New Jersey Pay for Performance

New Jersey Pay for Performance Program provides incentives towards whole-building energy improvements. Various opportunities exist for existing building and new construction. Partner Energy is an Approved Provider for the Pay for Performance Program. We facilitate the application process for clients, helping them maximize the incentives offered by the program.

New Construction
Commercial, industrial and institutional buildings with 50,000 square feet or more of planned conditioned space are eligible to participate. Existing buildings undergoing substantial renovations may also be eligible if the project involves:

  • Change of use and reconstruction of space within;
  • Construction work that requires the building to be out of service for 30 days or more; OR
  • Reconstruction of a vacant structure

Pay for Performance incentives are awarded upon the satisfactory completion of three program milestones:

Incentive #1
Upon submittal of complete proposed energy reduction plan, and contingent upon moving forward, incentives are based on $0.10 per square foot, up to $50,000. The proposed energy reduction plan must be prepared by an approved program partner.

Incentive #2
Upon submittal of a complete as-built energy reduction plan, incentives are based on $1.00 per square foot and must be based on actual installed energy efficiency measures.

Incentive #3
Upon submittal of complete commissioning report, incentives are based on $0.35 to $0.65 per square foot, provided the minimum performance threshold of 15% is achieved. The incentive is contingent upon a completed report with commissioning results verifying performance of energy efficient equipment.

Existing buildings                                            
Existing commercial, industrial and institutional buildings with a peak demand over 100 kW for any of the preceding twelve months are eligible to participate.

Pay for Performance incentives are awarded upon the satisfactory completion of three program

milestones:

Incentive #1
Upon submittal of complete proposed energy reduction plan, and contingent upon moving forward, incentives are based on $0.10 per square foot, and between $5,000 and $50,000, not to exceed 50% of the facility’s annual energy expense. The proposed energy reduction plan must be prepared by an approved program partner.

Incentive #2
Contingent upon the installation of recommended measures, incentives are based on the projected level of electricity and natural gas savings resulting from the comprehensive energy-efficiency measures.

Incentive #3
Upon completion of Post-Construction Benchmarking Report, incentives for electricity and natural gas savings will be paid based on actual savings, provided that the minimum performance threshold of 15% savings has been achieved. The incentive is contingent upon a completed report verifying energy reductions based on one year of post-implementation results.

Learn more: http://www.njcleanenergy.com/commercial-industrial/programs/pay-performance/