The simplicity of the design of the asynchronous electric motors (AM) allows them to be widely used in industry. The AM fleet sometimes reaches 80% of the total load of the enterprise. According to statistics, more than 60% of AM failures are observed due to damage to the insulation of the AM stator winding. The reason is premature dynamic and thermal aging of the insulation, which leads to the failure of the conductive and grooved parts of the AM winding. As a result of a decrease in the dielectric properties of the insulation, damage occurs in the stator windings of AM, such as turn, phase-to-phase short circuits, which tend to develop into a short circuit. Short circuits in the stator windings of the AM are emergency and lead to a sudden disconnection of the AM from the power supply network by existing relay protection means, for example, current cut-off or thermal protection. Sudden, non-sanctioned disconnection of the electric motor from the power supply leads to the shutdown of technological equipment, damage to equipment, raw materials and economic losses. The aim of the work is to develop the principles of timely monitoring and prediction of the state of housing and interphrase insulation of stator windings of AM using the energy of capacitors with local compensation of reactive power. To achieve this goal, research was carried out at a laboratory institution with AM, in which branches of turns were made. The transient processes of capacitor discharge are considered and new methods for monitoring and predicting the residual insulation life are proposed. The new method is based on monitoring the condition of the insulation after each disconnection of the AM from the power supply, while using the energy that remains in the capacitors. The use of a change in the velocity characteristic of the constant discharge time of the capacitor made it possible to predict the residual service life of the AM. The personality of the study is that under the conditions of local compensation of reactive power, it is possible to use the energy remaining in the capacitors to diagnose and predict the state of insulation, as well as the change in the velocity characteristic of the capacitor discharge time constant, which is a criterion parameter for predicting the residual service life of the AM. The carried out studies confirmed the development of test diagnostics in conditions of reactive voltage compensation, which is a new direction in systems non-poisonous diagnostics, which requires continued research and applications in industry.