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Renewable Energy Manufacturing Incentive

Program Closed

New Jersey's Renewable Energy Manufacturing Incentive (NJREMI) Program ended on December 31, 2011 and is no longer accepting applications. The program provided rebates to New Jersey residents, businesses, local governments, and non-profit organizations that purchased and installed solar panels, inverters, and racking systems manufactured in New Jersey.

The following incentives were available under NJREMI.

Renewable Energy Manufacturing Incentives
  Incentive
($/ Watt)
Maximum
System Size
Maximum
Incentive
Solar Panels
Residential:  0 - 10 kW1 $0.25 10 kW $2,500
Non-Residential:  0 - 50 kW $0.14 50 kW $7,000
Non-Residential:  51 - 100 kW $0.12 100 kW $12,000
Non-Residential:  101 - 500 kW2 $0.08 500 kW $40,000
Inverters and Racking Systems
Residential:  0 - 10 kW1 $0.15 10 kW $1,500
Non-Residential:  0 - 50 kW $0.09 50 kW $4,500
Non-Residential:  51 - 100 kW $0.07 100 kW $7,000
Non-Residential:  101 - 500 kW2 $0.05 500 kW $25,000

The above residential incentives were available only up to 10 kW. Projects larger than 10 kW will receive rebate payments only for the first 10kW of installed capacity.

The above non-residential incentives were available only up to 500 kW.  Projects larger than 500 kW will receive rebate payments only for the first 500 kW of installed capacity.

As of 6/6/12, $403,367 of the 2011 budget has been spent

 



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