State and federal grant incentives are available — we’ll help you take advantage of them.
The EPA promotes greater use of CHP in an effort to reduce fossil fuel use and emissions. To accomplish this goal, the organization maintains and promotes access to a database listing incentives and financing opportunities at the local, state and federal levels. Aegis Energy Services is a recognized CHP partner with the United States Environmental Protection Agency (EPA).
A few of these program examples follow. Contact us to ensure you are taking advantage of all available incentives:
New York State Energy Research and Development Authority (NYSERDA) offers up to $2.5 million for systems up to 3 MW in size. To qualify, most systems must be black-start capable and installed to provide priority power during grid outages. Bonus incentives are also available if specific size and performance criteria are met. Contact us to learn more or to begin your application process.
Con Edison proudly offers demand management incentives to help lower peak loads. If you qualify, you are eligible for up to $1,800 per kW, based on your system performance during the summer season. Contact us to learn more or to begin your application process.
As a result of the Massachusetts Green Communities Act of 2008, CHP projects are eligible for funding in Massachusetts through multiple utility companies. All owners of CHP systems are eligible, but the best applications are typically those with high annual hours of operation with near full use of the thermal output. Specific requirements vary though CHP systems. Contact us to learn more or to begin your application process.
Incentives under Public Service Enterprise Group (PSEG) are tiered meaning they vary depending upon the installed rated capacity. The organization’s Commercial Efficiency Program offers up to 70% of project costs or $2 million per CHP project. Contact us to learn more or to begin your application process.
New Jersey Clean Energy
New Jersey is committed to enhancing energy efficiency throughout the state. The Board of Public Utilities seeks to accomplish this goal by providing generous financial incentives for CHP installations. Savings are calculated by performance thresholds and system specifications. Contact us to learn more or to begin your application process.
Efficiency Maine’s Commercial and Industrial (C&I) Custom Program offers financial incentives ranging from $10,000 to $1,000,000 to Maine businesses, nonprofits, institutions and governments toward distributed generation projects, including CHP system installations. Contact us to learn more or to begin your application process.
The Aegis Shared Savings Program
In addition to available utility, state and federal incentives, Aegis has developed its own program which allows clients to take advantage of energy cost-savings without requiring any capital investments or operating expenses.
Through the Shared Savings Program, Aegis designs, installs, owns, maintains, fuels and operates a modular cogeneration system at no cost to the facility. The CHP system is interfaced with electrical and mechanical systems to provide both metered electrical and thermal energy (heat).
The produced cogenerated electricity is then provided at a discount from prevailing utility electrical rates while heat is provided at standard cost.
At any time during the life of the agreement, the host site has the opportunity to purchase the equipment at a decreasing cost.
- No upfront capital cost for installation
- No annual maintenance fees
- Reduced electric utility cost up to 15% annually
- Reduced carbon footprint
- Customers can qualify for no-cost LEED points for the USGBC
- Increases the longevity of existing heating equipment
- Aegis has accessed millions of dollars from various funding sources on behalf of clients