Financial incentives expiring for CHP installations
Deadlines loom for CHP Acceleration Program benefits administered by NYSERDA
Building owners and facility managers in and around New York City should take note of an impending deadline for Combined Heat and Power incentives.
Certain initiatives under the CHP Acceleration Program require that incentive-eligible Combined Heat and Power systems be fully operational by May of 2016.
“There is a six to eight month window from the start of the process to completion of a CHP site,” said Dale Desmarais, Director of Sales and Marketing for Aegis Energy, EDF Group. “Starting the process now would insure that meeting those incentive deadlines would be achievable.”
The CHP Acceleration Program enables the New York State Energy Research and Development Authority (NYSERDA) to provide financial incentives for the installation of pre-qualified (or conditionally qualified), pre-engineered CHP systems by approved CHP system vendors.
Aegis Energy, EDF Group is a pre-qualified NYSERDA vendor and participant in the CHP Partnership program. For a 75kW system that can provide standby power such as the Aegis PowerVerter, grants can start at $135,000. In fact, the PowerVerter technology that allows for black-start capability is actually a requirement in New York for grant eligibility.
Incentives authorized under the Indian Point Energy Center (IPEC) program amount to $40 million and will only be available for those systems that are operational by May of 2016.
Incentive funds from other sources will be allocated on a site-by-site, first-come-first-served basis in the order of application receipt until December 30, 2016 or until all funds are committed, whichever comes first.
More information about NYSERDA funding opportunities is available through www.nyserda.ny.gov.
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. While deadlines vary for the bonus incentive, zones in Manhattan and Staten Island match the IPEC program’s May 2016 date.
Those interested in getting involved in the NYSERDA grant program must submit their application along with 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.
There is also help through Aegis Energy, EDF Group as the company provides clients with a dedicated Energy Analyst to help research available incentive opportunities and navigate the grant application process.
For more information, reach out to an Aegis representative at (413) 536-1156 or by visiting aegischp.com.