Combined Heat and Power Pilot Loan Program (Connecticut)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Connecticut

Name Combined Heat and Power Pilot Loan Program (Connecticut)
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial, Institutional
Eligible Technologies CHP/Cogeneration
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Varies based on the specific technology, efficiency, and economics of the installation







Start Date 2012-06-18


Funding Source Clean Energy Finance and Investment Authority




Maximum Incentive $450 per kilowatt




Program Budget $6 million





Program Administrator Clean Energy Finance and Investment Authority
Website http://www.ctcleanenergy.com/YourBusinessorInstitution/CombinedHeatPowerCHPProjects/tabid/630/Default.aspx

Last DSIRE Review 2012-10-08
Last Substantive Modification
to Summary by DSIRE
2012-06-20


References Database of State Incentives for Renewables and Efficiency (DSIRE)[1]


Summary

Note: The application deadline was September 28, 2012. This solicitation is now closed. Check the program web site for information regarding the next solicitation.


The Clean Energy Finance and Investment Authority (CEFIA) is administering a three year, $6 million Combined Heat and Power (CHP) Pilot Program. The total funding allocated for all selected projects under the first competitive solicitation is $2 million. The first solicitation of Request for Proposals (RFP) period was open June 18, 2012 to September 28, 2012. The time frame for the second solicitation has not been announced.

CHP technologies are eligible for either a grant, loan or power purchase incentive under the initial round of solicitations for new renewable energy generating equipment up to five megawatts at commercial, industrial and institutional facilities. Financial support is intended to help finance the cost of CHP equipment for energy generating projects in the development phase that have not yet commenced the construction phase.

The level of financing are not based on size or cost, but vary based on the specific technology, efficiency and economics of the installation and will not exceed $450 per kilowatt. The intent of the financial support is to enable CHP project owners to achieve a reasonable “payback” during the life of the project, with a fair and reasonable return on investment, compared with purchasing the equivalent amount of power from the utility.


Incentive Contact

Contact Name Information - CEFIA
Department Clean Energy Finance and Investment Authority

Address 865 Brook Street

Place Rocky Hill, Connecticut
Zip/Postal Code 06067
Phone (860) 563-0015

Fax (860) 563-4877
Email info@ctcleanenergy.com
Website http://www.ctcleanenergy.com
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"