Fuel cells can be attractive for use as stationary combined heat and power (CHP) systems. Molten carbonate fuel cell (MCFC) power plants are prime candidates for the utilization of fossil based fuels to generate high efficiency ultra clean power. However, fuel cells are considerably more expensive than comparable conventional technologies and therefore a careful analysis of the economics must be taken. This work presents analysis on the feasibility of installing both a FuelCell Energy DFC (R) 1500MA and 300MA system for use at Adams Thermal Systems, a manufacturing facility in the U.S. Midwest. The paper examined thoroughly the economics driving the appropriateness of this measure. In addition, a parametric study was conducted to determine scenarios including variation in electric and natural gas rates along with reduced installation costs. (c) 2007 Elsevier B.V. All rights reserved.