Benefits:

• Because you’ll own your batteries, you’ll be eligible for a federal tax credit worth 30% of the cost (and if you pair your batteries with solar, that 30% applies to the cost of your solar system, too!). For enrolling in the program, you’ll receive an upfront payment of up to $10,500 (depending on how many batteries you enroll and how much power you choose to share) in exchange for GMP accessing your stored power. The tax credit combined with the one-time GMP payment results in the larger financial benefit for most customers, between the two programs.

Stipulations:

• When you sign up for the BYOD program, you are committing to grant GMP access to your stored power for 10 years. Since you own the batteries, you will be responsible for maintaining an internet connection and ensuring they are fully charged during periods of peak demand. There is also a monthly communication fee of $3.97 for participation in the program.

Program Status:

• Open now to new member enrollment.

Benefits:

• Leasing batteries is easy and hassle free. GMP will own the double-Powerwall system and take care of all maintenance as well as pay for the removal and recycling of the batteries at the end of their useful life. GMP will also be responsible for charging your battery from the grid, ensuring you’ll have enough stored power in the event of an outage. While pairing batteries with a home solar system has its definite advantages, solar is not required — any GMP customer can sign up for this lease program.

Stipulations:

• You can lease a double-Powerwall system from GMP for $55 per month for ten years, or you can choose to pay $5,500 upfront. There is an option to keep the batteries for up to 15 years at additional cost. Unlike the ownership model, leased battery systems are not eligible for the federal tax credit. There is also a one-time installation fee of $7,000.
  

Program Status:

• Enrollment opens in January 2023, but connect with us now to get on the waitlist.