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Funding Resources
Funding Resources
| NJ CHP Grants | |
|---|---|
| Type of Incentive | Grant |
| Eligible States | NJ |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Coal, Hydrogen, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Critical Information | On March 31, 2009, New Jersey's Governor, Governor Jon S. Corzine, signed legislation that will help support cogeneration projects. One of the bills the Governor signed was Bill A2507/S1932, which authorizes New Jersey's Board of Public Utilities (BPU) to use Retail Margin Fund monies to provide grants for combined heat and power production, energy efficiency projects, and programs promoting renewable energy and energy efficiency. Currently, there is already over $100 million in the Retail Margin Fund, and of the funding available, $60 million will be appropriated to provide grants to companies seeking to install or expand combined heat and power production. This money will primarily be used to develop cogeneration facilities, and will provide a $450 rebate for every kilowatt of capacity installed. |
| Start Date | 3/31/2009 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | The bill, S-1932, authorizes the BPU to use revenue from the existing retail margin charge levied against large industrial or commercial energy consumers to fund grants for projects designed to lower energy usage and reduce energy cost by those consumers. Specifically, the grant program will apply to projects which promote combined heat and power co-generation to tap the heat produced from electrical generation to offset other utility bills. All grants will be awarded on a first-come, first-serve basis, and grant amounts will vary based on the amount of energy generated per company. |
| Web Site |
http://www.nj.gov/bpu/ |
| Additional Web Site |
http://www.njleg.state.nj.us/2008/Bills/S2000/1932_I1.HTM |
| Primary Contact |
General Contact Information Two Gateway Center 8th Floor Newark, NJ 07102 U.S.A. (800) 624-0241 |