Established through their restructuring act in 2001 and administered by the New Jersey Board of Public Utilities (BPU), the New Jersey Clean Energy Program offers support for renewable, clean energy generation technologies and systems. In addition to information, this includes financial incentives to owners who install qualified clean energy generation systems on site at their homes or businesses in New Jersey.

The program supports a variety of technologies, such as fuel cells, photovoltaics (solar electricity), small wind, and sustainable biomass equipment.

The incentive structure is as follows:

Incentive Structure

Block Allocated Capacity	Incentive Block*
	1 (6.23 MW)	2 (5.5 MW)	3 (12.5 MW)	4 (27 MW)
Tier I (up to 10 kW)	$5.00/watt	$5.00/watt	$4.00/watt	$3.00/watt
Tier II (from 10 to 100 kW)	$4.00/watt	$4.00/watt	$3.00/watt	$2.00/watt
Tier III (from 100 to 500 kW)	$3.00/watt	$3.00/watt	$2.00/watt	$1.50/watt
Tier IV (over 500 kW, up to 1000 kW)	$0.30/watt	$0.30/watt	$0.20/watt	$0.15/watt
Maximum incentive as percentage of eligible system costs	60%	50%	40%	30%
*Note: Incentive levels will change over time, as the capacity allocated for each block is filled. At least 50% of the capacity in blocks 2, 3, and 4 is reserved for small systems (10 kW or least)

 

Visit: www.njcep.com/

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