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Financing Programs

Financial Incentives to “Get With the Program”

All ratepayers in New Jersey are entitled to financial incentives through the New Jersey Clean Energy Program. Financial incentives are available to reduce the overall cost of your renewable generation system. Incentives are currently paid incrementally based on the size of the system installed. The incentive levels, which can defray installation, equipment and interconnection costs, are shown on the following chart.

Other Helpful Information

  • To review previous years' activity, please click here.
  • For more information on available funds, please review the most recent CORE Budget.
  • The New Jersey CORE Program is transitioning to the use of Renewable Energy Certificates to help finance projects. To learn more about this transition please click here.

New Jersey Clean Energy Program Incentives

Chart I
Wind and Sustainable Biomass Systems
See chart below for PV incentive rates

2006

Incentive Level

Systems up to 10 kW

$5.00/watt
Maximum incentive as percentage
of eligible system costs		  
Systems Greater than 10 kW
1 - 10 kW $3.00/watt

> 10 to 100 kW

$2.00/watt

> 100 to 500 kW

$1.50/watt

> 500 kW, up to 1000 kW

 $0.15/watt

Maximum incentive as percentage
of eligible system costs

30%
. Incentive Available

The Board approved the following rebate levels, in their August 16, 2006
Board Agenda Meeting, to be effective September 1, 2006.

Chart II
Solar Electric Systems

Capacities

 All Private Sector Applicants effective 9/01/06 Public non K-12 Schools Public K-12 Schools SUNLIT
0 to 10,000 watts $3.80/watt $4.40/watt $4.40/watt $4.40/watt
10,001 to 40,000 watts $2.75/watt $3.45/watt $3.45/watt $3.45/watt
40,001 to 100,000 watts $2.50/watt $2.80/watt $2.80/watt $2.80/watt
100,001 to 500,000 watts $2.25/watt $2.60/watt $2.60/watt $2.60/watt
500,001 to 700,000 watts $2.00/watt $2.05/watt $2.05/watt $2.05/watt
. Incentive Available

. Rebates NOT currently available
All new applicants are held in queue until new funding becomes available

. Rebates available for 2007/2008 funding
 

Ask your vendor about New Jersey's Solar REC Pilot and

alternative financingbased on solar renewable energy certificates (SRECs)!