Peppers are able to be stored fresh much longer than tomatoes. They can usually keep in a crisper drawer of a refrigerator for several weeks if kept moist but not wet. For longer storage, freezing works well. Though mushy when thawed, the flavor still comes through in cooked foods. Try dicing them into small pieces and then freezing on a cookie sheet. The frozen pieces can then be poured into a plastic bag for later use. Measuring is much easier as the pieces are not frozen together in a clump. This methods works equally well for hot peppers. (Ward Upham)
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Ward Upham runs the Horticulture Response Center in the Department of Horticulture and Natural Resources at Kansas State University. Other contributors include K-State Extension Specialists.