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 on whether or not the customer is eligible for the federal investment tax credit (ITC). Customers eligible for the ITC can receive an incentive of $0.25 per watt-hour. Customers not eligible for the ITC can receive an incentive of $0.35 per watt-hour.  For systems between 100 kW and 1,000 kW, there are four incentive levels. Customers with critical infrastructure, who are eligible for the ITC can receive a rebate of $0.40 per watt-hour, and critical infrastructure not eligible for the ITC can receive $0.50. Non-critical infrastructure eligible for the ITC can receive $0.30 per watt-hour, and non-critical infrastructure not eligible for the ITC can receive $0.40. Incentives are limited to the lesser of 50% of the installed cost, or $300,000 for non-critical infrastructure or $400,000 for critical infrastructure. 

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

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