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New Jersey Natural Gas (NJNG) today filed with the New Jersey Board of Public Utilities (BPU) seeking to extend its current SAVEGREEN™ energy-efficiency offerings for an additional six months through December 31, 2024. Approved by the BPU on March 4, 2021, this cycle of programs went into effect on July 1, 2021, and is currently set to expire on June 30, 2024.
The proposed extension will help ensure existing energy-efficiency offerings remain uninterrupted for customers as NJNG prepares to file the next cycle of SAVEGREEN offerings on December 1, 2023. Once approved by the BPU, the new program cycle will begin January 1, 2025.
The SAVEGREEN program provides comprehensive solutions that drive lower energy costs and carbon emissions that support the State of New Jersey's energy-saving and greenhouse gas emission reduction goals. "The extension of our current SAVEGREEN program cycle helps ensure our customers have uninterrupted access to important energy-efficiency savings and enables them to better plan and budget over the longer term. It also helps minimize impact to contractors' portfolios of business," said Anne-Marie Peracchio, managing director of Marketing and Energy Efficiency at New Jersey Natural Gas.
NJNG's SAVEGREEN program provides solutions designed to help eliminate the barriers to energy efficiency for customers. Among the offerings are rebates and 0%* APR financing for equipment and whole-building energy-efficiency upgrades to meet the diverse needs and budgets of its residential and commercial customers, as well as special pathways to help low- and moderate-income customers.
In today's filing, NJNG is seeking approval to invest up to $76 million to cover the program offerings during the extension period. This is an addition to the $259 million previously approved by the BPU for the current three-year cycle.
Visit savegreenproject.com for details on NJNG's energy-efficiency offerings.
*Terms and conditions apply. All offers are subject to available funding. All loans are net of NJNG rebates. NJNG rebates and incentives do not apply to new construction. Visit savegreenproject.com for rebates and financing terms and conditions.
Posted In: NJR
