Smart Energy Decisions
Summary
Maryland Gov. Larry Hogan on Aug. 18 announced the launch of a $5.5 million grant program for combined heat and power systems, the state's largest to-date.
In outlining the program, which will be administered by the Maryland Energy Administration, Gov. Hogan highlighted the new CHP system installed at Peninsula Regional Medical Center, which was funded in part by a $494,320 grant from the state. The energy efficiency project will see a payback in just over seven years, considering projected annual electric cost savings of $415,086 and projected annual natural gas costs savings of $324,705, according to a news release from the governor's office.
The medical center's CHP project also received support from Unison Energy, Delmarva Power, and its parent company, Pepco Holdings, Inc.
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