NV Energy - Energy Storage Incentive Program

Program NV Energy - Energy Storage Incentive Program
Category Financial Incentive
Implementing sector Utility
Last Update
State Nevada
Administrator NV Energy
Website https://www.nvenergy.com/cleanenergy/energy-storage
Sectors Residential

NV Energy is providing incentives for its customers to install energy storage systems at their homes and facilities.  To be eligible, customers must either have previously installed a renewable energy system or are currently installing one alongside their energy storage system. Standalone energy storage systems are not eligible. 

Residential energy storage systems must have a capacity between 4 kW and 100 kW. There are two incentive levels depending the customer's rate schedule. Customers on a time-of-use rate schedule can receive an incentive of $0.22 per watt-hour. Customers not on a time-of-use rate schedule can receive an incentive of $0.11 per watt-hour. Incentives are capped at $3,000 per premise or 50% of the equipment cost, whichever is less.

Commercial energy storage systems must have a capacity between 4 kW and 1,000 kW. For system between 4 kW and 100 kW, there are two incentive levels depending the customer's rate schedule. Customers on a time-of-use rate schedule can receive an incentive of $0.15 per watt-hour. Customers not on a time-of-use rate schedule can receive an incentive of $0.08 per watt-hour.  For systems between 100 kW and 1,000 kW, there are also two incentive levels. Customers with critical infrastructure, can receive a rebate of $0.40 per watt-hour, up to 50% of the equipment cost or $300,000, whichever is less. Customers without critical infrastructure can receive a rebate of $0.30 per watt-hour, up to 50% of the equipment cost or $200,000, whichever is less. 

All incentive levels will step down over time as certain budget thresholds are met. See website for current rebate amounts. 

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