Combined Heat and Power Partnership
Low-Interest Loans for Customer-Side Distributed Resources
| Date Last Updated | 12/24/2012 |
| Incentive Type | Loan |
| State/Federal | CT |
| Incentive Administrator/Contact Office | Bank of America Leasing & Capital for the Connecticut Department of Public Utility Control (DPUC) |
| Incentive Initiation Date | 7/21/2005 |
| Incentive Size and Funding Source | The total amount of financing for projects under this program is $150 million. The interest rate will be fixed and not greater than the prime rate (actual rate will be determined at time of application). Loans will be collateralized by way of equipment, or other collateral or credit enhancements required by Bank of America. |
| Eligible Recipient | Eligible recipients include retail end-use customers for customer-side distributed generation projects. Projects must be located in the service territories for Connecticut Light & Power (CL&P) and United Illuminating (UI). |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | >0.05 and <65 MW |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Financing is available for projects funded by the Connecticut Clean Energy Finance and Investment Authority (CEFIA, previously known as the Connecticut Clean Energy Fund), and CL&P?s and UI?s energy-conservation programs. Eligible projects include distributed generation projects such as CHP systems. Capital costs and project-development costs are eligible. Generators must begin operation after January 1, 2006. Incremental capacity increases are also eligible, however, existing capacity is not eligible. Gas air conditioning and gas chiller systems are also not eligible. Emergency generation projects for hospitals, nursing homes, or other facilities are not eligible. |
| Utility | Connecticut Light & Power (CL&P) and United Illuminating (UI) |
| Other Incentive Details | Customer-side distributed resources are defined as: "(A) the generation of electricity from a unit with a rating of not more than 65 MW on the premises of a retail end user within the transmission and distribution system including, but not limited to, fuel cells, photovoltaic systems or small wind turbines, or (B) a reduction in the demand for electricity on the premises of a retail end user in the distribution system through methods of conservation and load management, including, but not limited to, peak reduction systems and demand response systems." |
| Resource Website(s) |
