Add a Solar + Battery Storage System by 2022 & Save with the Federal Solar Tax Credit

If you’re thinking about adding a solar + battery storage system, now is the time to do it. If you install a solar + battery storage system by 2022, you may be eligible to claim a 26% solar tax credit. Also known as the investment tax credit (ITC), this incentive is applied to your federal tax liability, or the money you owe the IRS at income tax time. The ITC credit is available in every state, helping the average customer deduct nearly $9,000 off the cost of their solar + battery storage system installation* – but the credit steps down gradually each year.  The transition to solar doesn’t always happen quickly, depending on factors such as your solar provider, permitting and your utility provider. Start planning now, and you won’t have to worry about tight schedules and long project timelines. Get your solar + battery storage system installed by the end of the year so you can power your home, save MONEY and be PREPARED in the event of an electrical outage.

LOCAL INCENTIVES TO SAVE MONEY BY GOING SOLAR

On top of the federal tax incentive, there may be state and city-level programs available to encourage solar + battery storage adoption. In most cases, state and local programs stack with the federal incentive, so you get to double-dip on your savings. Be sure to do your research and talk to your installer about possible local incentives so that you can take full advantage of any available savings.

LOWER YOUR ENERGY BILL WITH NET METERING

Net metering (also known as net energy metering or NEM) is a solar incentive that allows you to store energy in the electric grid. When your solar panels produce more electricity than you need, that energy is sent to the grid in exchange for credits. Then, at night or other times when your solar panels are underproducing, you pull energy from the grid and use these credits to offset the costs of that energy.

FOR IMMEDIATE RELEASE
Media Contacts:
Don Klein Ben Healey
Don.Klein@Generac.com BHealey@PosiGen.com
Phone: 414-531-0470 Phone: 203-214-6418

Generac Grid Services, PosiGen Announce
a First-of-its-Kind Program to Expand Access to Clean Energy
for Low- to Moderate- Income Residents

Initiative aimed at enhancing grid stability and helping to advance a cleaner energy future
BRIDGEPORT, Conn. – May 19, 2022 – Generac Grid Services, a subsidiary of Generac Power Systems
(NYSE: GNRC), a leading designer and manufacturer of energy technology solutions and other power
products, and PosiGen, a leading residential solar, energy efficiency, and energy education provider for
low- to moderate-income residents, today announced they will expand access to clean energy storage
through a new program that offers state-of-the-art battery backup and load-management systems to
residents. The program, believed to be a first of its kind in the nation, will also provide power back to
the electrical grid, helping to increase grid stability, while reducing reliance on fossil fuels.

Through the program, which will be facilitated by Generac Grid Services, PosiGen’s solar customers in
Connecticut will be able to obtain a Generac PWRcell battery and Generac PWRmanager load
management system to pair with existing solar panels, to provide power to customers’ homes when the
grid goes down. Additionally, when tied to the grid and not providing backup power to the home, the
PWRcell battery can be configured to provide up to 18kWh of usable energy back to the grid to help
manage peak demand. Generac Grid Services will manage and optimize each battery’s contribution to
the grid, using its Concerto™ distributed energy resource control platform.

“Over the last few years, PosiGen has served thousands of low- and moderate-income homeowners in
Connecticut, providing rooftop solar and energy efficiency measures to help them save money and
upgrade the comfort and efficiency of their homes,” said Tom Neyhart, CEO of PosiGen. “But resiliency
via battery backup has historically been out of reach. Now, in partnership with Generac, we can deliver a
truly holistic package that will support this traditionally underserved population when weather events
disrupt the grid, while also delivering tremendous ongoing value to the grid as a whole.”
Generac Grid Services and PosiGen intend to replicate the program across the country where there are
favorable incentive structures and a strong interest in helping low- to moderate-income customers gain
power resiliency.

“This is an exciting new model that brings all the right players together to provide an outstanding
experience for customers of modest means,” said Bud Vos, president of Generac Grid Services. “Our
goal is that many more people in our region will experience the comfort and peace of mind that comes
with having a resilient – and clean – source of power.”
Generac Grid Services works with utilities to develop effective energy storage solution (ESS) programs
that provide the incentives required to support this unique offer, potentially including both including
upfront and performance-based incentives and integration with existing programs. In this pilot, Generac
will work with the Connecticut Energy Storage Solutions program, a state program that helps customers
install energy storage at their home or business.
Additionally, Generac Grid Services and PosiGen will work jointly to raise customer awareness of the
program. In particular, PosiGen anticipates offering this new solution to its entire installed base of
customers across the state of Connecticut, with an immediate focus on those living in underserved cities
and towns, while incorporating the product going forward as a recommended option for every new solar
system it installs in the state.

About Generac Grid Services
Generac Grid Services is a subsidiary of Generac Power Systems (NYSE: GNRC), a leading designer and
manufacturer of energy technology solutions and other power products. Generac Grid Services is
working to change the way the world generates and uses electricity. From turnkey solar + storage
solutions, to backup generators, additional distributed energy resources and virtual power plant
software, Generac Grid Services is helping to accelerate the world’s transition to a cleaner, more reliable
power grid. Via the company’s energy-balancing platform, power generation and storage products that
might otherwise sit idle are now able to be dispatched and orchestrated as part of a distributed energy
solution, thereby generating value for the home or business owner, while also delivering value to the
energy grid.

