Noble - Natural Gas Combined Heat and Power System
Generate both electricity and heat from a single energy source with natural gas CHP. Combined heat and power (CHP), or cogeneration, is a very efficient process that reduces energy bills by meeting electricity and heating demand from a single energy source - natural gas. CHP is suitable for industries and businesses that have both high electricity and heating requirements such as manufacturing, residential and care homes, hotels, spas and hospitals. Savings that can be made very much depend on the price that you pay for your gas and electricity. The greater the price gap between your gas and electricity, the greater the savings that can be made. As a guide, the cost of electricity generated through CHP is around three times cheaper than that purchased from a supplier.
Benefits
- Annual returns of between 25-100%
- Payback of between 1-3 years
- Reduces energy bills
- Reduces carbon emissions
- May be eligible for Enhanced Capital Allowances
- Heat and electricity produced are exempt from the Climate Change Levy
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