Clean Energy Financing for Businesses (New Jersey)

From Open Energy Information


Last modified on May 24, 2011.

Financial Incentive Program

Place New Jersey

Name Clean Energy Financing for Businesses
Incentive Type State Loan Program
Applicable Sector Commercial
Eligible Technologies Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Custom/Others pending approval
Active Incentive No
Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs
Amount Up to 1 million for the loan program; additional funding available through grants and rebates

Funding Source System Benefits Charge

Maximum Incentive 1 million

Terms 3% interest rate on 25% of bank loan up to 500,000; loan guarantee on 30% of bank loan up to 500,000
Program Administrator State of New Jersey Board of Public Utilities

References DSIRE[1]


The N.J. Clean Energy Program offers low-interest loans and loan guarantees to businesses that want to install energy efficient heating, air conditioning and lighting measures or renewable energy devices to lower their energy costs. The intent of the program is for businesses to use loans to pay for the balance of the project, up to $1 million, that was not covered by the Clean Energy Program’s grants or rebates (see N.J. Clean Energy).

In order to apply, applicants should have a preliminary audit completed by a participating vendor, a list of which can be found on the N.J. Clean Energy website. After the audit, an applicant submits an application to the N.J. Clean Energy program for pre-approval. An approved application will include improvements for both renewable energy and energy efficiency. After the pre-approval process, the applicant submits the application to the N.J. Economic Development Authority for credit approval.

Incentive Contact

Contact Name Ronald Jackson
Department State of New Jersey Board of Public Utilities
Division Office of Clean Energy
Address Via 8th Floor Receptionist
Address 2 Two Gateway Center
Place Trenton, New Jersey
Zip/Postal Code 07102


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"