Combined Heat and Power Pilot Loan Program

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.