New Jersey’s Clean Energy Program
The New Jersey Clean Energy program offers a multitude of financial incentives for all customer types, ranging from solar/wind credits and rebates to free benchmarking. Through the NJ SmartStart program, customers can receive incentives for equipment upgrades. Funding is also available through the comprehensive Pay for Performance Program and through cost-sharing in the Direct Install program.
Pay for Performance (P4P) Program
Launched in March 2009, New Jersey Clean Energy’s Pay for Performance (P4P) Program offers incentives to existing commercial, industrial, institutional, municipal, educational, healthcare, and multifamily buildings with an average annual peak kW demand electricity usage of more than 100 kW (with exceptions for some building types). As an approved ENERGY STAR Partner, Bonded is qualified to help owners and developers approach building upgrades comprehensively with P4P.
The program provides funding for energy efficiency improvements in existing buildings and new construction projects.
Terms:
Provides funding for energy efficiency improvements in existing buildings and new construction projects with a minimum of 50,000 square feet of conditioned space with an annual peak electricity demand greater than 100 kilowatts.
New construction projects must be located within a New Jersey Smart Growth area.
Available Funding:
Varies for each program milestone
$2 million per project ( $1 million if CHP is added)
$1 million per utility account (gas and electric)
$1 million per CHP unit in a project per calendar year
Caps doubled for projects that receive bonus incentives
Program Administrator: Office of Clean Energy NJCEP; NJ Board of Public Utilities (BPU)
