BPU hikes rebate levels for energy-efficient equipment purchases in wake of Sandy

TRENTON – The state is increasing rebates on high energy-efficient equipment in the wake of Superstorm Sandy.

The Board of Public Utilities said Friday it is increasing by $200 the rebate levels for purchases of such appliances or equipment, including furnaces, boilers and water heaters, that were damaged by flooding in last year’s hurricane.

The new incentives and program changes are retroactive to Oct. 29, 2012, BPU reported.

“To help New Jersey’s residents, businesses and towns rebuild in the aftermath of Hurricane Sandy, the Christie Administration has increased New Jersey’s Clean Energy Program rebate offerings and streamlined guidelines to more quickly deliver needed incentives,” said Bob Hanna, BPU president, in a release.

The Clean Energy Program is also offering increased incentives for commercial, industrial and local governmental entities that have or will need to purchase new equipment, as well as adding new incentives for qualifying food service equipment.  This equipment includes commercial dishwashers, fryers, griddles, ovens and refrigeration, BPU said.

The enhanced incentives are available until approximately $45.5 million in current CEP budget funding is exhausted, the state reported.

BPU said that since the rebuilding process will be ongoing with some homeowners and business owners possibly not rebuilding until later this year, additional enhanced incentive funding may be approved by the Board in the CEP 2014 budget, which will begin July 1. 

BPU hikes rebate levels for energy-efficient equipment purchases in wake of Sandy