Clean Energy Incentives
Growing a Clean Energy Economy
New Jersey is committed to 100% clean energy by 2050. The New Jersey Economic Development Authority (NJEDA) offers several offshore wind incentives and initiatives to accelerate the growth of renewable energy. The State of New Jersey also has programs to promote increased energy efficiency for businesses.
Offshore Wind Tax Credit Program
The Offshore Wind Tax Credit is a powerful financial tool designed to spur private capital investment and employment growth in major, land-based offshore wind industry projects. The tax credit program provides reimbursement for capital investments in industry-specific facilities located in the seven southern counties of New Jersey.
Offshore Wind Supply Chain Registry
The New Jersey Offshore Wind Supply Chain Registry allows companies to publicly indicate their interest and ability to supply components and services for US East Coast offshore wind projects. Simultaneously, it serves as a resource for companies looking to buy from and partner with New Jersey-based firms.
Clean Energy Resources
New Jersey offers several energy sales tax exemptions for manufacturers located in Salem County or designated Urban Enterprise Zones (UEZs). In addition to NJEDA programs, other State departments and utility suppliers offer incentives and assistance to encourage businesses to develop clean energy technologies and for businesses and institutions looking to “go green.”
WHAT CAN CHOOSE New Jersey DO FOR YOU
Relocation & Expansion Services
We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.
Site Visits
We’ll make your property search seamless, so you find the site that best meets your relocation or expansion needs.
Economic Development Connections
Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.
Bill Noonan
Acting Chief Business Development Officer
Ryan Fox
Business Development Officer