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ENERGY

CHP Business Impact Scenario

Radio Tower Hotel, NYC

With high commercial electricity prices, the 23-story Radio Tower mixed-use property and its 89,000-square-foot, 221-key boutique hotel in Northern Manhattan face significant cost challenges, including some of the highest commercial electricity rates in the country.

Combined Heat & Power (CHP) systems could be a great solution, aided by New York State's energy-efficiency incentives. The recaptured heat from CHP can be used for space and water heating, offsetting natural gas consumption.

Key Benefits*

Energy Cost Reduction: Lowers the cost of electricity from 18.1 cents per kWh to just 2.8 cents per kWh and reduces energy costs by nearly $283,000 in the first year while eliminating service charges.
Financial Value: Generates a ten-year value of $7.2 million, including $4.2 million in increased asset value.
Return on Investment: Delivers a 75% Internal Rate of Return.

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How Will CHP Impact Your Business Performance?

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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.