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Oilheat Efficiency

This report discusses the current state of oilheat efficiency in New Jersey, highlighting the importance of comprehensive energy efficiency efforts under the Clean Energy Program. With nearly 25% of homes relying on oil for heating, there’s a significant need for improvement, especially given the governor's goal of a 20% reduction in total energy use by 2020. It covers proposed initiatives such as establishing an oilheat efficiency trust fund, introducing sales tax exemptions for efficient heating equipment, and supporting consumer tax credits for energy-efficient installations.

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Oilheat Efficiency

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  1. Oilheat Efficiency Report on Developments in NJ for the RI GHG Stakeholders David Nichols April 26, 2007

  2. NJ Context • Comprehensive gas and electric energy efficiency through statewide “Clean Energy Program” • Almost 25% of homes heat with oil, along with some commercial bldgs. • Little oilheat EE programming outside low income weatherization • Governor’s goal: 20% total energy use reduction by 2020

  3. Oilheat Efficiency Opportunities • Has been some baseline improvement • Inefficient older coal conversions remain esp. in rental market • Newer oilheat equipment includes condensing boilers, dual pass & condensing furnaces, etc. • Insulation and weatherization of existing and new buildings

  4. FMA NJ Proposal • Advanced in context of statewide Energy Master Plan process • Establish oilheat efficiency trust fund • Legislature retail surcharge to support EE fund, programs & incentives • Equipment efficiency calculation utilizing an input/output BTU ratio concept as opposed to reliance on the DOE AFUE standard.

  5. NJ Proposal -- Additional Elements • Sales tax exemption for heating equipment which meets or exceeds established minimal efficiency ratings. • Develop a consumer tax credit program for installation of energy efficient equipment and energy conservation shell improvements. • Include Oilheat consumer energy evaluation tools and efficiency alternatives in Building Analysis.

  6. NJ Proposal -- Recent Progress • Extensive discussion among decentralized industry players • Discussion with NORA • Discussion with BPU: integrate into CEP program and portal • Possible legislation 4th quarter 2007 • Possible surcharge level 2% • Would yield about about $20,000,000 from residential users

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