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.
The tax credit provides $1.01 per gallon incentive to cellulosic biofuel producers.
The tax credit provides 1.1¢/kWh- 2.2¢/kWh incentive to specified renewable energy electricity producers.