Applications are open
Combined Heat and Power Feasibility Study
Combined Heat and Power (CHP) systems allow for efficient on-site power generation with heat recovery, resulting in reduced demands on the power grid, substantial reductions in energy bills, and less greenhouse gas emissions. Systems can also be designed to operate as backup power in times of emergencies. A CHP Feasibility Study can evaluate if this solution is right for you.
Status
Applications are open
Schedule
Open year-round
Program Contacts
Relevant Audiences
On this page
About the Program
Combined Heat and Power (CHP) systems allow for efficient on-site power generation with heat recovery, resulting in reduced demands on the power grid, substantial reductions in energy bills, and less greenhouse gas emissions. Systems can also be designed to operate as backup power in times of emergencies. A CHP Feasibility Study can evaluate if this solution is right for you.
Eligibility
Eligibility criteria includes:
- Existing and new construction commercial and industrial facilities or multifamily properties
- Applies to studies of systems that will produce both electricity and waste heat to be repurposed on site
- This incentive cannot be applied retroactively, meaning that the study must not be completed or underway prior to approval by the program
- Additional incentives may apply based on the decision to implement the recommended CHP system from the study. There is no requirement to install the recommended CHP system.
For full eligibility criteria, please refer to the Program Guide.
Incentives
The program offers an incentive to offset 75% of the cost of the feasibility study, up to $75,000. Incentives are established based on a submitted Cost Proposal and payable upon NJCEP approval of the completed study.