NY Energy Storage Incentive Program

NY Energy Storage Incentive

Supports New York energy storage projects with incentives across residential and large-scale assets.

Eligibility · United States · US-NY

The New York State Energy Storage Program is a NYSERDA incentive program funded through the Clean Energy Fund and authorized under a Public Service Commission order updated in 2024. The program delivers per-kilowatt-hour declining-block incentives structured across three market segments in support of New York's statutory target of 6 gigawatts of total energy storage deployment by 2030. Subsector targets include 200 MW of residential-scale storage, 1,500 MW of commercial and community-scale retail storage, and 3,000 MW of large-scale bulk storage. The program projects lifetime reductions in statewide electric system costs of nearly $2 billion.

Three separate incentive tracks are available: the Residential Storage Incentive for home battery systems, the Retail Storage Incentive for commercial and community-scale projects, and the Bulk Storage Incentive for large-scale installations. Eligibility spans individual homeowners, businesses, nonprofits, universities, municipalities, and developers across all three tiers. Per-kilowatt-hour block rates are established in PSC order documents and maintained on NYSERDA's Energy Storage portal; rates decline as each block's capacity is claimed, so earlier enrollment within a block tier captures higher incentive levels. The Climate Leadership and Community Protection Act mandates that at least 35 percent of program benefits flow to Disadvantaged Communities.

The program operates on a continuous rolling basis without fixed application deadlines. Projects pair the storage incentive with complementary programs — residential systems often combine with NY-Sun solar incentives and federal IRA Investment Tax Credit, while commercial projects may layer the NY Green Bank for construction financing. Applicants should check current block availability and per-kWh rates at the NYSERDA Energy Storage portal before contracting, as rates vary by tier and block position and are subject to change as deployment targets are met.