About PosiGen
Headquartered in New Orleans, PosiGen is the nation’s leading residential solar, energy efficiency, and
energy education provider for low-to-moderate income families. PosiGen has more than 19,000
residential customers, over 460 direct employees and supports more than 150 employees through its
contractors in Louisiana, Mississippi, Connecticut, New Jersey, Pennsylvania, New York, and Florida.
PosiGen’s unique services and products make solar energy affordable to homeowners of all income
levels, and offer individuals, families, and businesses the opportunity to achieve greater financial
autonomy and energy independence by lowering their utility bills. To learn more about PosiGen, please FOR IMMEDIATE RELEASE
Media Contacts:
Don Klein Ben Healey
Don.Klein@Generac.com BHealey@PosiGen.com
Phone: 414-531-0470 Phone: 203-214-6418
Generac Grid Services, PosiGen Announce
a First-of-its-Kind Program to Expand Access to Clean Energy
for Low- to Moderate- Income Residents
Initiative aimed at enhancing grid stability and helping to advance a cleaner energy future
BRIDGEPORT, Conn. – May 19, 2022 – Generac Grid Services, a subsidiary of Generac Power Systems
(NYSE: GNRC), a leading designer and manufacturer of energy technology solutions and other power
products, and PosiGen, a leading residential solar, energy efficiency, and energy education provider for
low- to moderate-income residents, today announced they will expand access to clean energy storage
through a new program that offers state-of-the-art battery backup and load-management systems to
residents. The program, believed to be a first of its kind in the nation, will also provide power back to
the electrical grid, helping to increase grid stability, while reducing reliance on fossil fuels.
Through the program, which will be facilitated by Generac Grid Services, PosiGen’s solar customers in
Connecticut will be able to obtain a Generac PWRcell battery and Generac PWRmanager load
management system to pair with existing solar panels, to provide power to customers’ homes when the
grid goes down. Additionally, when tied to the grid and not providing backup power to the home, the
PWRcell battery can be configured to provide up to 18kWh of usable energy back to the grid to help
manage peak demand. Generac Grid Services will manage and optimize each battery’s contribution to
the grid, using its Concerto™ distributed energy resource control platform.
“Over the last few years, PosiGen has served thousands of low- and moderate-income homeowners in
Connecticut, providing rooftop solar and energy efficiency measures to help them save money and
upgrade the comfort and efficiency of their homes,” said Tom Neyhart, CEO of PosiGen. “But resiliency
via battery backup has historically been out of reach. Now, in partnership with Generac, we can deliver a
truly holistic package that will support this traditionally underserved population when weather events
disrupt the grid, while also delivering tremendous ongoing value to the grid as a whole.”
Generac Grid Services and PosiGen intend to replicate the program across the country where there are
favorable incentive structures and a strong interest in helping low- to moderate-income customers gain
power resiliency.
2
“This is an exciting new model that brings all the right players together to provide an outstanding
experience for customers of modest means,” said Bud Vos, president of Generac Grid Services. “Our
goal is that many more people in our region will experience the comfort and peace of mind that comes
with having a resilient – and clean – source of power.”
Generac Grid Services works with utilities to develop effective energy storage solution (ESS) programs
that provide the incentives required to support this unique offer, potentially including both including
upfront and performance-based incentives and integration with existing programs. In this pilot, Generac
will work with the Connecticut Energy Storage Solutions program, a state program that helps customers
install energy storage at their home or business.
Additionally, Generac Grid Services and PosiGen will work jointly to raise customer awareness of the
program. In particular, PosiGen anticipates offering this new solution to its entire installed base of
customers across the state of Connecticut, with an immediate focus on those living in underserved cities
and towns, while incorporating the product going forward as a recommended option for every new solar
system it installs in the state.
# # #
About Generac Grid Services
Generac Grid Services is a subsidiary of Generac Power Systems (NYSE: GNRC), a leading designer and
manufacturer of energy technology solutions and other power products. Generac Grid Services is
working to change the way the world generates and uses electricity. From turnkey solar + storage
solutions, to backup generators, additional distributed energy resources and virtual power plant
software, Generac Grid Services is helping to accelerate the world’s transition to a cleaner, more reliable
power grid. Via the company’s energy-balancing platform, power generation and storage products that
might otherwise sit idle are now able to be dispatched and orchestrated as part of a distributed energy
solution, thereby generating value for the home or business owner, while also delivering value to the
energy grid.
About PosiGen
Headquartered in New Orleans, PosiGen is the nation’s leading residential solar, energy efficiency, and
energy education provider for low-to-moderate income families. PosiGen has more than 19,000
residential customers, over 460 direct employees and supports more than 150 employees through its
contractors in Louisiana, Mississippi, Connecticut, New Jersey, Pennsylvania, New York, and Florida.
PosiGen’s unique services and products make solar energy affordable to homeowners of all income
levels, and offer individuals, families, and businesses the opportunity to achieve greater financial
autonomy and energy independence by lowering their utility bills. To learn more about PosiGen,

please https://www.posigen.com/