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INCENTIVES & PROGRAMS

Hawaii’s Battery Bonus Program

Save Money While Supporting Oahu’s Grid

Powering Oahu with Clean Energy

With the closing of its largest coal plant, Oahu is filling the gap with solar and battery energy storage. But these new systems must be deployed quickly at customer sites to maintain stability on Oahu’s grid.

Consequently, Hawaii’s new energy storage incentives are among the most generous in the nation. For business customers, who typically see 10-30% utility bill savings from onsite battery storage, the up-front cash payment will make storage even more attractive.

The most generous incentives will go to the first projects and then decline. You won’t need to switch your tariff, and your compensation from any existing utility program will remain unchanged. 

Beyond monthly bill savings, battery storage helps businesses avoid power outages and maintain smooth operations. Storage is also key for maximizing onsite solar PV by discharging store solar energy when it’s most valuable. 

To learn more about how your business can capitalize on Hawaii’s new storage incentives, contact Stem today! 

Capitalize on this storage incentive

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Stem’s History in Hawaii

As an energy storage pioneer, Stem has been active in Hawaii and supported the state’s clean energy goals for years. Our longstanding relationship with Hawaiian Electric, partly funded by a DOE grant, has brought energy storage to dozens of businesses and schools.

Location

Eligibility

  • All C&I customers
  • Energy storage system must be new
  • Standalone storage or solar plus storage systems

Requirements

  • Daily 2-hr discharge during peak periods
  • 10 year participation

Energy Storage Incentives

  • $850/kW (first 15MW)
  • $750/kW (next 15MW)
  • $500/kW (last 20MW)

Deadlines

Systems must be installed by June 20, 2023

Featured Resources

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Hawaii’s Battery Bonus Program

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Ontario Energy Storage Checklist

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Webinar On Demand

3 Ways Ontario Businesses May Be Coming Up Short with Their Energy Strategy

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Featured Case Study

Hawaiian Electric Co. Builds a Clean Energy Future with Stem

Hawaiian Electric (HECO) provides electricity to 95% of Hawaii’s residents on Oahu, Maui, Molokai, Lanai and Hawaii Island. The utility has strong clean energy support from its stakeholders and policymakers but limited land on which to build larger renewables projects.

Read More

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

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Copyright © 2022 Stem, Inc.

Privacy Policy | Terms of Use

Partner Code of Conduct

Human Rights Policy Statement

Sustainability Policy Statement

Customers

Enterprise

Commercial & Industrial

Utilities

Electric Cooperatives

Project Developers

Solar EPCs

IPPs & Asset Owners

Federal

Solutions

Athena

Energy Storage

Solar Plus Storage

Wholesale Energy Markets

Microgrids, Backup Power & Voltage Support

Utility Bill Optimization

Demand Response

Commercial EV Charging

Sustainability

Professional Services

Incentives & Programs

Federal Storage ITC

California SGIP

Connecticut Energy Storage Solutions Programs

Hawaii’s Battery Bonus Program

Massachusetts SMART

New York VDER

Ontario Global Adjustment

Partners

Why Stem

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Distributors

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