| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | New Jersey |
| Incentive Type: | Loan Program |
| Web Site: | http://www.savegreenproject.com/featured-pages/o-apr-on-bill-repayment-program#commercial |
| Eligible Efficiency Technologies: | Refrigerators/Freezers, Lighting, Motors, Motor VFDs |
New Jersey Natural Gas (NJNG) under SAVEGREEN Project offers 0% APR On-Bill Repayment Program (OBRP) for eligible small to mid-sized commercial, industrial, and local governmental buildings in its service area. The program in coordination with the Direct Install program offered through New Jersey Clean Energy Program, offers up to 100% of the financing cost for energy efficiency upgrades.
The Direct Install program, which is capped at maximum amount up-to $125,000 pays up to 70% of the cost of the project. NJNG customers can finance up to 30% of the remaining balance at 0% APR through the OBRP. The OBRP offers loans from $2,500 up-to $53,570 for a period of 2 years at 0% APR.
To qualify for the program, customers must have a good payment history with NJNG with no bankruptcies in the past 10 years. Please visit the program website for more information.
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No money down, 100% finance is available.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
