Energy Storage Benefits
Save Money
An energy storage system allows an organization to reduce their peak electrical consumption thereby lowering their demand-based charges that make up more than half of their electricity costs
Make Money
Sell power to the grid operator through lucrative Demand Response programs available nation-wide when demand outpaces the grid’s ability to supply it
State & Federal Incentives
Benefit from federal and local tax credits, rebates, and property tax abatements
Resiliency
Under certain configurations, energy storage can be incorporated into a resiliency plan to provide backup power in the event of a loss of grid power
Access to a Real-Time Energy Management System
An energy storage system solution is only as valuable as its actual operation allows. Our energy storage systems come with access to an Energy Management System (EMS) that optimizes the ESS decision-making process in real-time to execute on the project’s operating plan. Using machine-learning and AI technology, the EMS balances all the project variables including the local site’s energy needs, market prices, grid services commitments, battery safety and degradation needs to deliver the best results. The EMS and its front-end dashboard will become an essential tool to achieve the ESS project goals and maximize ROI.
Flexible financing options
174 Power Global offers a variety of methods to generate and store solar energy for our consumer and industrial partners. All of these options offer stabilized energy rates and a natural hedge against fluctuating wholesale energy prices.
- Term Length of 25+ Years
- Term Length of 7-10 Years; then ownership
- Term Length of 20 Years
- Maintenance plans available
- Shared responsibility
- No maintenance
- Best ROI
- Stabilized Energy Costs
- Federal Income Tax Credit (ITC)
- 5-year (MACRS) accelerated depreciation
- Local Rebates
- Better ROI
- Stabilized Energy Costs
- No Money Down
- Tax Credit & depreciation monetization
- Stable ROI
- Stabilized source of revenue
- No money down
- Turn unused land into a fixed income
Beyond bill savings and rate optimization, an ESS can also unlock additional revenue from regional programs. Check out a summary of some of the most notable incentives by state below.
Check Out Incentives By State
New York State has one of the most ambitious solar programs in the country. Currently the state utilizes net metering as the main mechanism to earn value with solar. Net metering is a one for one credit for every kWh of electricity your solar system produces, meaning the utility credits you what they would have charged you. Given New York State’s high cost of electricity with respect to other states net metering is particularly valuable. New York also has state and utility based incentives for solar in addition to federal incentives.
See More Information About New York Incentives Here.
Massachusetts has a robust solar program. In addition to traditional net-metering, which is a one for one credit for every kilowatt-hour (kWh) of electricity your solar system produces, Massachusetts established the Solar Massachusetts Renewable Target (SMART) program. The SMART program adds value on top the retail rate of electricity for every kWh your solar system produces. Massachusetts also has state and federal tax incentives for solar.
See More Information About Massachusetts Incentives Here.