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Last Updated June 9, 2023

Program Overview

Category:

Financial Incentive

State:

New Jersey

Incentive Type:

Rebate Program

Administrator:

New Jersey Clean Energy Program (NJCEP)

Start Date:

N/A

Expiration Date:

N/A

Web Site:

http://www.njcleanenergy.com/commercial-industrial/programs/large-energy-users-program

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

Large Energy Users program offers financial incentives to eligible large commercial and industrial facilities in the State to self-invest in energy efficiency and combined heat and power (CHP) projects. The application can identify the custom energy efficiency measures in their facility and obtain incentives based on projected savings. Incentives from this program are only limited to energy efficiency measures. New construction, renewable energy projects, rehabilitation, and other maintenance energy saving projects are not eligible under this program.

Eligibility

Large commercial and industrial buildings must meet following qualifications to be eligible for the program:

  • 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.
  • Average billing peak demand of all facilities must meet or exceed 400kW for electric and 4,000 DTh for gas.

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.

Program Description

 Maximum incentives are capped per entity 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

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.