|Incentive Type:||State Rebate Program|
|Eligible Efficiency Technologies:||Heat pumps, Central Air conditioners, Geothermal Heat Pumps|
All systems: 500
Hurricane Sandy Adder: 200
|Eligible System Size:||Systems must sized appropriately for the dwelling|
Central AC, Ductless Mini-Split, Heat Pump: minimum 16 SEER, 13 EER, 8.5 HSPF (heat pumps)
Geothermal Heat Pumps: Energy Star
|Expiration Date:||Oil, propane and municipal electric customers: 06/30/2013 or until funding is exhausted|
Note: Residents affected by Hurricane Sandy are eligible for an additional rebate of $200 for qualifying heat pumps, geothermal heat pumps, and air conditioners purchased on or after October 29, 2012. Rebates for central air conditioners will no longer be available after February 24, 2013, except for areas impacted by Hurricane Sandy. See the program web site for certification information.
The COOLAdvantage Program’s objective is to improve the energy efficiency of new electric air conditioners and heat pumps. To promote both the sale of energy efficient units and proper installation techniques, the N.J. Clean Energy Program offers rebates for properly sized and installed high efficiency systems. In order to qualify for a rebate, the unit must meet a minimum energy efficient standard, based on its SEER, EER or HSPF ratings. Customers of Atlantic City Electric, Jersey Central Power & Light, PSE&G and Rockland Electric Company are generally eligible to apply for this rebate; however, effective July 1, 2012 funding is also available for oil, propane, and municipal electric utility customers. This aspect of the program will continue until available funding is exhausted or until June 30, 2013. Builders of new homes are not eligible to participate in the CoolAdvantage program but are encouraged to participate in the Energy Star Homes Program. As of July 27, 2012 current rebate amounts are set at $500 per system for air conditioners, heat pumps, and geothermal heat pumps.