Combined Heat and Power Investments Receive Tax Credits in North Carolina

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“Investments in Combined Heat and Power (CHP) systems are now eligible for North Carolina’s 35 percent renewable energy tax credit for the first time, thanks to House Bill 1829 which was signed into law by Governor Perdue this month. This new incentive will help North Carolina citizens and businesses invest in more efficient and sustainable energy sources.”

“In the United States, most electricity is generated at a central utility power plant, and separate heating and cooling equipment is used on-site in homes and buildings. In contrast, CHP (also known as cogeneration) systems generate electricity and thermal energy in a single, integrated system. Heat that would be otherwise be rejected in traditional separate generation of electric energy, is captured with CHP and used for heating or cooling processes in industry or buildings. The total fuel efficiency of these integrated systems can reach 80 percent, much greater than the 35 percent average from separate systems.  A CHP system can reduce the carbon emissions from power and heat generation
over 50 percent, with significant NOx and SOx emission reductions as well.”

Click here to read the rest of the article by Shannon Helm from the North Carolina Solar Center.

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