The following programs are no longer available and are listed here as reference only.
Whether you are a New Jersey-based company or institution "going green", a manufacturer of clean energy systems or products, or an innovative company developing new, green technology, New Jersey may have financing and incentive programs to help. The following programs are offered in conjunction with the New Jersey Economic Development Authority (EDA):
New Jersey-based commercial, institutional or industrial entities (including 501(c)(3) organizations) that have received an approved energy reduction plan under Pay for Performance may be eligible for supplemental financing through the EE RLF. Also eligible are those entities participation in the Large Energy Users Program or the stand-alone Combined Heat and Power/Fuel Cell Program with incentives for up to 1MW, offered by New Jersey's Clean Energy Program. The financing, in the form of low-interest loans, can be used to support up to 80% of total eligible project costs, not to exceed $2.5 million or 100% of total eligible project costs from all public state funding sources. Visit the EDA website for details.
As of July 1, 2013 the Large Scale Combined Heat & Power-Fuel Cell Program will be managed by ICF. Applications are currently under development, and questions can be addressed to 866-NJSMART. Any applications submitted to EDA by June 30, 2013 will be managed by EDA through completion.
The Clean Energy Solutions ARRA CHP Program is an $18 million competitive grant program created to support the development, design and construction of high efficiency commercial, institutional, and industrial entity (including public and non-profit entities) Combined Heat and Power projects in New Jersey, with project-based grants equal to $450 per kW of installed electric generation, up to a maximum of $5 million.
Among the program requirements, projects must have entered into commercial operation after January 1, 2011, demonstrate ability to commence construction by September 30, 2011, and utilize committed project funds by April 30, 2012. Further program details can be found on the EDA website. The EDA reserves the right to modify these requirements.
The EDA offers up to $5 million in interest-free loans and grants to ensure that commercial, industrial, and institutional entities "going green" in New Jersey. Under this program, scoring criteria based on the project's environmental and economic development impact determines the percentage split of loan and grant awarded. Funding can be used to purchase fixed assets, including real estate and equipment, for an end-use energy efficiency project, combined heat and power (CHP or cogen) production facility, or new state-of-the-art efficient electric generation facility, including Class I and Class II renewable Energy. For more information on this program, visit the EDA website or call 866.534.7789.
Should you need further information on any of these programs, please contact the EDA at 866.534.7789.