Clean Energy Financial Incentives for Hurricane Sandy Recovery
January 2, 2013
Author: Kenneth J. Sheehan, Esq., Cynthia L. M. Holland, Esq. and Alexandra M. Hill, Esq. View the article (pdf) With the decision by Congress to delay voting on federal funding for Hurricane Sandy recovery in the State, affected individuals, businesses, and municipalities should look to the New Jersey Clean Energy Program ("NJCEP"), through the New Jersey Board of Public Utilities ("NJBPU"), as a possible source of funding for recovery and rebuilding efforts. Individuals who have already purchased, or plan to purchase, new appliances for residential use are eligible for a rebate of up to $500.00 per energy efficient appliance. Businesses replacing equipment damaged by the storm, including HVACs, motors and drives, lighting and light controls, water heating, and refrigeration, are eligible for financial incentives from NJCEP for the purchase of qualifying energy-efficient equipment. Municipalities are also eligible for NJCEP rebates if a school, town hall, or community center must replace damaged equipment. Finally, customers of municipal electric providers and those who use oil or propane are eligible for select NJCEP rebate programs, with funding available on a first come-first serve basis. To read full article, please click above.