What is one of the most significant reasons cogeneration is not widely used?

One of the most significant reasons cogeneration is not widely used is the high initial capital investment required for installation and infrastructure development. Many facilities may not have the financial resources to implement cogeneration systems, especially smaller businesses. Additionally, regulatory and market barriers, such as energy pricing structures and lack of incentives, can hinder adoption. This results in a slower transition despite the potential efficiency and environmental benefits of cogeneration technology.