“…The variable costs, as in the case of solar PVs, vary widely in the literature, from 350 to 1050 $/kWh for lithium-ion battery technology (Hanna et al, 2017, Beck et al, 2017, Cardoso et al, 2017, Doroudchi et al, 2018, Fu et al, 2018, Koskela et al, 2019, IRENA, 2017. The selected value was 465 $/kWh (Doroudchi et al, 2018). However, adding the lower bound of the subsidy offered by SCE's storage rebate incentive program, up to 250 $/kWh (SCE, 2017), turns the final variable cost into 215 $/kWh.…”