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The Christie administration announced Monday, Jan. 28 that enhanced financial incentives are available to help victims rebuild after Hurricane Sandy.
The N.J. Board of Public Utilities has increased rebate levels and expanded the list of qualifying equipment and products under New Jersey’s Clean Energy Program to help residents, businesses and local government entities replace storm-damaged equipment and appliances with products that are more energy efficient.
The new incentives and program changes are retroactive to Oct. 29, 2012 and will remain in effect until funds are exhausted.
The CEP is increasing rebate levels by $200 for residents who choose high energy-efficient equipment and appliances such as furnaces, boilers and water heaters to replace items damaged by flooding caused by Hurricane Sandy. Also, the board waived the Smart Growth requirement for customers who are completely rebuilding their homes or businesses as a result of Sandy’s devastation.
The Clean Energy Program is also offering increased incentives for commercial, industrial and local governmental entities that have or will need to purchase new equipment, as well as adding new incentives for qualifying food service equipment. This equipment includes commercial dishwashers, fryers, griddles, ovens and refrigeration, etc.
The enhanced incentives are available until approximately $45.5 million in current funding is exhausted. Since the rebuilding process will be ongoing with some homeowners and business owners possibly not rebuilding until later this year, additional enhanced incentive funding may be approved by the board in the 2014 budget, which begins July 1. If approved, enhanced incentives would be available to storm victims into the new fiscal year.
For information on rebate amounts, qualifying equipment and appliances, eligibility and how to apply see www.NJCleanEnergy.com