MECO will pay customers to install batteries! Owning a solar battery just got better.
The program provides a ‘mail-in rebate’ of $850 for every 5 kilowatts of battery capacity installed by customers – either by adding to existing Net Metered or Customer Grid Supply systems or entirely new Customer Grid Supply systems. For example, a 5kW battery like the Tesla Powerwall 2 will earn a rebate of 5 x $850 = $4,250 per battery enrolled.
Battery Bonus applications will be accepted from Maui customers through June 30, 2024, or until the cap is reached.
Learn More About the Program
Customer Benefits for enrolling in Battery Bonus
Maui solar customers received some excellent news today with the announcement that Hawaiian Electric Company (HECO) has launched its Battery Bonus program on the Valley Isle.
Customers who sign up for the program will be asked to send energy from their batteries to the utility grid on a daily basis between 6-8.30 pm to help HECO prepare for the future retirement of the Kahului Power Plant. Additional battery storage will also help ensure the continued reliability of electrical supply if four generating units at the Maalaea Generating Station are retired early due to a limited supply of parts.
The program provides a ‘mail-in rebate’ of $850 for every 5 kilowatts of battery capacity installed by customers – either by adding to existing Net Metered or Customer Grid Supply systems or entirely new Customer Grid Supply systems. For example, a 5kW battery like the Tesla Powerwall 2 will earn a rebate of 5 x $850 = $4,250 per battery enrolled.
The 15-megawatt program is offered on a first come first serve basis to both residential and commercial solar customers. The 15MW capacity is roughly enough for 3,000 homes to enroll 1 Tesla Powerwall into the program. Of course, the more batteries each customer enrolls, the faster the program will fill up.
Get in touch today to take advantage of this excellent new option!
FAQs
1. What is Battery Bonus?
2. How much is the incentive?
$850 per(kW) for those accepted in the first 15 megawatts (MW)
(For example, 5kw would yield a $4,250 bonus) Hawaiian Electric will confirm by checking battery data that the system is meeting its committed performance in the program for the customer to receive the full amount of the incentive.
$750 per kW for the next 15 MW.
$500 per kW for the last 20MW.
The program is capped at 50MW for all customers.
3. How Do I Know if I am eligible?
Battery Bonus is available to new and existing residential and commercial customers with rooftop solar and a battery storage system from on-site solar generation under Maui Electric’s Net Energy Metering, Customer Self-Supply, Customer Grid-Supply, Customer Grid Supply Plus, Smart Export, or Standard Interconnection Agreement programs.
4. What is my commitment period?
Customers may end participation before the 10-year commitment with a 60-day written notice to Hawaiian Electric and must repay a prorated portion of the incentive.
5. How do I sign up?
Simply enroll by filling out the contact form at the top of this webpage. An Energy Consultant will get in touch to provide you with further details and answer any questions you have regarding the program.
6. I got my system installed in early 2021, can I still get the incentive?
7. Can I just add more panels to my system to participate?
No. The system must include a new eligible battery system.
8. How do I know if my new battery system is eligible?
Simply contact us by filling out the contact form at the top of this webpage. An Energy Consultant will get in touch to provide you with further details and answer any questions you have regarding the program.
9. How do I know if my new battery system is eligible?
No, but it is important to have a panel-to-battery ratio that allows the battery to perform its intended function. For example, you need enough onsite solar generation to fill the committed battery capacity amount each day or you may face penalties.
10. Is Battery Bonus the only Battery Incentive Program?
No. The Battery Rewads Program is another Storage incentive.