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Residential Energy Efficiency & Renewable Energy Programs

New Jersey’s Clean Energy Program ™ Residential Energy Efficiency and Renewable Energy Programs 2009 Mid-Year Program Plan Update Honeywell Market Manager Team May 20, 2009. Residential Energy Efficiency & Renewable Energy Programs. Energy Efficiency Programs

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Residential Energy Efficiency & Renewable Energy Programs

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  1. New Jersey’s Clean Energy Program™Residential Energy Efficiency and Renewable Energy Programs2009 Mid-Year Program Plan UpdateHoneywell Market Manager TeamMay 20, 2009

  2. Residential Energy Efficiency & Renewable Energy Programs • Energy Efficiency Programs • Home Performance with ENERGY STAR • Budgeting for Utility Programs • Zero Interest Loans • Tier 3 Incentive Changes • Residential New Construction • Tier 3 Incentive Changes • Renewable Programs • REIP • NJ Manufacturer Adder NJCEP 2009 Mid Year Revisions

  3. Home Performance with ENERGY STAR Program NJCEP 2009 Budget Impact: Tier 1&2 No Change

  4. Home Performance with ENERGY STAR Program *Note: Rate Council proposed <25% incentive be doubled to 20%, the cap increased to $4000 and that the applicant be eligible for 0% financing. NJCEP 2009 Budget Impact: Increase of $1.2MM

  5. Home Performance with ENERGY STAR Program NJCEP 2009 Budget Impact: Increase of $1.0MM

  6. NJCEP Budgeting for Utility Programs NJCEP 2009 Budget Impact: Increase of $7.735 MM

  7. NJCEP Zero Interest Loan Program NJCEP 2009 Budget Impact: Increase of $1.0MM

  8. Residential New Construction Program • Increase Tier 3 – Climate Choice Home Incentive • Increase up to $18,000.00 per unit • Projected 55 units signed in • Tier 1 & 2 - Unchanged NJCEP 2009 Budget Impact: Increase of $1.0MM

  9. Overall 2009 Residential EE Budget NJCEP 2009 Budget Impact: Rollover of $6.326 MM

  10. Overall 2009 Residential EE Budget NJCEP 2009 Budget Impact: Rollover of $6.326 MM

  11. Renewable Energy Incentive Program • New Jersey Renewable Energy Manufacturing Incentive (NJREMI) • Eligible equipment: solar panels, inverters, or racking systems manufactured in New Jersey including AC modules. • Rebates available to solar projects less than or equal to 500 kW that participate in the REIP or SREC Registration Program. • Funded from the REIP budget, with commitments not to exceed $1 million in 2009. • Not available to completed projects. NJCEP 2009 Budget Impact: Set aside of $1.0 MM

  12. Renewable Energy Incentive Program • NJREMI – Rebate Levels NJCEP 2009 Budget Impact: Set aside of $1.0 MM

  13. Overall 2009 RE Budget NJCEP 2009 Budget Impact: CORE Carry over of $26.02MM

  14. Residential Energy Efficiency & Renewable Energy Programs Questions?

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