CAI-NJ Apr. 2022

HIDDEN MONEY By Michael Mezzo, CPA, MBA, WilkinGuttenplan

W ho wouldn’t say yes to free money? Although most of us will spend a lifetime striking out on scratch-offs and lottery tickets, we can still find “free money” if we look hard enough. There is a plethora of programs available to homeowners and businesses that provide financial incentives on “going green.” Although these programs typically require an initial outlay of cash to install ener gy-efficient components, the incentives offered may make such

projects that once seemed “too expensive” become affordable. This article will discuss some of the state and federal programs available to both homeowners and community associations. Incentives for Individuals Some of the more well-known programs involve elec tric vehicles. During his tenure, Governor Phil Murphy has set a goal of registering 330,000 electric

“ This article will discuss some of the state and federal

vehicles in New Jersey by 2025. While this may have originally seemed like a lofty goal, many

programs available to both homeowners and community associations.”

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