The ARRA, which was designed to help support our nation's economy during the current severe recession, requires that the SEP funding be used to advance the state's clean energy goals, including renewable energy and energy efficiency programs. It also requires that funds be used to supplement rather than replace existing funding.
New Jersey's application for SEP funding was crafted to advance the goals outlined in the Governor Energy Master Plan. It also was designed to fund projects that could quickly be implemented so as to immediately create jobs for New Jersey residents. The Commissioners of the New Jersey Board of Public Utilities unanimously approved this grant solicitation at the July 1st Board Agenda Meeting.
"President Obama and I share the same energy goals," said Governor Corzine. "We want to put our people to work in a new, green economy that provides energy security for our country and reduces the greenhouse gas emissions that cause global warming. The projects we fund under this grant program will help us achieve all these goals while reducing energy costs at public facilities."
Projects eligible for funding are required to use innovative renewable energy or energy efficiency technologies or innovative applications for renewable energy or energy efficiency projects. Technologies eligible under the grant program include wind, solar, hydro and geothermal energy; biofuels; and energy storage applications that are used to reduce the intermittency of renewable energy technologies. Projects also will be evaluated based on the amount of energy created or saved and the reductions in greenhouse gas emissions that result from the project.
"Governor Corzine's commitment to a progressive energy policy has given New Jersey a head start in putting these federal stimulus funds, and our people, to work," said Jeanne M. Fox, President of the BPU. "His Energy Master Plan has put our state on a path toward environmentally-sound economic growth and energy security for the foreseeable future."
Applications for grant funding are due to the Board of Public Utilities (BPU) by 5 p.m. on August 7, 2009. Applications and further information about the program are available on the BPU web site at www.nj.gov/bpu.
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