Navigate the currents of California’s C&I energy storage market, where tailwinds like NEM-3 and ETB’s insightful report meet headwinds such as SGIP sunsetting and ITC stepdown. Dive into the specifics of remaining SGIP funds and project closures, with a last call for commercial storage incentives outlined in ETB’s comprehensive Q2-2022 report.
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The C&I energy storage market in California currently has strong headwinds and tailwinds.
Tailwinds
- NEM-3.
- ETB Sourced Datapoints.
- Rate Inflation, DRAM, Financing.
Headwinds
- SGIP Sunsetting.
- ITC Stepdown.
- ESS Supply Chain.
SGIP Incentives
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There are not a lot of Large-Scale Storage category SGIP funds remaining
- PG&E:$3 of $104.5 : 13% remaining.
- SCE:$O of $95.4 : 0% remaining.
- SDG&E:$5 of $50.5 : 23% remaining.
- SoCal Gas:2 of S28.1:15% remaining.
Project Closing End of Year 2022
A project closing end of this year would likely get a 22% ITC, NEM-3, and no SGIP.
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ETB’s Battery & Energy Storage System -Supply Chain and Pricing Report (Q2–2022)
Last Call for Commercial Storage SGiP incentives.
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Sections of the report:
- COVID Disruptions.
- Raw Materials.
- Electric Vehicles.
- Inflation.
- Shipping and Transportation.
PV+ESS Economics: NEM-2 VS NEM-3 Church 100% Offset
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NEM-3 Run Assumptions:
- SDG&E, DG-R.
- PV system sized to offset 100% of annual consumption.
- 42% of PV reduces imports ($244/kWh value).
- 58% of PV exports to grid ($062/kWh value).
- $92/kW DC PV – Grid Benefits Charge.
