New NJ Energy Grants Could Help Southern Ocean County Businesses Cut Costs
New NJ Energy Grants Could Help Southern Ocean County Businesses Cut Costs
Learn the latest on financing and incentives
Businesses across Southern Ocean County may soon have new opportunities to lower energy expenses, upgrade facilities, and invest in cleaner technologies thanks to recent changes approved by the New Jersey Economic Development Authority (NJEDA).
The NJEDA has expanded two key programs, Take Charge and NJ Cool, to provide more funding for projects that reduce energy use, support renewable energy, and improve reliability. The changes are part of New Jersey's broader effort to increase power generation, ease pressure on the electric grid, and help businesses manage rising utility costs.
Take Charge Program: Support for EV Fleets
The Take Charge Program helps commercial organizations install electric vehicle (EV) charging infrastructure for private fleets. Businesses that operate delivery vehicles, service trucks, municipal fleets, or other commercial vehicles may be eligible to receive funding.
Under the updated program:
- The minimum grant award has increased from $50,000 to $100,000 per project.
- Applicants must include on-site renewable energy generation, such as solar panels, or energy storage systems as part of their project.
- The program is funded through the Regional Greenhouse Gas Initiative (RGGI).
For Southern Ocean County companies looking to transition fleet vehicles to electric power, these grants can significantly reduce upfront infrastructure costs while helping lower long-term fuel expenses. Go directly to site for more information
NJ Cool Program: Funding Building Improvements
The NJ Cool Program is designed to help businesses and institutions improve the energy efficiency of their buildings. Businesses in Lacey, Barnegat and Little Egg Harbor may be eligible.
Eligible projects can receive grants covering up to 50% of project costs, with awards reaching as much as $1 million.
Projects may include:
- Upgrading heating and cooling systems
- Improving building efficiency
- Installing solar energy systems
- Adding battery storage technology
For business owners with aging buildings, warehouses, offices, hotels, healthcare facilities, or commercial properties, these improvements can reduce monthly utility bills while making facilities more comfortable and resilient during periods of high energy demand. Go directly to site for more information
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