HOMER Knowledge Base
Customized incentives
Product: HOMER Grid 1.1.1
Can we create customized incentives?
Yes, you can create customized incentives. Currently, there are three Templates for incentives: Capacity -based incentives (kW or kWh for storage), Capital-based incentives ($), and Production-based incentives (kWh).
Will HOMER Grid have the Massachusetts Solar SMART incentives available once the program is approved? Would this include the Storage & PV adder?
So far HOMER Grid has special incentive cases for the Investment Tax Credit (ITC), Modified Accelerated Cost Recovery System (MACRS), and for Bonus Depreciation. The Self-Generation Incentive Program
(SGIP) uses one of the Templates provided within the software. Depending on how complex Massachusetts' SMART incentive is, we can add it into the software.
Can we create customized incentives?
Yes, you can create customized incentives. Currently, there are three Templates for incentives: Capacity -based incentives (kW or kWh for storage), Capital-based incentives ($), and Production-based incentives (kWh).
Will HOMER Grid have the Massachusetts Solar SMART incentives available once the program is approved? Would this include the Storage & PV adder?
So far HOMER Grid has special incentive cases for the Investment Tax Credit (ITC), Modified Accelerated Cost Recovery System (MACRS), and for Bonus Depreciation. The Self-Generation Incentive Program
(SGIP) uses one of the Templates provided within the software. Depending on how complex Massachusetts' SMART incentive is, we can add it into the software.