New for 2009

The New Jersey Board of Public Utilities Clean Energy Program offers the new Renewable Energy Incentive Program for 2009.  The program provides incentives and support services needed for participants to build onsite renewable energy projects using solar, wind and biopower technologies. The new program is part of New Jersey’s efforts to reach its Energy Master Plan goals of using 30 percent renewable energy by 2020. The program includes financial incentives to owners who install qualified clean energy generation systems in New Jersey.  The Renewable Energy Certificates  (RECs) Program is also available to help finance projects that do not qualifiy for rebates.  Renewable energy systems enable you or your organization to produce clean energy, help protect the environment, and reduce utility costs.

Why get involved?  For a variety of reasons, such as a desire to:

  • reduce pollution
  • stabilize electric costs
  • lessen dependence on fossil fuels
  • increase self-reliance
  • increase local jobs & economic development
  • preserve natural resources
  • make a long-term commitment to the planet’s future
  • strengthen energy security & long term affordability

Program applications will be accepted February 3, 2009.  Please review the attached chart for available incentives and rebates.

The Renewable Energy Incentive Program Guidebook provides details about operations and procedures for the program.  The program provides incentives for onsite renewable energy projects using solar, wind and biopower technologies.  The processes and procedures contained in the guidebook are subject to periodic revision, review and approval by New Jersey’s Clean Energy Program and the Board of Public Utilities.

The Board of Public Utilities is planning to launch a new program in 2009 to support large-scale renewable energy projects, also called grid supply projects.  These projects produce energy that goes directly into the electric grid, without any energy being used for on-site consumption, so they are not eligible for REIP upfront incentives.  More information on the Grid Supply Pogram will be released soon.

In 2009 New Jersey’s Clean Energy Program has developed a new funding model.  The new program will have three funding cycles.  Each funding cycle has its own budget, and when the money is completely committed for each funding cycle all applications will be returned.  Applicants will have the opportunity to reapply when the next funding cycle opens.  The three funding cycles are January 1, May 1 and September 1.

To view charts and more info click on link below