solar panels:
- Backup power: During power outages, solar + storage increases energy resiliency by providing backup power for essential operations. This will vary depending on the needs of a business and battery storage system size, but it could include backup for things like lighting, cash registers, phone chargers, computers, a refrigerator or a well pump.
- Potential bill savings: Depending on your utility rate plan, you might be able to use stored solar power to manage energy costs.
Learn more about the benefits of solar + storage.
Get started with a free bid
To see how solar + storage could benefit your operations and how it can fit in your budget, request a free analysis and bid.