South Jersey Gas - Residential Loan Program

August 11, 2023

Summary

With Energy Finance Solutions, South Jersey Gas offers a loan program for residential customers to upgrade their gas HVAC system. Furnaces, boilers that meet specific energy efficient requirements are eligible to be funded at up to 100% of costs.


 Contact Energy Finance Solutions for more information and application.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: New Jersey
Incentive Type: Loan Program
Web Site: http://www.energyfinancesolutions.com/forhomeowners-nj-energy-star
Administrator:
Start Date:
Eligible Renewable/Other Technologies:
  • Water Heaters
  • Furnaces
  • Boilers
  • Duct/Air sealing
Maximum Loan: Installation of eligible measures resulting in energy savings of at least 5% and less than 20%: Maximum Loan of $5,000, Maximum Rebate of $2,000.

Installation of eligible measures resulting in energy savings of at least 20% and less than 25%: Loan Amount, Up to $10,000 (0%APR), $10,000 - $15,000 (0.99%APR), Maximum Rebate $3,000

Installation of eligible measures resulting in energy savings of at least 25% or more: Loan Amount, Up to $10,000 (0%APR), $10,000 - $15,000 (0.99%APR), Maximum Rebate $4,000
Loan Term: Fixed rate loan terms: 36 months (up to $5,000), 60 or 84 months ($5,000 - $10,000), 108 months (over $10,000 up to $15,000)
Interest Rate: 0% or 0.99%

Contact

Name: Program Information - Energy Finance Solutions Loans
Organization: South Jersey Gas
Address: 431 Charmany Drive
Madison WI 53719
Phone: (888) 264-4367
Email: efs@energyfinancesolutions.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.