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New Jersey Natural Gas Files To Extend SAVEGREEN Energy-Efficiency Programs Through 2016

Stocks in this article: NJR

New Jersey Natural Gas (NJNG) today submitted a filing to the New Jersey Board of Public Utilities (BPU) seeking to continue The SAVEGREEN Project® energy-efficiency programs for an additional four years. SAVEGREEN provides incentives, such as grants and on-bill repayment opportunities, to help NJNG customers upgrade their equipment and make their homes and businesses more energy efficient. The program also supports the state’s Energy Master Plan (EMP) goals of lowering customer costs, reducing emissions and encouraging economic development. By seeking a multi-year extension, NJNG is looking to provide customers and contractors with greater stability when it comes to replacing their heating equipment or hiring new employees.

“SAVEGREEN has been an incredible success in helping customers choose energy efficient options and encouraging job creation,” said Laurence M. Downes, chairman and CEO of New Jersey Natural Gas. “Since the average homeowner replaces their furnace only once every 15 to 20 years, it is critically important that we help make upgrading to high-efficiency equipment the easy choice.”

In the filing, NJNG proposes to update its grant program consistent with upcoming changes to the U.S. Department of Energy’s minimum furnace efficiency standards, and provide customers with incentives to upgrade their water heating equipment, as well as their heating, ventilation and air conditioning (HVAC) equipment. Customers who install high-efficiency heating or water heating equipment will be eligible to receive a $300 grant. If both high-efficiency heating and water heating equipment are installed at the same time, customers can qualify for a $900 grant or the opportunity to participate in NJNG’s On-Bill Repayment Plan (OBRP) for up to $6,500 at zero percent interest for five years. After the work is complete, customers will receive a Home Performance with Energy Star (HPwES) audit performed at no cost by an NJNG Building Performance Institute-certified home energy auditor to identify other energy-efficiency opportunities available. As an added benefit, customers who complete the audit and install recommended seal-up and insulation measures within the first six months of the OBRP will be eligible to increase the level of their OBRP to a combined total of $10,000 and adjust the repayment term from five to 10 years.

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