New Jersey is fully committed to the development of clean and renewable energy sources to reduce its carbon footprint. This commitment to become one of the most energy efficient and “green” states is clearly reflected in the very aggressive goals New Jersey established in its Energy Master Plan launched by Governor Jon S. Corzine in 2008. These goals include reaching the following milestones by 2020:
- Supply 30% of the state’s electricity from renewable sources.
- Reduce overall energy consumption by at least 20%, saving 20,000 GWh per year and annual heat savings of nearly 110 trillion BTUs.
- Invest nearly $33 billion to stimulate development of innovative, clean energy technologies.
Achieving these goals means providing strong support for New Jersey companies, organizations and institutions that are developing and implementing measures to improve energy efficiency. Available programs include:
Commercial, industrial and institutional organizations “going green”
- Clean Energy Solutions Capital Investment (CESCI) Loan/Grant: for commercial, industrial and institutional entities with total project capital equipment costs of at least $1 million
- Combined Heat and Power (CHP) Program: for combined heat and power, as well as combined cooling heat and power, electrical and thermal energy generation projects
- Direct Install: for small commercial and industrial facilities with peak demand of less than 200 kW
- Local Government Energy Audit: for municipal and local government-owned facilities
- Renewable Energy Manufacturing Incentive (REMI): for commercial and residential entities purchasing solar panels, inverters and racking systems manufactured in New Jersey for projects up to 500 kW
- New Jersey SmartStart Buildings® Program: for commercial, industrial, government and agricultural projects involving new construction and additions, renovations, remodeling and equipment replacement
- Pay for Performance: for existing commercial, industrial and institutional buildings with an average peak demand over 200 kW
- Renewable Energy Incentive Program: for businesses, governmental entities, facilities managers, developers or residents building on-site renewable energy projects using solar, wind and biomass technologies
- Solar Renewable Energy Credit (SREC) Registration Program: for solar project owners in New Jersey with electric distribution grid-connected systems
- TEACH: for individual schools or school districts
- Utility Energy Efficiency Programs: designed to complement and supplement investments through the New Jersey Clean Energy Program and under the American Recovery and Reinvestment Act of 2009
- Utility Solar Programs: solar financing programs available from the state’s major electric utilities
Companies developing clean technology and manufacturers of clean technology
