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Clean Energy / Green Finance

Committing New Jersey to a path of 100% clean energy and growing the clean energy economy are core priorities for the State. That's why Governor Murphy's 2018 Economic Development Plan identifies clean energy as a focus sector for the State.  Aeriel-Shot-(3).jpg

Under the Murphy Administration, New Jersey has taken bold steps to accelerate our transition to a cleaner future. We've  committed to 100% clean energy use by 2050, becoming one of only six states in the nation with an energy storage target (2,000 MW by 2030). We are also actively supporting the roll-out of 330,000 zero emission vehicles (ZEVs) on our roads by 2025 through our "Partnership to Plug-in".

These commitments are backed by significant public and private funding for clean energy projects and businesses. For example, since 2001 the New Jersey Board of Public Utilities (NJBPU) has invested more than $7 billion in Clean Energy Programs. We've also seen more than $9 billion in public and private investment in the solar industry, including over $700 million in 2018 alone. 

All of this adds up to one thing: New Jersey is a clean energy state. That's why over 700 clean energy companies call NJ home, why we're #1 in the Northeast in installed solar capacity, and why we're the # 3 state in the country for ease of procuring renewable energy

Whether you are focused on supporting the roll-out of clean energy projects today or you're trying to create the next generation of clean tech innovations for tomorrow, NJEDA's Clean Energy / Green Finance team is here to support and partner with you. We support businesses across a wide range of technology areas including: energy efficiency, solar, battery storage, offshore wind and vehicle electrification. Our Team collaborates closely with other state agencies, including the NJBPU, the Department of Environmental Protection(DEP), and the Department of Labor and Workforce Development(LWD) to support the whole-of-government approach to the clean energy sector. 

See below for more information on New Jersey's clean energy sector, available programs and resources, and exciting sector developments.
 

 
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Products and Services 

Innovation Economy Programs 
We are committed to nurturing the development of new technologies and ensuring that the State continues to be a leader in innovation. That’s why we offer a full range of programs and services to fuel the continuing growth of core industries vital to the State’s economy. So, whether you are an early-stage company, a research and development firm, a manufacturer, a service provider or other established business, the EDA may have the financing, real estate development and technical assistance tools to meet your specialized needs.

Our efforts can provide businesses like yours with low-interest financing through our matching loan programs, tax incentives, real estate, and networking opportunities with the investment community.
Learn more about our all our Innovation Economy Programs 

 

Small and Mid Sized Businesses 

Supporting small to mid-sized businesses has always been one of our top priorities. The NJEDA has creative and versatile loan solutions available to small to mid-sized businesses. Contact us to determine if any of our programs are the right fit for your small to mid-sized business needs.
Learn More about all our Small & Mid-Sized Business Solutions 
 

Large Business & Development 

The NJEDA offers a full range of programs to help support large corporations that are creating or retaining jobs in New Jersey. Our incentives are attractive to existing large companies in the state, as well as those considering New Jersey as a future home.Low-interest financing through bonds, direct loans, loan participations/guarantees, and tax incentives rank among the key reasons for large corporations to conduct business in New Jersey. 
Learn More about all our Large Business & Development Solutions
 

Salem County Energy Sales Tax Exemption 

The program provides an energy sales tax exemption for the retail sales of electricity and natural gas and their transport to manufacturing businesses in Salem County
Learn More 

 

Additional Resources 

Clean Energy in New Jersey 


 

Clean Energy Resources

Several organizations offer incentives and assistance programs to encourage businesses to develop clean energy technologies and for businesses and institutions "going green".

Organizations:

 

Other Clean Energy Resources:

New Jersey's Clean Energy Master Plan 


Contact Us

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Brian Sabina

Senior Vice President, Economic Transformation
bsabina@njeda.com
Office: 609-858-6756

 
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Pallavi Madakasira

Director, Clean Energy – Sector Lead
PMadakasira@njeda.com
Mobile: +1 609-960-5443
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Jonathan Ratner

Clean Energy/Green Finance Officer
jratner@njeda.com
Office: 973-855-3457  

 
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Fatou Jobe

Project Officer, Economic Transformation
Fjobe@njeda.com
Office: 973-855-3453