CAI-NJ May 2017

NJ CLEAN ENERGY PROGRAM: Save Energy, Save Money, and Get Paid To Do It

By Ben Rosenzweig, Energy Squared, LLC

E xecuting energy efficiency projects can be expen- sive. High efficiency equipment costs more than stan- dard efficiency equipment, construction takes time and costs money, and sometimes it just doesn’t seem worth it. Wouldn’t it be nice if you could execute an energy effi- cient project and get paid to do it? The New Jersey Clean Energy Program (NJCEP) is here to help. The NJCEP has a multitude of energy efficiency project incentive and rebate programs which are available to subsidize the costs of executing energy efficiency projects. Large or small, there is always something to be recovered. The NJCEP currently offers the following major programs, which are all available to qualifying customers for a variety of energy efficiency projects: Pay for Performance (P4P) P4P is a holistic building savings program for new construc- tion and existing buildings with an annual peak demand of 200 kW or more. With a maximum available incentive of $2 million per project, the P4P program offers the highest incentive of any NJCEP program currently available to most customers. In order to qualify for P4P, your energy efficiency project must yield 15% or higher source energy savings, and you will need to retain the services of a state approved P4P partner like Energy Squared. Incentives for this program

are issued in three phases and are limited by facility square foot- age, overall project cost, and actual source energy savings.

Direct Install (DI) The DI program is targeted towards commercial users with annual peak demand of less than 200 kW, annually. DI covers 70% of overall project cost, leaving only 30% of the cost for you to pay. Under this program, the NJCEP-appointed manager in your area will conduct a facility energy audit and recommend a menu of available energy efficiency projects. Following the audit and selection of projects, the NJCEP- approved installation contractor in your region will execute the projects and aid in rebate and incentive capture. SmartStart Bulidings The SmartStart Buildings program provides incentives for most retrofit and renovations projects. Certain new construction projects are also covered. This program covers

nearly all ener- gy consuming e q u i pme n t , CONTINUES ON PAGE 54

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