Eligibility

• To qualify, eligible entities must have incurred at least $5,000,000 in total annual energy costs (on a pre-sales tax basis, aggregate of all buildings/sites) between July 1, 2021 and June 30, 2022 as billed by NJ Utilities and any applicable third-party suppliers associated with those accounts.
  • NJ Utilities refer to the regulated electric and/or gas utilities in the State of New Jersey. They are: Atlantic City Electric, Jersey Central Power & Light, Rockland Electric Company, New Jersey Natural Gas, Elizabethtown Gas, PSE&G, and South Jersey Gas.
  • Applicant’s accounts must be commercially-billed and pay the Societal Benefits Charge (SBC).
  • Eligible annual costs include standard costs associated with electric and/or gas delivery and supply (e.g., generation, transmission, distribution, SBC, etc.) and not those that are unique to the customer (e.g., energy management charges).
• In order to be considered for incentives, the billed peak demand of each facility submitted in the Draft Energy Efficiency Plan (DEEP) or Final Energy Efficiency Plan (FEEP) must meet or exceed 400 kW and/or 4,000 DTh.
  • For campus facilities, the 400 kW or 4000 DTh threshold shall be met on a campus-wide level (i.e. total demand of campus). Any number of buildings may be included in the Energy Efficiency Plan.
• Once qualified, entities will be approved to submit their Draft Energy Efficiency Plan (DEEP) for fund reservation or the Final Energy Efficiency Plan (FEEP) for incentive commitment.

Incentive Specifications

Applicants may submit up to 3 separate energy plans containing unique scopes of work per entity per fiscal year. The incentive amount per energy plan is capped at the lesser of:

• Annual project savings at $0.33/kWh plus $3.75/therm for non-lighting measures and $0.16/kWh for lighting measures
• 75% of total project cost
• not to exceed the NJCEP entity cap of $4,000,000 per entity per fiscal year

Total project costs may include pre-engineering costs, soft costs, and other costs associated with the preparation of the FEEP.

The program has a minimum incentive commitment per FEEP of $100,000. Projects with incentives below this threshold will be redirected to other programs for C&I customers.

Application Process

1.    Program Enrollment: Submit Pre-Qualification Application form and utility summary in Excel format by June 30, 2023. Entities will be able to submit enrollment qualifications for participation on a first-come, first-served basis.
2.    Submission of DEEP: (Optional) Once the Pre-Qualification Application is approved, entities will be approved to submit their Draft Energy Efficiency Plan (DEEP) for fund reservation.
3.    Submission of FEEP: Once the DEEP is approved, entities may submit the Final Energy Efficiency Plan (FEEP) for incentive commitment.
4.    Confirmation of Installation: Upon installation completion, submission of post-installation documents and M&V report, incentive will be paid.

Application Forms and Other Information