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Last Updated August 11, 2023

Program Overview

Category:

Financial Incentive

State:

New Jersey

Incentive Type:

Loan Program

Administrator:

N/A

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://www.savegreenproject.com/businesses

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

The new utility-managed Direct Install energy efficiency program is designed to provide generous incentives for comprehensive energy efficiency projects. When combined with our five year 0% OBRP, this program makes upgrading to high efficiency equipment a budget friendly pathway to saving energy, money and the environment.

The program is structured in two tiers to accommodate small and medium size facilities with an average annual electric demand under 200 kW.

Direct Install Program Includes

  • Rebates up to 70% of retrofit costs. Terms and Conditions apply
  • Incentive levels are based on the level of comprehensiveness of a project
  • 5 year 0% APR On-Bill Repayment Program for qualified customers.

Loan Program Includes

  • 5 year 0% APR On-Bill Repayment Program for qualified customers.
  • On bill financing through the NJNG OBRP:
  • Prescriptive: 0% APR $150,000 maximum for a five-year-term.
  • Custom: 0% APR $250,000 maximum for a five-year-term.