Clean Energy Financing for Local Schools and Governments (REDO Program) (New Jersey)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place New Jersey

Name Clean Energy Financing for Local Schools and Governments (REDO Program)
Incentive Type State Loan Program
Applicable Sector Schools, Local Government
Eligible Technologies Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Custom/Others pending approval, Photovoltaics, Wind, Biomass, Fuel Cells using Renewable Fuels
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Up to full cost of project







Start Date January 2004

















Terms 3% to 5% interest rate, for varying loan terms
Program Administrator New Jersey Board of Public Utilities
Website http://www.njcep.com/html/redo_program.html
Date added to DSIRE 2004-02-12
Last DSIRE Review 2006-10-28



References DSIRE[1]


Summary

The New Jersey Board of Public Utilities, in partnership with the New Jersey Economic Development Authority, offers local governments and schools a low-interest, long-term financing program that allows them to combine traditional energy efficiency and renewable energy incentive programs. Financing under this program will cover the entire incremental cost of energy efficiency and renewable energy projects, enabling the governmental entities to finance the projects with no up front capital costs.

The Clean Energy Financing Program can be combined with the New Jersey Clean Energy Program's incentives for a wide range of energy efficient technologies and renewable energy systems. For a listing of the incentives for specific energy efficient technologies, please visit the Smart Start Buildings webpage at www.njsmartstartbuildings.com. For details on the renewable energy rebate program, please visit the website at www.njcep.com.

Visit the program website shown above for a project application.


Incentive Contact

Contact Name Benjamin Scott Hunter
Department New Jersey Board of Public Utilities
Division Renewable Energy Program Administrator, Office of Clean Energy
Address 2 Gateway Center

Place Newark, New Jersey
Zip/Postal Code 07102
Phone (609) 777-3300



Website http://www.bpu.state.nj.us
     
     

  • 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)"