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NJ Pay for Performance

Incentives for Existing Buildings – NJ Pay for Performance

P4P Program Milestones

Incentives

Requirements

Incentive #1

Between $5,000 and $50,000 is awarded (based on $0.10 per square foot) not exceeding 50% of the facility’s annual energy expense

Submit completed energy reduction plan approved by a program partner

Incentive #2

Incentives are based on projected level of electricity & natural gas savings from installation of ECMs

Installation of recommended measures

Incentive #3

Performance-based incentives for electricity & natural gas will be paid based on actual savings, on the condition that at least 15% savings are achieved

Complete post-construction Benchmarking Report verifying energy reductions based on one year of post-implementation results.

 

 

Incentives for New Construction – NJ Pay for Performance

P4P Program Milestones

Incentives

Requirements

Incentive #1

Between $5,000 and $50,000 is awarded (based on $0.10 per square foot) not exceeding 50% of the facility’s annual energy expense

Based on design development documents, submit completed energy reduction plan approved by a program partner

Incentive #2

Incentives based on $1.00 per square foot

Completion of as-built energy reduction plan

Incentive #3

Performance-based incentives based on $0.35 to $0.65 per square foot, on the condition that savings of at least 15% are achieved

Complete commissioning report with results verifying performance of energy-efficient equipment

 

 

Supplemental Financing through EE RLF (Energy Efficiency Revolving Loan Fund)**

Who is Eligible?

Incentives

Requirements

NJ-based commercial, institutional and industrial facilities [including 501 (c)(3) organizations] approved by the NJ P4P (Pay for Performance) program energy reduction plan

 

Entities participating in the NJ Board of Public Utilities’ Large Energy Users Pilot Program

 

Small scale CHP and Fuel Cells program offering incentives for up to 1 MW under New Jersey’s Clean Energy Program

 

Note: Multifamily housing component under the Pay for Performance program is not eligible for the EE RL

 

Low-interest loans (interests ranging 2-4%) are available to support 80% of the total eligible energy-efficiency project costs, not exceeding $2.5 million or 100% of total eligible project costs from all public State fundig resources

Existing Buildings:  with at least 100 kW* peak demand generated in any of the 12 preceding months and an energy reduction plan capable of at least 15% energy savings

 

New Construction:  of at least 50,000 square feet*of planned conditioned space and an energy reduction plan capable of achieving energy savings of at least 15%

 

(*Conditions not required for: hospitals, public colleges & universities, 501 (c)(3) non-profits, local government entities)

 

**currently suspended

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Tuesday, February 14, 2017 - 13:01

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