Solar & Battery Regulation & Incentive Programs

NV Energy - Energy Storage Incentive Program

Program Overview


Category:
Financial Incentive
Program Type:
Rebate Program
Implementing Sector:
Utility
State:
Nevada
Eligible Storage Technologies:
Lithium-ion
Website:
https://www.nvenergy.com/cleanenergy/energy-storage
Incentive Amount:
Residential Systems on TOU Rate: $0.22/Wh
Residential Systems on Non-TOU Rate: $0.11/Wh
Commercial Systems 4 kw - 100 kW eligible for ITC: $0.25/Wh
Commercial Systems 4 kw - 100 kW not eligible for ITC: $0.35/Wh
Commercial Systems 100 kw - 1,000 kW Critical Infrastructure eligible for ITC: $0.40/Wh
Commercial Systems 100 kw - 1,000 kW Critical Infrastructure not eligible for ITC: $0.50/Wh
Commercial Systems 100 kw - 1,000 kW Non-Critical Infrastructure eligible for the ITC: $0.30/Wh
Commercial Systems 100 kw - 1,000 kW Non-Critical Infrastructure not eligible for the ITC: $0.40/Wh
Maximum Incentive:
Residential Systems: 50% or $3,000, whichever is less
Commercial Systems 4 kw - 100 kW: 50% or $50,000, whichever is less
Commercial Systems 100 kw - 1,000 kW (Critical Infrastructure): 50% or $400,000, which ever is less
Commercial Systems 100 kw - 1,000 kW (Non-Critical Infrastructure): 50% or $300,000, which ever is less
Eligible System Size:
Residential Systems: 4 kW - 100 kW capacity
Commercial Systems: 4 kW - 1,000 kW capacity
Equipment Requirements:
Systems must be commercially available, UL listed and connected to a net metered system.
Equipment must be new and carry the following warranties: storage device - 10 years, inverter - 7 years, labor - 2 years.
Installation Requirements:
Installers must have an active C‐2 Nevada contractor’s license
Administrator:
NV Energy
Applicable Sectors:
Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Institutional
Utility:
Nevada Power Co, Sierra Pacific Power Co
Last Updated:
04/07/2020

Summary

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.