New Jersey’s Clean Energy Program (NJCEP) is launched and will incorporate the Environmental Defense Fund (EDF)’s Investor Confidence Project (ICP) energy efficiency protocols into the state’s Pay for Performance (P4P) program as an alternative compliance path.
The Pilot is designed to assess the benefits of adopting ICP protocols for NJCEP’s commercial and industrial projects with a goal of:
The program is currently accepting projects into the P4P/ICP Pilot.
Program Offerings and Incentives
The ICP Pilot will offer up to $35,000 of additional incentives to qualifying Investor Ready Energy Efficiency™ certified projects and conducting measurement and verification.
The Pilot is designed to assess the benefits of adopting ICP protocols for NJCEP’s commercial and industrial projects with a goal of:
- Successfully incorporate ICP protocols into the NJCEP P4P Existing Buildings Program with minimal disruption to the current Program and its stakeholders, while facilitating access to private financing and projects through a more robust marketplace for energy efficiency services.
- Through the EDF-ICP Investor Ready Energy Efficiency (IREE™) protocols, provide to building owners and potential investors increased confidence in energy and energy cost savings. A secondary benefit is to test the market for the value of achieving the ICP IREE certification as a means to streamline financial underwriting.
The program is currently accepting projects into the P4P/ICP Pilot.
Program Offerings and Incentives
The ICP Pilot will offer up to $35,000 of additional incentives to qualifying Investor Ready Energy Efficiency™ certified projects and conducting measurement and verification.
Get Involved
If you are a credentialed project developer or part of the ICP Investor Network, we would love to help you get involved in this exciting new opportunity. Please contact us and we would be happy to discuss next steps, and facilitate introductions.
If you are a credentialed project developer or part of the ICP Investor Network, we would love to help you get involved in this exciting new opportunity. Please contact us and we would be happy to discuss next steps, and facilitate introductions.
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