Funding

• Grants of up to $5M per year for municipal and county redevelopment authorities
• Loans up to $500,000 per year for private entities and $2M per year for public entities
• $10M is also available each year to support recreation/conservation, renewable energy, and affordable housing projects
• Funds are for environmental assessment, investigation, and remediation activities. Hazardous Discharge Site Remediation Fund (HDSRF) funds can also be leveraged to obtain funds from other sources such as U.S. Environmental Protection Agency (USEPA)

Ability to meet one-on-one with seasoned investors for feedback and possible funding opportunities.

Businesses and others can be reimbursed for 100% of the costs if on government property and 80% of costs if on private property, up to a maximum of:

• $750 per Level 1 charging port (provides 120 VAC up to 12 A)
• $4,000 per Level 2 charging port (provides 240 VAC from 12 A to 80 A)

• Assistance filling out application to the New Jersey Cannabis Regulatory Commission, whether it is conditional, annual or conversion
• General training to create and run a sustainable business operation

This fund loans up to $250,000 with fixed interest rates and flexible spending guidelines. The working capital loan can be used to support payroll, supplies, rent, utilities, marketing, advertising, and other business operation expenses.

The application process is straightforward and offers access to experienced nonprofit lenders and technical assistance providers.

• Loans at 3% below the financial institution's interest rate
• Minority-, Woman-, and Veteran-owned businesses receive an additional 1% interest rate reduction
• Businesses/projects located in overburdened communities receive a 1% interest rate reduction

• No more than $4.5M in new incentive commitments can be made towards ≥40% Fuel Cells during Fiscal Year 2023
• Of the $4.5M, no single prime mover manufacturer can qualify for a total of $1.5M in incentives for qualifying ≥40% Fuel Cells equipment
• Natural gas, hydrogen, biogas, and mixed fuel (such as, natural gas and biogas) CHP-FC equipment installed on the customer side of the utility meter is eligible for incentives
• 100% renewable fueled projects, including biogas and landfill gas-fueled projects which meet CHP program criteria, are also eligible to receive incentives

There is an entity cap of $4M per fiscal year.

• There is an entity cap of $4M per fiscal year, and available funding vary by technology
• Eligible annual costs include standard costs associated with electric and/or gas delivery and supply (for example, generation, transmission, distribution, SBC, etc.) and not those that are unique to the customer (e.g., energy management charges)

The program offers builders and raters varying incentives from $500 to $6,000+ per home.