How long does it take to get back the money from electricity storage

Depending on the rebates and incentives available, your electricity rate plan, and the cost of installing storage, you can expect a range of energy storage payback periods. The CPUC’s Self-Generation Incentive Program (SGIP) offers rebates for installing energy storage technology at both residential and non-residential facilities. These storage technologies include battery storage systems that can function during a power outage. However, in some states, the payback period can be as short as five years or as long as 15. In this comprehensive guide, you’ll discover exactly how the process works, which states offer the best.