The comparatively modest maximum annual incentive of $200/kW over 10 years reflects the “private resilience value of residential energy storage systems,” state regulators said.

New Jersey is advancing its energy storage ambitions with a new round of battery solicitation that will seek to procure 150 MW of behind-the-meter residential battery capacity.

The comparatively modest maximum annual incentive of $200/kW over 10 years reflects the “private resilience value of residential energy storage systems,” state regulators said.