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New Jersey

New Jersey

Incentives/Policies for Renewables & Efficiency

Printable Version
COOLAdvantage Program   

Last DSIRE Review: 01/25/2013
Program Overview:
State: New Jersey
Incentive Type: State Rebate Program
Eligible Efficiency Technologies: Heat pumps, Central Air conditioners
Eligible Renewable/Other Technologies: Geothermal Heat Pumps
Applicable Sectors: Residential
Amount:All systems: $500
Hurricane Sandy Adder: $200
Eligible System Size:Systems must sized appropriately for the dwelling
Equipment Requirements:Central AC, Ductless Mini-Split, Heat Pump: minimum 16 SEER, 13 EER, 8.5 HSPF (heat pumps)
Geothermal Heat Pumps: Energy Star
Funding Source:New Jersey Societal Benefits Charge (public benefits fund); State Energy Program (SEP) funds
Program Budget:$21.6 million (new 2012 funding for WarmAdvantage and CoolAdvantage combined)
Expiration Date:Oil, propane and municipal electric customers: 06/30/2013 or until funding is exhausted
Web Site: http://www.njcleanenergy.com/html/1residential/1_cool_advantage.h...
Summary:

Note: Residents affected by Hurricane Sandy are eligible for an additional rebate of $200 for qualifying heat pumps, geothermal heat pumps, and air conditioners purchased on or after October 29, 2012. Rebates for central air conditioners will no longer be available after February 24, 2013, except for areas impacted by Hurricane Sandy. See the program web site for certification information.

The COOLAdvantage Program’s objective is to improve the energy efficiency of new electric air conditioners and heat pumps. To promote both the sale of energy efficient units and proper installation techniques, the N.J. Clean Energy Program offers rebates for properly sized and installed high efficiency systems. In order to qualify for a rebate, the unit must meet a minimum energy efficient standard, based on its SEER, EER or HSPF ratings. Customers of Atlantic City Electric, Jersey Central Power & Light, PSE&G and Rockland Electric Company are generally eligible to apply for this rebate; however, effective July 1, 2012 funding is also available for oil, propane, and municipal electric utility customers.  This aspect of the program will continue until available funding is exhausted or until June 30, 2013. Builders of new homes are not eligible to participate in the CoolAdvantage program but are encouraged to participate in the Energy Star Homes Program. As of July 27, 2012 current rebate amounts are set at $500 per system for air conditioners, heat pumps, and geothermal heat pumps.


 
Contact:
  Customer Assistance - WarmAdvantage/COOLAdvantage Program
New Jersey Clean Energy Program
c/o Honeywell
145 Route 46 West
Wayne, NJ 07470
Phone: (866) 657-6278
Web Site: http://www.njcleanenergy.com/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.