COOLAdvantage Program (New Jersey)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place New Jersey

Name COOLAdvantage Program
Incentive Type State Rebate Program
Applicable Sector Residential
Eligible Technologies Central Air conditioners, Heat pumps, Geothermal Heat Pumps
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount All systems: $500

Hurricane Sandy Adder: $200





Eligible System Size Systems must sized appropriately for the dwelling

Equipment Requirements Central AC, Ductless Mini-Split, Heat Pump: minimum 16 SEER, 13 EER, 8.5 HSPF (heat pumps)

Geothermal Heat Pumps: Energy Star


Expiration Date 2013-06-30 or until funding is exhausted for oil, propane, and municipal electric utility customers

Funding Source New Jersey Societal Benefits Charge (public benefits fund); State Energy Program (SEP) funds









Program Budget $21.6 million (new 2012 funding for WarmAdvantage and CoolAdvantage combined)





Program Administrator New Jersey Board of Public Utilities, Office of Clean Energy
Website http://www.njcleanenergy.com/html/1residential/1_cool_advantage.html
Date added to DSIRE 2005-06-16
Last DSIRE Review 2013-01-25
Last Substantive Modification
to Summary by DSIRE
2012-07-27


References DSIRE[1]


Summary

Note: Residents affected by Hurricane Sandy are eligible for an additional rebate of $200 for qualifying heat pumps, geothermal heat pumps, and air conditioners purchased on or after October 29, 2012. Rebates for central air conditioners will no longer be available after February 24, 2013, except for areas impacted by Hurricane Sandy. See the program web site for certification information. The COOLAdvantage Program’s objective is to improve the energy efficiency of new electric air conditioners and heat pumps. To promote both the sale of energy efficient units and proper installation techniques, the N.J. Clean Energy Program offers rebates for properly sized and installed high efficiency systems. In order to qualify for a rebate, the unit must meet a minimum energy efficient standard, based on its SEER, EER or HSPF ratings. Customers of Atlantic City Electric, Jersey Central Power and Light, PSE&G and Rockland Electric Company are generally eligible to apply for this rebate; however, effective July 1, 2012 funding is also available for oil, propane, and municipal electric utility customers. This aspect of the program will continue until available funding is exhausted or until June 30, 2013. Builders of new homes are not eligible to participate in the CoolAdvantage program but are encouraged to participate in the Energy Star Homes Program. As of July 27, 2012 current rebate amounts are set at $500 per system for air conditioners, heat pumps, and geothermal heat pumps.


Incentive Contact

Contact Name Customer Assistance - WarmAdvantage/COOLAdvantage Program
Department New Jersey Clean Energy Program
Division c/o Honeywell
Address 145 Route 46 West

Place Wayne, New Jersey
Zip/Postal Code 07470
Phone (866) 657-6278



Website http://www.njcleanenergy.com/
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"