In order to promote a green economy in New Jersey, the EDA has created Clean Energy Solutions (CES). This suite of financing programs includes interest-free loans and grants to ensure that commercial, industrial and institutional entities have the resources they need to grow and prosper while simultaneously reducing New Jersey’s carbon footprint. Ultimately, CES supports New Jersey's commitment to clean and renewable energy.
Whether you are a New Jersey-based company “going green”, a manufacturer of clean energy systems or products, or an innovative company developing new green technology, Clean Energy Solutions may be able to help.
Be sure to check back throughout the year, as CES will be expanding with new programs.
| What’s Your Business Financing Goal? | What Your Company Looks Like | Options That May Be Available* |
|---|---|---|
| To purchase fixed assets, including real estate and equipment. | A New Jersey-based commercial, institutional or industrial entity, "going green" with an end-use energy efficiency project, combined heat and power (CHP or cogen) production facility, or state-of-the-art efficient electric generation facility. | Clean Energy Solutions Capital Investment (CESCI) Loan/Grant |
| To identify a manufacturing site, support site improvements, construct a facility, and/or purchase equipment. | A manufacturer of Class I renewable energy or energy efficiency systems, products or technologies. | Clean Energy Manufacturing Fund (CEMF) |
| To operate a qualified combined heat and power (CHP) project with an electric generated capacity of more than one megawatt. | A commercial, institutional or industrial electricity customer in New Jersey with electric demand of at least 750 kilowatts or such level of demand as subjects the customer to payment of the Retail Margin. | Combined Heat and Power (CHP) Program |
*All EDA offerings are subject to change, carry restrictions and require certain qualifications.