A brand new program in Hawaii will use battery power storage to assist agency the grid after a coal plant is retired in September 2022.
Hawaiian Electric mentioned this week that it’s now accepting functions for Battery Bonus, a brand new program that may pay a money incentive for residential and industrial prospects on O‘ahu so as to add power storage (a battery) to an current or new rooftop photo voltaic system.
The incentive will assist transfer Hawai‘i towards its purpose of 100% clear power by 2045 and add extra renewable sources to the grid within the short-term when the AES coal-fired plant is retired in September 2022.
The program is capped by the Public Utilities Commission (PUC) at a complete 50 megawatts (MW) equipped from storage amongst all members. Incentive funds are:
- $850 per kilowatt (kW) for these accepted for the primary 15MW. (For instance, 5kW would yield a $four,250 cost.) Hawaiian Electric will verify by checking battery information that the system is assembly its dedicated efficiency in this system for the client to obtain the total quantity of incentive.
- $750 per kW for these accepted for the following 15MW.
- $500 per kW for these accepted for the final 20MW.
Applications will likely be accepted by means of June 23, 2023, or till the cap is reached.
Homeowners and companies with an current photo voltaic system enrolled in a buyer power program (corresponding to Net Energy Metering, Customer Grid Supply or others) will proceed to obtain full advantages from these applications. Up to five kW of recent panels could also be added below current applications. There is not any restrict on the dimensions of a person buyer’s battery.
The complete program time period is 10 years. Customers who take part should use and/or export electrical energy saved within the battery on the contracted quantity on a agency two-hour schedule specified by Hawaiian Electric between 6 p.m. to eight:30 p.m. each day (together with weekends and holidays) by means of December 31, 2023. (Example of two-hour interval: 6:05 p.m. to eight:05 p.m.) After that date, prospects may have the choice to transition to this system’s subsequent part to be outlined by the PUC for the remainder of the 10-year time period.
“This one-time supply is a wonderful alternative for brand spanking new or current photo voltaic prospects to benefit from the added advantages of dwelling power storage, assist the grid that serves all prospects and transfer us nearer to our 100% clear power for electrical energy purpose by 2045,” mentioned Yoh Kawanami, Hawaiian Electric co-director of Customer Energy Resources.
Customers should work with a photo voltaic contractor so as to add storage to an current system or set up a brand new solar-plus-storage system. Contractors will have the ability to assist fill out varieties and submit them to Hawaiian Electric. Contractors may additionally reap the benefits of Quick Connect, an current “pre- approval” program that permits prospects who meet sure necessities to put in and energize their methods first and ship Hawaiian Electric data on their system later.
Securing a constructing allow from the City & County Department of Planning and Permitting or proof of allow software is required as a part of the submission and can decide the ultimate incentive quantity.
The solar-plus-storage system proprietor will obtain the inducement. That might be the residential or industrial buyer proudly owning the system or an organization leasing the system to the house owner or enterprise. Customers might finish participation earlier than the 10-year dedication by notifying Hawaiian Electric and repaying a prorated portion of the inducement.
The incentive cost is taken into account revenue. Hawaiian Electric will present members with tax varieties and report data to the IRS and Hawaiʻi Department of Taxation.
Hawaiian Electric expects the Battery Bonus program to speed up renewable power on Oahu and is encouraging prospects to use.
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