Solar & Battery Regulation & Incentive Programs

New Jersey Natural Gas- SAVEGREEN Commercial On-Bill Financing Program

Program Overview

Category:: Financial Incentive
Program Type:: Loan Program
Implementing Sector:: Utility
State:: New Jersey
Eligible Storage Technologies:: Refrigerators/Freezers, Lighting, Motors, Motor VFDs
Website:: https://www.savegreenproject.com/businesses
Maximum Loan:: Up to $130,000
Loan Term:: 0% APR fixed rate for 10 years
No fees, points, or closing costs
Interest Rate:: 0% APR
Applicable Sectors:: Commercial, Industrial, Local Government, State Government, Federal Government, Installers/Contractors
Last Updated:: 02/11/2019

Summary

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 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 up to $130,000 for a period of 10 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.