New Jersey Natural Gas- SAVEGREEN Commercial On-Bill Financing Program

August 11, 2023

Summary

The new utility-managed Direct Install energy efficiency program is designed to provide generous incentives for comprehensive energy efficiency projects. When combined with our five year 0% OBRP, this program makes upgrading to high efficiency equipment a budget friendly pathway to saving energy, money and the environment.

The program is structured in two tiers to accommodate small and medium size facilities with an average annual electric demand under 200 kW.

Direct Install Program Includes

Rebates up to 70% of retrofit costs. Terms and Conditions apply
Incentive levels are based on the level of comprehensiveness of a project
5 year 0% APR On-Bill Repayment Program for qualified customers.

Loan Program Includes

5 year 0% APR On-Bill Repayment Program for qualified customers.
On bill financing through the NJNG OBRP:
Prescriptive: 0% APR $150,000 maximum for a five-year-term.
Custom: 0% APR $250,000 maximum for a five-year-term.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	New Jersey
Incentive Type:	Loan Program
Web Site:	https://www.savegreenproject.com/businesses
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Refrigerators/Freezers Lighting Motors Motor VFDs
Maximum Loan:	$250,000
Loan Term:	0% APR fixed rate for 5 years No fees, points, or closing costs
Interest Rate:	0% APR

Contact

Name:	Jennifer Gorka
Organization:	Southern Monmouth or Ocean County
Address:
Phone:	(732) 239-4308
Email:	jgorka@njng.com

Name:	Mike Mandzik
Organization:	Morris or Northern Monmouth County
Address:
Phone:	(732) 547-5023
Email:	mmandzik@njng.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.