Incentives and Assistance
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 |
60% | ||
| 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 |
30% |
||
|
|||