CHP Dollars Are Coming to Illinois

Illinois has historically been home to relatively low electricity rates, making it a challenging market for CHP.  Now, thanks to a new CHP incentive program by Commonwealth Edison (“ComEd”), the economics for CHP projects will get a significant boost.

Specific details are yet to be published by ComEd, but Vergent Power has learned that the incentive will have the following outline:

  • $0.07 per kWh generated to help offset project cost (this would equate to approximately $600,000 in incentive dollars annually for a megawatt CHP).
  • Up to $25,000 to go toward a feasibility study performed by pre-approved third party assessment providers.
  • Up to $25,000 for interconnection costs.

This program is a very gratifying development for us, as we have been working for years with the Midwest Cogeneration Association to push for a pro-CHP climate in Illinois.

See below map showing ComEd’s service territory, which comprises more than 11,000 square miles in and near the Chicago-land area.

   
  
 
  
    
  
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    Source:  www.comed.com

Source:  www.comed.com

Contact us today if you are a ComEd customer interested in CHP for your facility.