| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | New Jersey |
| Incentive Type: | Rebate Program |
| Web Site: | http://NJCleanEnergy.com/Cool |
| Administrator: | New Jersey Board of Public Utilities, Office of Clean Energy |
| Funding Source: | New Jersey Societal Benefits Charge (public benefits fund); State Energy Program (SEP) funds |
| Eligible Renewable/Other Technologies: | Geothermal Heat Pumps |
| Eligible Efficiency Technologies: | Clothes Washers, Refrigerators/Freezers, Heat pumps, Air conditioners |
The COOLAdvantage Program’s objective is to improve the energy efficiency of new electric air conditioners and heat pumps. To promote both the sale of energy efficient units and proper installation techniques, the New Jersey Clean Energy Program offers rebates for properly sized and installed high efficiency systems. In order to qualify for a rebate, the unit must meet a minimum energy efficient standard, based on its SEER, EER or HSPF ratings. Customers of Atlantic City Electric, Jersey Central Power & Light, PSE&G and Rockland Electric Company are generally eligible to apply for this rebate; however, funding is also available for oil, propane, and municipal electric utility customers.
Builders of new homes are not eligible to participate in the CoolAdvantage program but are encouraged to participate in the Residential New Construction program. New Jersey also offers incentives for water heaters, furnaces, and boilers through the WarmAdvantage program.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
