Clean Energy Financing for Businesses

October 23, 2006


The N.J. Clean Energy Program offers low-interest loans and loan guarantees to businesses that want to install energy efficient heating, air conditioning and lighting measures or renewable energy devices to lower their energy costs. The intent of the program is for businesses to use loans to pay for the balance of the project, up to $1 million, that was not covered by the Clean Energy Program’s grants or rebates (see N.J. Clean Energy). In order to apply, applicants should have a preliminary audit completed by a participating vendor, a list of which can be found on the N.J. Clean Energy website. After the audit, an applicant submits an application to the N.J. Clean Energy program for pre-approval. An approved application will include improvements for both renewable energy and energy efficiency. After the pre-approval process, the applicant submits the application to the N.J. Economic Development Authority for credit approval.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New Jersey
Incentive Type: Loan Program
Web Site:
Administrator: State of New Jersey Board of Public Utilities
Start Date:
Eligible Renewable/Other Technologies:
  • Lighting
  • Chillers
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Custom/Others pending approval
Maximum Loan: $1 million
Loan Term: 3% interest rate on 25% of bank loan up to $500,000; loan guarantee on 30% of bank loan up to $500,000


Name: Ronald Jackson
Organization: State of New Jersey Board of Public Utilities
Address: Via 8th Floor Receptionist
Trenton NJ 07102

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.