Tuesday, December 1, 2009

New Jersey Solar Energy Incentives

When searching other environmental blogs I found an interesting article about solar energy and New Jersey. According to the article a new program in New Jersey was created which will provide rebates for solar panels and other equipment manufactured in New Jersey. In addition, the legislature is about to pass a bill that will allow for low-interest loans for building projects that meet green standards. Here is the article...

Rebates for solar equipment made in New Jersey
The BPU's new program offers consumers, businesses, and municipalities that purchase solar panels, inverters, and racking systems manufactured in New Jersey a rebate of up to 25 cents per watt for panels, and up to 15 cents per watt for inverters and racking systems. The program is expected to provide $1 million in incentives to the state’s consumers, businesses, and municipalities over the coming months.

BPU President Jeanne M. Fox said the program "supports our environmental, energy, and economic development goals and helps establish New Jersey as a hub for the growing green economy."

To qualify for the incentives, applicants must use products manufactured with at least 50 percent of the product cost – including the labor, overhead, components, and raw materials – from facilities located in New Jersey. Products must also comply with applicable Underwriters Laboratory standards and be commercially available to the public.

Yearly audits will be performed to ensure manufacturing compliance. Organizations awarded a grant under New Jersey Economic Development Authority’s (NJEDA) Clean Energy Manufacturing Fund (CEMF) are automatically certified as a New Jersey manufacturer.

Additional information about the program and all of the business and residential incentives offered by New Jersey’s Clean Energy Program can be found at http://www.njcleanenergy.com/ or by calling 1-866-NJSMART (1-866-657-6278).

1 comment:

  1. Solar energy is the best natural resource that we have this time even more that fuel is too expensive. In fact i want to approach costa rica investment opportunities and look all the alternative this country can have because it climate. We must to find the way to save our planet and to use solar energy could be the first step.