GEM Energy offers distributed generation financing products CHP financing that allow projects to be deployed with little or no capital. This process encompasses incentives, tax structure and power purchase agreements (PPA).
We can monetize the tax benefits and help you take advantage of the equipment depreciation. Our finance products allow for no capital expense by the owner or host, allowing customers to focus on their core business and still take advantage of the benefits of CHP.
As a full-service Capstone distributor for the states of Ohio, Michigan, and New York (outside of the five boroughs, Long Island, and Westchester County), we have over 80 Capstone microturbine installations in our region, many of which received some form of tax credit, incentives or funding. GEM Energy will identify and research the incentives and manage the paperwork for you as part of our turn-key services.
Q: How long does it usually take to complete a CHP project from financing through installation?
A: From commencement of the financing process to installation, CHP projects vary based on the complexity of the system but typically takes anywhere from one to four months.
Q: Can PACE financing be used for a CHP project?
A: YES! U.S. building owners can use PACE (Property Assessed Clean Energy) funding to pay for up to 100% of a project’s costs and repay in up to 20 years with an assessment added to the property’s tax bill. PACE financing stays with the building upon sale and is easy to share with tenants. Owners of virtually every type of building are eligible for low-cost financing to pay for high-efficiency improvements to their facilities and building systems. In addition, eligible utility company rebates and other incentives can be included in the financing.
Best of all, GEM Energy will handle all of the paperwork and work to secure any additional incentives needed. If you are interested in learning more about PACE, contact us.
Q: What if my business already has a long-term relationship with a bank? Could we take a CHP project to our own bank?
A: Typically commercial banks specialize in certain markets. Your bank may be capable of financing a CHP project but it’s most cost effective to work with a bank that specializes in these technologies. GEM Energy’s banking partners have specific expertise in financing energy projects.
Q: What does the financing process involve and how long does it take?
A: From start to finish, we make the process as painless as possible for you by managing the details. We arrange the debt and tax equity financing on all of our projects. In most cases for CHP financing, we can respond on project viability from an economic standpoint within 24 hours.