Photo: Enel X North America
T he solar industry has experienced annual average growth rate of 50%, attributed to a price drop of more than 70% and the stability of the Investment Tax Credit (ITC). With growth and affordability comes expansion and innovation. A prime example is battery storage—an early accessory for off-grid solar customers—which has evolved to become the solution to many of our energy-dependent societal challenges. After all, distributed generation (DG) photovoltaic (PV) solar and storage have a natural, symbiotic relationship. Together, they help energy consumers meet our increasing demands for energy, aid our nation’s aging grid and achieve aggressive clean energy targets. rapid growth over the past decade. Wood Mackenzie (WoodMac) reports an Solar + storage makes good economic sense for utility-scale solar. However, for DG PV, viable methods of monetizing DG PV + storage have remained elusive. Incentives for DG solar development have originated from state-funded programs, most notably in New York, Massachusetts and California, which have opened the solar + storage market to DG solar developers. However, much of the growth still lies with utilities. Progressive states with model storage incentives have realized the enormous potential for DG PV + storage to boost, complement and supplement utility storage projects to the ultimate benefit of taxpayers.
In this eBook we’ll explain why DG PV + storage is beneficial, cover current compensation models, and examine possibilities for a standard system of compensation—one that will help developers determine the overall cost of installing systems that include storage, adding that much-needed level of certainty.
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