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Energy Efficiency & Renewable Energy Incentives
 
The program provides tax deductions for the installation of energy-saving systems such as interior lighting, building envelope, and heating, cooling and ventilation systems.
The Renewable Energy Incentive Program (REIP) provides rebates that reduce the upfront cost of installing sustainable biopower projects in New Jersey.
 
New solar projects are not eligibile for incentives, but can register for Solar Renewable Energy Certificates (SRECs) through the SREC Registration.
  

Sales Tax Exemption Administration (S&U-6) is currently being

revised and some information contained in the current version may

not be accurate. View program website link below for more information.

The program provides funding to solar installation owners, including Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, Agricultural and Institutional.
 
The tax exemption applies to renewable energy systems used to meet onsite electricity needs.
The tax credit applies to suppliers or purchasers of liquefied hydrogen who sell or use the product as fuel to operate a motor vehicle. 
The tax credit provides $0.50 per gallon incentive to alternative fuel blenders of liquefied hydrogen.  
The tax credit provides incentive to eligible renewable energy systems or projects, such as solar, fuel cells, small wind turbines, geothermal systems, microturbines, combined heat and power systems.
A second generation biofuel production plant placed into service between December 20, 2006, and December 31, 2013, may be eligible for an additional depreciation tax deduction allowance equal to 50% of the adjusted basis of the property.
The tax credit provides 2.3¢/kWh for wind, geothermal, closed-loop biomass; 1.1¢/kWh for other eligible technologies. Generally applies to first 10 years of operation.
 
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