Whether you're starting a commercial or industrial project from the ground up, renovating existing space, or upgrading equipment, you have unique opportunities to upgrade the quality of the project. New Jersey SmartStart Buildings can provide a range of support — at no cost to you — to yield substantial savings, both now and for the future.
Pay for Performance is directed at large existing and new facilities in a manner that directly links incentives to energy savings in a whole-building approach. Pay for Performance relies on a network of program partners who provide technical services under direct contract to building owners. These partners will develop an energy reduction plan for each project that includes technical components typically found in a traditional energy audit, a financial plan for funding the energy efficient measures and a construction schedule for installation. Incentives will be awarded as program milestones are completed with the final incentive paid following a comprehensive verification report that proves the savings targets have been met or exceeded.
One of the goals of the State of New Jersey is to enhance energy efficiency through on-site power generation with recovery and productive use of waste heat, and to reduce existing and new demands to the electric power grid. The Board of Public Utilities seeks to accomplish this goal by providing generous financial incentives for Combined Heat & Power and Fuel Cell (CHP-FC) installations.
Effective July 1, 2013 the small CHP-FC program (for projects 1 MW and below managed by TRC) and the large CHP-FC program (for large scale projects formerly managed by EDA) will be combined into a single program and managed by TRC. Those applications for large scale CHP projects that were submitted to EDA by June 30, 2013 will be managed by EDA through completion.
Improving energy efficiency and conservation are essential to achieving environmental sustainability. They are the simplest ways to reduce greenhouse gas emissions and other forms of air pollution, such as acid rain and smog. Good energy management starts with an energy audit. The program will provide incentives up to $100,000 per fiscal year per participant.
Direct Install targets small commercial and industrial facilities with peak demand of 200 kW or less. This turnkey program is aimed at providing owners a seamless, comprehensive process for analysis, equipment replacement and financial incentives to reduce consumption, lower utility costs and improve profitability.
The program covers up to 70% of the cost for eligible upgrades including lighting, controls, refrigeration, HVAC, motors, variable speed drives, natural gas equipment and controls. Participating contractors conduct energy assessments and install the cost-effective measures.
Benchmarking is a process for evaluating the energy use performance of commercial, industrial, and municipal buildings. This service is currently available free of charge to owners, managers and administrators of hospitals and healthcare buildings, municipalities, industries, multifamily properties, the hospitality sector, colleges and universities, K-12 schools, retail and other commercial facilities.
The Large Energy Users Program is designed to promote self-investment in energy efficiency and combined heat and power projects with incentives up to $41 million for eligible projects in the state's largest commercial and industrial facilities.
Whether you are a New Jersey-based company or institution "going green", a manufacturer of clean energy systems or products, or an innovative company developing new, green technology, New Jersey may have financing and incentive programs to help.