Top 5 Reasons to Install CHP Now!
As a building owner or facility manager you have probably thought about cogeneration at some point. Maybe you’ve seen Aegis Energy, EDF Group at a trade show or conference. Perhaps you have heard one of our representatives speak at an energy symposium or at one of our “Lunch and Learn” events.
You may have already mentally committed to the idea of cogeneration and are now just struggling with the “when” part of the equation.
There has never been a better time than now to begin the process of a Combined Heat and Power system installation. We’ve polled our experts to come up with the Top 5 reasons why the time is now to consider installing cogeneration, also known as Combined Heat and Power.
- Incentives – While wind, hydro, and solar have often taken the headlines when it comes to alternative energy options, Combined Heat and Power is slowly and steadily earning its place at the table. Government and utility grants, loans, tax credits, and bonds are all available for building owners and facility managers looking to install cogen systems. As examples, New Jersey has the Clean Energy Solutions Capital Investment Loan/Grant Program which includes covering 30 percent of maintenance costs for 10 years. Connecticut offers the Low-interest Loans for Customer-side Distributed Resources program. Massachusetts serves up the Green Communities Grant Program. There are also tax credits, rebates, and bond programs available. NYSERDA is offering grants of up to $1,800/kW (or $135,000 for our 75kW PowerVerter system.) For its part, Aegis Energy, EDF Group provides clients with a dedicated Energy Analyst to help research available incentive opportunities.
- Backup Power – Hurricane Sandy introduced a new meteorological phenomenon; the Superstorm. While the frequency and intensity of storms is unpredictable, there is no arguing that the pattern over the last few years has been more storms of higher intensity. Backup power is essential for hospitals, nursing homes, hotels, and large residential buildings. Aegis’ Synchronous CHP System can be a vital resource in storm season providing black start capability while also automatically switching its electrical output to the load priorities pre-selected by the facility. This independence from the grid during an outage can be life-saving.
- Energy Savings – By providing both heat and electricity from a single fuel source (natural gas), Combined Heat and Power systems have proven to reduce emissions and save on energy costs. Aegis Energy, EDF Group has a 29-year-track record of delivering energy savings for its clients through highly efficient Combined Heat and Power systems. Clients have seen 50 percent reduction in energy costs amounting to tens of thousands of dollars saved annually. Putting off installation could mean putting off $5,000 per month in energy savings.
- LEED Certification Points – LEED, or Leadership in Energy & Environmental Design, is a green building certification program that recognizes best-in-class building strategies and practices. To receive LEED certification, building projects satisfy prerequisites and earn points to achieve different levels of certification. Combined Heat and Power systems that reduce emissions and offer energy cost savings can qualify your building for LEED points. As an example, an Aegen ThermoPower could be worth 6 to 7 points towards a building’s certification.
- Heating Season – It’s summer now, but heating season is just around the corner. Remember the October Snowstorm of 2011 that knocked out power in the Northeast for days that stretched into weeks? Winter is coming, and with it so is the cold. A reliable heating system, independent from the grid, should be considered a necessity for healthcare and elder-care facilities and large scale residential properties. The usable heat that a CHP system provides is most valuable in the winter time and as heating loads rise, the system can produce more “free” electricity.
Combined Heat and Power is a proven technology that goes back over 100 years to when Thomas Edison used the technology as the core of the world’s first commercial power plant. Aegis has updated that same technology and made it modular, compact, and affordable.
There has never been a better time to utilize Combined Heat and Power.