Renewable Energy Incentive Program Incentives
The following incentives are available for REIP applications received on or after January 1, 2010.
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Renewable Energy Incentive Program (REIP)
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| Solar Electric/ Photovoltaic Systems | |||
| Capacities | Rebate Amount | ||
| RESIDENTIAL APPLICATIONS (less than or equal to 10 kW) | |||
| 0 to 10,000 watts meeting energy efficiency requirements* |
$1.75/ watt | ||
| 0 to 10,000 watts not meeting energy efficiency requirements* | $1.55/ watt | ||
| RESIDENTIAL APPLICATIONS (greater than 10 kW) | |||
| Less than or equal to 50,000 watts, and meeting energy efficiency requirements* |
$1.75/ watt up to 10,000 watt |
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| Greater than 10,000 watts not meeting energy efficiency requirements* | NOT ELIGIBLE | ||
| NON-RESIDENTIAL APPLICATIONS | |||
| 0 to 50,000 watts meeting energy efficiency requirements* | $1.00/ watt | ||
| 0 to 50,000 watts not meeting energy efficiency requiremnts* | $0.90/ watt | ||
| Greater than 50,000 watts | NOT ELIGIBLE | ||
| RESIDENTIAL NEW CONSTRUCTION (Builders Only) (Project must be located in a Smart Growth region in order to qualify) |
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| Type of Construction | Rebate Amount | ||
| New Jersey Energy Star Homes |
HERS index is between 85 to 66, the total rebate is $1.25/ watt HERS index is between 65 to 51, the total rebate is $1.50/ watt HERS index is 50 or below, the total rebate is $1.75/ watt |
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| Residential New Construction not participating in the New Jersey Energy Star Homes program | $1.00/ watt | ||
* Learn about energy efficiency requirements.
| Wind Systems | |
| Production | Rebate Amount |
| Feasibility Study | 50% of project costs up to $50,000 |
| 1-16,000 kWh | $3.20/ kWh |
| 16,001-1,000,000 kWh | $0.50/ kWh |
| Sustainable Biomass Systems | |||
| Capacity | Rebate Amount (Biopower only) |
Rebate Amount (Biopower and CHP) |
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| Feasibility Study | 50% of project cost up to $50,000 | 50% of project costs up to $50,000 | |
| 0 - 10,000 watts | $4.00/ watt | $5.00/ watt | |
| 10,001 to 99,999 watts | $3.00/ watt | $3.75/ watt | |
| 100,000 to 499,999 watts | $1.50/ watt | $2.00/ watt | |
| 500,000 watts, up to 1,000,000 watts | $0.15/ watt | $0.65/ watt | |
| Maximum incentive as percentage of eligible system costs |
30% | 40% | |
Other Helpful Information