CalCom Has Secured Customers over $2 Million in New California State Storage Incentives
VISALIA, CA, MAY 24, 2017 - CalCom Solar, a premier solar project development and energy solutions company, has announced the launch of its new energy storage business unit. CalCom will increase customers' energy savings and prepare for upcoming utility rate changes with state-of-the-art battery storage technology and solar + storage solutions. CalCom successfully reserved over $2 million in newly available state incentives from California's Self Generation Incentive Program (SGIP) to help customers install energy storage.
"Fast-evolving energy storage technologies are deepening the savings we can offer to our customers," said CalCom Solar CEO Dylan Dupre. "As utilities look to shift peak rates into the evening and increase demand charges, storage future-proofs our customers' solar investments. Demand charges are the second biggest component of customers' energy bills, and storage tackles them head-on. With storage, CalCom is furthering our commitment to deliver world class energy projects that save money for our agricultural and water customers. We've been developing our storage product offering over the past year, and with the combination of falling battery prices and the new incentive program now is a great time for customers to go solar + storage."
Earlier this year, the State of California re-opened this SGIP incentive program to help customers purchase energy storage systems. CalCom Solar submitted 15 applications on customers' behalf, and ultimately ranked as the 8th largest participant (out of 140+ applicants) for these new statewide incentives. Customers of PG&E, SCE, and SDG&E are eligible for an incentive as high as $500 per kilowatt-hour (kWh) when they install energy storage - enough to cover most of the cost of a storage system. And storage systems paired with solar can be eligible for the federal investment tax credit (ITC) as well. California's SGIP incentives remain open to help customers purchase storage and solar + storage solutions, though the amount of the incentives will fall as more customers take advantage of the program.
About CalCom Solar
CalCom Solar is a Visalia, CA, based solar project development company focused exclusively on agriculture and water customers. We design, engineer, and install solar systems that offset the high electrical demands of agricultural production while helping customers to reduce operational expenses, improve their bottom line, and farm more sustainably. We are responsible for developing some of the largest Ag solar installations in California.