With the deadline for a significant Combined Heat and Power incentive fast approaching, Aegis Energy, EDF Group is notifying potential eligible building owners and facility managers about the Brooklyn Queens Demand Management (BQDM) Program.
A partnership between Con Edison and the New York State Energy Research and Development Authority (NYSERDA) aims to reduce electric demand in parts of Brooklyn and Queens by encouraging the development of Combined Heat and Power projects within the BQDM zone.
The Brooklyn Queens Demand Management (BQDM) Program, which rewards customers for smart energy usage, will award up to $2.5 million per project from the New York State Energy Research and Development Authority (NYSERDA). Together with available matching funds from Con Edison (ConEd), it’s possible that 70–90 percent of an approved CHP project cost could be funded by utilizing incentive funds, with anticipated returns on investment in 1–3 years.
The campaign is aimed at delaying the building of a new substation to meet growing electricity demand, a project that would have cost ConEd an estimated $1 billion.
Applications must be submitted by September 2018 to make the installation deadline for eligibility.
Aegis Energy, EDF Group is a recognized leader in the cogeneration field having earned numerous awards for growth and recognition from both state and federal agencies for installations that have resulted in reduced emissions and energy savings.
Aegis’ Combined Heat and Power systems deliver two forms of energy, heat and electricity, from a single fuel source (natural gas). The modular systems are customized for a variety of facilities, from healthcare and assisted living facilities to recreational and multi-residential complexes and hotels. There are also institutional, educational and industrial facility applications.
Aegis Energy, EDF Group is a pre-qualified NYSERDA vendor and participant in its CHP Partnership Program.
In addition, NYSERDA has worked with Consolidated Edison to identify prime areas within the city where Combined Heat and Power could potentially help defer the need for grid expansion or reinforcement. Sites within these “target zones” are eligible for a 10 percent bonus incentive.
Applications for grant and incentive programs can be cumbersome, requiring an engineering analysis, utility bills and in some cases, electrical and mechanical drawings. Filings are also required with the electrical utility and clearance is needed from the gas utility proving there is sufficient gas at the site for the CHP system to operate.
Aegis Energy, EDF Group provides clients with a dedicated Energy Analyst to help navigate the grant application process.
For more information, reach out to an Aegis representative at (413) 536-1156 or by visiting AegisCHP.com.