| State: |
New Jersey |
| Incentive Type: |
State Grant Program |
| Eligible Efficiency Technologies: |
CHP/Cogeneration |
| Eligible Renewable/Other Technologies: |
Fuel Cells |
| Applicable Sectors: |
Commercial, Industrial, Nonprofit, Local Government, State Government, Fed. Government, Institutional |
| Amount: | CHP greater than 1 MW-3 MW: $0.55/watt
CHP > 3 MW: $0.35/watt
Fuel Cells > 1 MW with waste heat utilization: $2.00/watt
Fuel Cells > 1 MW without waste heat utilization: $1.50/watt
|
| Maximum Incentive: | CHP: $3,000,000 or 30% of project costs
Fuel Cells: $3,000,000 or 45% of project costs |
| Equipment Requirements: | All systems must be new and greater than 1 MW
CHP systems must achieve annual system efficiency of at least 65%
Fuels cells without heat utilization must achieve annual system efficiency of at least 45% |
| Installation Requirements: | Must be a stationary system installed on the customer side of the meter |
| Program Budget: | $25 million |
| Start Date: | 01/17/2013 (current solicitation) |
| Web Site: |
http://www.njeda.com/web/Aspx_pg/Templates/Npic_Text.aspx?Doc_Id=...
|
The New Jersey Economic Development Authority (EDA) is offering grants for the installation of combined heat and power (CHP) or fuel cell systems to commercial, industrial, and institutional entities (including non-profits and public entities). All systems must be new and larger than 1 MW. Expansions of existing facilities may be eligible, though only the incremental expansion will be eligible for the incentive. In order to qualify for incentives, the applicant must pay the Societal Benefits Charge (SBC). Grant amounts are as follows:
- CHP systems greater than 1 and up to 3 megawatts (MW): $0.55 per watt
- CHP systems greater than 3 MW: $0.35 per watt
- Fuel cells greater than 1 MW with waste heat utilization: $2.00 per watt
- Fuel cells greater than 1 MW without waste heat utilization: $1.50 per watt
Grants are limited to $3,000,000 per project. CHP projects are capped at 30% of the project costs, and fuel cell projects are capped at 45% of project costs. Equipment must be commercially available, permanently installed, and installed on the customer side of the meter. Systems must have at least a 10-year all inclusive warranty or service contract and must be sized to meet the customer's electrical load (no more than 100% of historical annual consumption or peak demand). Third-party owned systems are eligible and must comply with the 10-year minimum warranty or service contract requirement.
In order to qualify for funding, projects are expected to use mature or emerging technologies that maximize energy production during peak demand periods with the least impact on the environment. The program will not support soft costs such as R&D or feasibility/engineering studies; equipment purchases or other activities associated with equipment that is not commercially viable; or building construction and land purchases. Under the current solicitation grant applications are reviewed and approved on a first-come, first-served basis. Proposed projects will be evaluated for funding based on readiness to proceed and efficiency; ability to create or maintain jobs; potential to reduce greenhouse gas (GHG) emissions; and the total energy to be created or saved. Please see the program web site for additional information and program materials.
