Clean Energy Financing for Local Schools and Governments (REDO Program)

October 28, 2006


The New Jersey Board of Public Utilities, in partnership with the New Jersey Economic Development Authority, offers local governments and schools a low-interest, long-term financing program that allows them to combine traditional energy efficiency and renewable energy incentive programs. Financing under this program will cover the entire incremental cost of energy efficiency and renewable energy projects, enabling the governmental entities to finance the projects with no up front capital costs. The Clean Energy Financing Program can be combined with the New Jersey Clean Energy Program's incentives for a wide range of energy efficient technologies and renewable energy systems. For a listing of the incentives for specific energy efficient technologies, please visit the Smart Start Buildings webpage at For details on the renewable energy rebate program, please visit the website at Visit the program website shown above for a project application.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New Jersey
Incentive Type: Loan Program
Web Site:
Administrator: New Jersey Board of Public Utilities
Start Date: January 2004
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Lighting
  • Chillers
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Custom/Others pending approval
  • Wind (Small)
  • Fuel Cells using Renewable Fuels
Loan Term: 3% to 5% interest rate, for varying loan terms


Name: Benjamin Scott Hunter
Organization: State of New Jersey Board of Public Utilities
Address: 2 Gateway Center
Newark NJ 07102
Phone: (609) 777-3300

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.