New Jersey S225 establishes a pilot program to incentivize the installation of energy storage systems.
New Jersey S225 mandates the Board of Public Utilities to create a pilot program offering monetary incentives for the installation of new energy storage systems. The program includes upfront incentives and performance incentives for owners of customer-sited and front-of-the-meter energy storage systems. The upfront incentive is a one-time payment based on the system's installed capacity, while the performance incentive compensates for grid services provided by the system. The program aims to meet the state's goal of hosting two gigawatts of energy storage capacity by 2030.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.