![4[1]_edited.png](https://static.wixstatic.com/media/7eb697_f39f5ca5b43642d3b40c7d10c203f357~mv2.png/v1/crop/x_1,y_238,w_1201,h_642/fill/w_180,h_96,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/4%5B1%5D_edited.png)
Combined Heat and Power in Puerto Rico
CHP systems offer Puerto Rican investors the chance to cut their investment costs by up to 50% through REAP Grants, further increasing the value of these systems by millions of dollars over ten years, through increased efficiency, asset appreciation and energy resilience.
Investing in CHP not only enhances financial returns but also provides crucial disaster preparedness.
OF REASONS
MILLIONS
REAP Grants Cut Investment by Half
The Rural Energy for America Program (REAP) enables hotel investors in Puerto Rico to significantly boost profits by reducing energy costs with CHP systems, and potentially achieve full payback in as little as two years.
-
Grant Coverage: REAP grants cover up to 50% of project costs, with a maximum grant of $1 million for renewable energy projects like CHP. Loan guarantees are also available for up to 75% of the total project cost.
-
Eligible Projects: REAP supports the installation of renewable energy technologies such as CHP, and energy efficiency upgrades, offering long-term savings and environmental benefits.
-
Application & Eligibility: Unlike on the mainland, the entire island of Puerto Rico is a REAP Zone. Businesses that showcase strong potential for energy savings and sustainability are given preference.
-
Hurricane Resilience: By installing CHP systems using REAP funding, hotels can reduce energy costs and maintain critical operations during power outages caused by hurricanes, improving their operational resilience.
To make the application process seamless, Inntelect offers turnkey grant writing services for REAP grants and other local, state, and federal incentives. Our expertise ensures your business takes full advantage of available financial assistance, enabling a smooth transition to more sustainable energy solutions.
CONFIABLE
ENERGÍA
FUTURO VIBRANTE
CHP Business Impact Scenario
AC Hotel Condado
The AC Hotel is challenged with high energy costs and adding to the difficulty, Puerto Rico’s power grid is weak, vulnerable to frequent blackouts, and consistently threatened by hurricanes.
CHP systems could provide a solution with an impressive 99.97% reliability and proven resilience during major hurricanes. Additionally, substantial cost reductions are possible through various U.S. and Puerto Rican incentives.
Key Benefits*
-
Electricity Cost Reduction: CHP reduces electricity costs from $0.20 per kWh to $0.05 per kWh.
-
Value Creation: Year 1 savings amount to $710,000, with ten-year returns value exceeding $20 million, which includes both direct savings and increased asset value.
-
Funding Support: 50% of the project costs are covered by the USDA REAP grant, up to $1 million, available throughout Puerto Rico, including urban San Juan.
THAN A
HURRICANE
STRONGER
Margaritaville Resort
Conquers Hurricane Irma
During Category 4 Hurricane Irma, the Margaritaville Resort in St. Thomas faced the full force of the storm, with winds exceeding 130 mph and widespread power outages affecting over 90% of the island. While it took months for the local power grid to be fully restored, the resort's Combined Heat and Power (CHP) system proved to be exceptionally resilient. The CHP system continued to operate smoothly, providing a reliable power supply even as the rest of the island remained in darkness.
The uninterrupted operation of the CHP system allowed Margaritaville to maintain essential functions throughout the storm. This capability was crucial for providing shelter and support to guests, as well as managing post-storm recovery more efficiently. The system kept critical infrastructure, including lighting, communications, and emergency services, running effectively, which significantly enhanced the resort’s ability to respond to the crisis.
Beyond its immediate impact, the performance of the CHP system during Hurricane Irma underscores the long-term value of investing in such technology. It highlights the critical role that CHP can play in ensuring resilience and reliability for properties in hurricane-prone areas, making it an essential consideration for those seeking to safeguard against future disruptions and enhance overall disaster preparedness.
How Will CHP Impact Your Business Performance?
Simply fill out some basic information and we will create a customized CHP Business Impact Scenario at no cost to you.
That's better than a free breakfast!
CHP Business Impact Scenarios use current energy data to make projections and exclude financing and incentives to estimate the Internal Rate of Return and Ten-Year Value. These figures are preliminary estimates, with more accurate projections to be determined by the Combined Heat & Power Primary Energy Accelerator.
Disclaimer: The CHP Business Impact Scenarios presented on this website are hypothetical and intended as examples of the potential benefits of Combined Heat and Power (CHP) systems. These scenarios are based on publicly available data, primarily from sources such as the U.S. Energy Information Administration (EIA), British Columbia Utilities Commission (BCUC), UK Department for Business, Energy & Industrial Strategy (BEIS), Deutsche Energie-Informationsdienst (EID), Statistics Finland (Tilastokeskus) and Greek Regulatory Authority for Energy (RAE). All findings and calculations have been independently derived without direct input or involvement from the property owners. Actual results may vary based on specific site conditions and operational factors.