New York homeowners who install a FranklinWH energy management and battery storage system are eligible to receive thousands of dollars in incentives and earn additional payments for helping utilities manage power demand.
Those who participate can receive approximately $3,000 in upfront incentives and earn around $200 each year by allowing utilities to draw small amounts of energy from their batteries during peak demand periods.
The incentives are available through virtual power plant (VPP) programs offered by National Grid’s ConnectedSolutions and Orange & Rockland Utilities’ Smart Savers Battery Program.
The programs will run from May to September, when summer electricity demand is highest.
FranklinWH systems also qualify for the residential battery incentive offered by the New York State Energy Research and Development Authority. It provides up to $200 per kilowatt-hour installed; for a typical FranklinWH system with a 15-kilowatt-battery, that comes out to about $3,000.
“Programs like these show how home batteries can support the grid while creating new value for homeowners,” said Gary Lam, co-founder and chief executive officer of FranklinWH, in a statement. “By connecting thousands of home batteries through virtual power plant programs, utilities can reduce pressure on the grid during peak demand and give homeowners a way to earn additional value from their energy systems.”
FranklinWH partnered with EnegyHub to connect its programs through a software platform that allows utilities to coordinate large numbers of distributed energy resources like home batteries.
The company’s involvement in leading VPP programs is a testament to its commitment to empowering homeowners, enhancing grid stability, and expanding access to energy incentives.
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