|Incentive Type:||State Loan Program|
|Eligible Efficiency Technologies:||Water Heaters, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Duct/Air sealing, Building Insulation, Comprehensive Measures/Whole Building, Custom/Others pending approval, Geothermal Heat Pumps|
|Terms:||0% interest loans with terms of 3, 5, 7, or 10 years offered for single-family projects|
Energy Savings From 10% - 19.99%: 2,000 and 0% loan up to 5,000 where utility loans are not available (single-family); 500/unit (multi-family)
Energy Savings From 20% - 24.99%: 4,000 and 0% loan up to 10,000 where utility loans are not available (single-family); 1,000 per unit (multi-family)
Energy Savings Greater than 25%: 5,000 and 0% interest loan up to 10,000 where utility loans are not available (single family); 1,500 per unit (multi-family)
The New Jersey Board of Public Utilities (NJ BPU) offers a Home Performance with Energy Star Program for residents that want to improve the energy efficiency of their homes. The program is set up to provide incentives that lower the ultimate cost to consumers for the installation of energy efficiency measures identified in a comprehensive home assessment. Qualifying measures may include HVAC improvements, air sealing, the installation of better insulation, and domestic hot water systems. Appliances, lighting, doors, and windows are not eligible measures under the current program rules. This program was formerly only available for 1-4 family homes; however, it was revised in 2011 to also provide incentives for small multi-family dwellings that have 5 or more units, are three stories or less, have single ownership, and where total building energy use data is accessible.
In order to receive incentives from this program, eligible work must be performed by a BPI-certified contractor who is a registered Trade Ally of the New Jersey Clean Energy Program. Program funding is provided through the New Jersey Societal Benefits Charge (SBC) and the State Energy Program (SEP). The use of SEP funding allows the program to be serve oil, propane, and municipal electric customers through June 30, 2013. Please see the program website for further details.
The homeowner may receive both a cash rebate and a low-interest loan for the installation of appropriate improvements identified in the home assessment. The incentive schedule is as follows:
It is important to note that while incentives are available for HVAC equipment and water heaters under the separate WarmAdvantage and CoolAdvantage incentive programs, participants may not receive multiple incentives for the same equipment.
In order to participate in this program, the improvements must consider a whole-building approach. Individual dwelling units within a building are not eligible independently of the larger development. The contractor will work with program personnel to ensure a proper project assessment and approval process. The incentive schedule is as follows:
In addition to the state program described above, some New Jersey electric and natural gas utilities administer supplemental energy efficiency programs for their customers. Prospective participants should contact their utility to see if additional incentives are available.