Offshore Wind Tax Credit Program
The Offshore Wind Tax Credit is a powerful financial tool designed to spur private capital investment and employment growth in major, land-based offshore wind industry projects. The tax credit program provides reimbursement for capital investments in industry-specific facilities located in the seven southern counties of New Jersey.
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Clean Energy Resources
In addition to the EDA, several other organizations offer incentives and assistance programs to encourage businesses to develop clean energy technologies and for businesses and institutions "going green".
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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. The energy and utility services must be consumed exclusively at the facility.
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Urban Enterprise Zones (UEZ) Manufacturers Energy Sales Tax Exemption
Urban Enterprise Zone (UEZ)-certified manufacturers that employ at least 250 full-time workers, at least 50% of whom are involved in the manufacturing process, may be eligible for an exemption from the sales and use tax for electricity and natural gas utilities, both the commodity and its transmission, consumed at the UEZ-certified location.
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