New Jersey will use its Recovery Act SEP funding to improve energy efficiency and promote the use of renewable energy across the state's economic sectors. New Jersey's Housing and Mortgage Finance Agency will implement several financial incentive programs that will help support residential solar, residential energy efficiency, and multi-family energy efficiency improvements.
The state will also use Recovery Act SEP funds to expand its existing Clean Energy Program (CEP), administered through the New Jersey Board of Public Utilities. With the expanded program, the state will be able to offer energy efficiency support to consumers that are not currently eligible for funds. The CEP will work with a variety of energy efficiency initiatives, including the Home Performance with ENERGY STAR Program, the Pay for Performance Program, the Local Government Energy Audit Program, and the Direct Install Program.
Recovery Act SEP funds will also support comprehensive energy audits and energy efficiency upgrades for three state institutions with multi-building campuses that provide various services for developmentally disabled citizens. New Jersey will put in place energy conservation measures that maximize energy cost savings, energy consumption and greenhouse gas emission reductions, job creation, and public benefit.