Even without this funding, cogeneration projects in New Jersey typically pay for themselves in less than 5 years.
New York, NY (PRWEB) May 22, 2012
IntelliGen Power, a leader in distributed power projects, is announcing today their availability to provide free assistance to businesses and municipalities seeking funding through the New Jersey Clean Energy Solutions Large Scale CHP (LSCHP) Program.
“This program is a great opportunity for businesses to get free money to pay for their CHP systems,” said David Lesser, President of IntelliGen Power. “The utility rates in New Jersey already make cogeneration a very appealing solution for energy users looking to save money, and support from this program drives down the cost even more. Even without this funding, cogeneration projects in New Jersey typically pay for themselves in less than 5 years.”
The LSCHP Program offers a total of $55 million in grants for CHP projects in New Jersey with a capacity greater than 1 megawatt, up to $3 million per project or 30% of the total project cost. The project cost is inclusive of design and permitting fees, as well as a full 5-year maintenance contract. Funding is available for both government and private sector entities.
IntelliGen Power is providing all interested LSCHP Program applicants with a free technical review of their CHP projects and assistance with ensuring that their grant applications meet all the eligibility requirements.
“IntelliGen has more than 20 years of experience with cogeneration system implementation, and we know that funding for these projects can be very competitive,” Lesser continued. “Our team of experts is available to help businesses apply for the grant and to make sure their projects get to the top of the list for consideration.”
The deadline for the first round of LSCHP Program applications is June 25, 2012. An additional round of funding is anticipated for late 2012 and potential applicants are encouraged to start as early as possible.
For more information, contact David Lesser at DLesser(at)IntelliGenPower(dot)com.
ABOUT INTELLIGEN POWER
IntelliGen Power is a leader in distributed power projects with design, permitting, manufacturing, and operating capabilities and a proven track record going back to 1988. With nearly 300 successful installations, IntelliGen Power focuses on using clean technologies to help their customers achieve an attractive return on investment. IntelliGen Power’s manufacturing facility is located in West Babylon, NY. For more information, visit http://www.IntelliGenPower.com.