Aegis Energy, EDF Group leading the way in CHP grant and incentive fundingHolyoke-based company has secured grants for clients throughout the Northeast
For companies looking to make capital improvements in line with new green-energy initiatives (and in some states, requirements) the figurative bottom line is almost always the literal, spreadsheet bottom-line; what is it going to cost?
Recognizing that cost is in many cases the biggest roadblock to bringing positive environmental change to the energy industry, Aegis Energy, EDF Group has developed systems and programs that help clients locate and secure funding for their Combined Heat and Power systems.
Sarah Florek, profiled in this month’s People in Power, is an example of a unique resource that Aegis Energy, EDF Group clients can utilize when trying to fund their energy-saving, green technology upgrades.
A 14-year veteran of the industry with a degree in economics, Florek can not only spot trends in energy markets, she has in-depth experience and success in identifying and obtaining grants for CHP clients. In fact, Aegis Energy, EDF Group has secured over $2 million in grants and incentives for its customers.
What does that mean for the bottom-line?
State grants for CHP systems can range anywhere from $200 per kilowatt hour (kW) in Connecticut and $750 to $1200 kW in Massachusetts for regular induction systems. In New York, the grants start at $135,000 for a 75kW system that can provide standby power, like the Aegis PowerVerter. In fact, the PowerVerter technology that allows for black-start capability is actually a requirement in New York for grant eligibility.
Aegis Energy, EDF Group has established an impeccable reputation in New York as a leader in the Combined Heat and Power industry. There, grants are administered through NYSERDA (New York State Energy Research and Development Authority) a public benefit corporation that was established in 1975. The authority’s primary mission is to help New York meet its energy goals: reducing energy consumption, promoting the use of renewable energy sources, and protecting the environment.
Much of this work is accomplished through the distribution of grants for alternative, clean energy solutions. For building owners and facility managers interested in CHP, the grants are funded through the CHP Performance Program.
Under the program, grant applicants 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.
In Massachusetts, the MASS Save program is responsible for financially supporting building or equipment upgrades such as the installation of Combined Heat and Power systems. In Massachusetts grant applicants may be required to submit an engineering study that includes an on-site measurement of hourly thermal loads.
New Jersey’s grant program is run through the New Jersey Clean Energy Fund which offers grants and incentives specifically for “on-site” CHP systems like those installed by Aegis.
Currently, 23 states have included Combined Heat and Power as an eligible technology for their clean energy portfolio standards. With that comes a windfall in the form of grants, tax credits, and accelerated depreciation deductions.
Navigating the grant process can be complex and time-consuming, which is why Aegis Energy, EDF Group offers grant writing and guidance to its customers looking to install an energy-saving CHP system.
Aegis Combined Heat and Power systems are currently utilized across the Northeast and Mid-Atlantic with over 500 systems installed since the company was founded in 1985. Aegis Energy, EDF Group can provide clients with the ability maximize their green energy ROI because of the company’s expertise in grant research and development.