The Ultimate Connecticut Homeowner’s Guide to Home Battery Backup System Incentives
Now is the time to take advantage of the best incentives in the country
Why is the state of Connecticut offering you so much money to be prepared and be able to keep the lights on? And how can you take full advantage of the best incentives in the country while they last?
With power outages becoming increasingly common, ensuring a reliable power source for your home is essential. Home generators have long been the only solution, but now battery backup systems, like the FranklinWH or Telsa Powerwall 3’s, are giving homeowners a more sustainable option, with none of the hidden costs. Connecticut is currently offering substantial incentives for homeowners to install one of these battery backup systems, making now the perfect time to invest. This guide will walk you through everything you need to know about battery backup systems, the current incentives available, and how to maximize your savings.
Why Connecticut is Offering These Incentives
The reality is, Connecticut’s energy grid is now over 100 years old and faces significant challenges, especially during extreme weather events, but also during peak energy delivery hours. By encouraging homeowners to install battery backup systems, the state aims to:
Enhance grid stability and resilience
Reduce reliance on fossil fuels
Promote the adoption of renewable energy sources
Somewhat surprisingly, the utility companies are very much on board with this, and are actually paying homeowners thousands of dollars in order to access their batteries, but more on that later.
Understanding the Incentives
Connecticut offers several incentives to make battery backup systems more affordable:
Upfront State Rebate (22-50%): Homeowners can receive an immediate discount on the purchase price of their battery backup system. The exact discount depends on various factors:
System Size: This is pretty simple, you’ll get a bigger rebate if you install at least two batteries. In fact, it doesn’t really make any financial sense to ever only install one battery given the incentives available. Each battery is 13.6KW and for the average home two of these batteries is ideal and makes it comparable to a top of the line home generator.
You’re LMI, which is low to moderate Income. This just means that your household income is 60% or less of the SMI (State Median Income). Click here to see whether or not you qualify as LMI.
Your city/town is on the state’s list of Distressed Municipalities. Check here to find out if your town is on the list.
Your home is considered “Grid Edge”. What does that even mean? Basically, this just means that it costs more to deliver power to you, you’re more likely to experience outages, and when you do it will likely take longer to get power back. Meaning you’re the perfect candidate for batteries, and solar for that matter. Look up your address on this map to find out if you’re grid edge.
Federal Tax Credit (30%): The federal government provides a tax credit covering 30% of the cost of your battery backup system, further reducing the financial burden.
Utility Dispatch Program: Through this program, the utility company pays homeowners to discharge their battery’s power during peak hours. This not only helps stabilize the grid but also provides homeowners with additional income. In fact, most homeowners participating in the program make over $1,000 a year in passive income from the utility companies. Hard to believe? Read this article from Eversource.
Steps to Qualify for Maximum Incentives
To qualify for the maximum incentives, follow these steps:
Choose a Qualified Installer: Ensure your installer is approved by the Connecticut Green Bank or other relevant authorities.
Select Eligible Equipment: Only certain battery backup systems qualify for the incentives. Right now, FranklinWH batteries are your best bet in CT. More on why they are a great choice below.
Complete the Necessary Paperwork: Submit all required documentation, including proof of purchase and installation, to the appropriate agencies.
Enroll in the Active Dispatch Program: Sign up for the program through your utility company to start earning payments.
Why Franklin Batteries are a Great Investment
Franklin batteries are an excellent choice for homeowners looking to invest in a reliable power solution, and here’s why:
Seamless Integration with Solar Arrays: If you have solar, your Franklin batteries get tied in and are charged by your panels so that when the power goes out they’ll take over. What’s really great about pairing batteries with solar is that your batteries will allow your solar panels to continue producing power during outages, charging your batteries during daylight hours, enabling you to keep the lights on during prolonged outages.
No Gas or Maintenance Required: We all know the hidden costs and headaches of traditional generators. These Franklin batteries don’t rely on gas and require minimal maintenance, making your life so much simpler.
12-Year Warranty: Enjoy peace of mind with a long-term warranty that ensures your investment is protected.
Act Now: Limited Time Incentives
Connecticut’s generous incentives won’t last forever. With 36% of the 10MW state program already utilized, it’s crucial to act quickly. Experts predict these incentives will be scaled back within the next year, so there’s no better time to secure your home’s power future.
Conclusion
Investing in a battery backup system not only provides security and peace of mind but also contributes to a more resilient and sustainable energy grid. With Connecticut’s current incentives, installing a battery backup system has never been more affordable. Act now to take full advantage of these offers and protect your home from power outages.
By following this guide, you can make an informed decision about installing a battery backup system and ensure you receive the maximum benefits available. Don’t wait—start your journey to a more secure and energy-efficient home today.