United Stales
                  Environmental Protection
State Incentives for Achieving Clean and  Renewable  Energy
Development on Contaminated  Lands
The development of clean and renewable energy on formerly used land offers many economic and environmental benefits. Combining clean and renewable energy and
contaminated land cleanup incentives can allow investors and communities to create economically viable clean and renewable energy redevelopment projects. This
document provides information about incentives in your state that can be leveraged for clean and renewable energy and development of contaminated land.
               ^  Incentives for Clean and  Renewable  Energy
Funding (grants, loans, bonds, etc.)
Renewable Energy Project Grants and Financing
Provides grants and financing up to 20% of eligible project development costs
for large-scale renewable energy facilities larger than 1 MW. This incentive is
under review and proposals are not being accepted at this time.

Renewable Energy Development Initiative (REDI)
Provides up to $50,000 for project design, feasibility studies, and permitting
processes. Eligible technologies include PV, wind energy, fuel cells, wave,
tidal, renewably generated hydrogen, and sustainably harvested biomass.

Tax Incentives  (abatements, deductions, credits, etc.)
Solar and Wind Energy Systems Exemption
Provides a full exemption to all taxpayers from the state's 7% sales tax for
all solar and wind energy equipment.

Property Tax Exemption for  Renewable Energy Systems
Exempts renewable energy systems from local property taxes. Applicable
sectors include: commercial, industrial, and residential.

Renewable Energy Incentive Program
Provides incentives and support services needed for participants to build
onsite renewable  energy projects  using solar (up to $1.75 / watt), wind (up
to $3.20 /kWh) and biopower (up to $5.00 / watt) technologies. Upfront
incentives are provided for solar electric installation (up to 50kW DC),
Sustainable Biomass, Wind - Terrestrial, and Fuel Cell. Applicant must be
a ratepayer of a NJ Board of Public Utilities-regulated electric and or
natural gas utility. Incentives are calculated on a per-site basis and are
dictated by the type of applicant, type of equipment, and the size of the

Technical Assistance and Other Incentives	
Solar Renewable Energy Certificates (SRECs)
Provides the opportunity for electric suppliers to buy SRECs to meet their
solar renewable portfolio standard (RPS). A generator can be
compensated up to $0.71 per kWh. In July 2008, the BPU issued an  order
requiring electric distribution utilities to submit plans for purchasing SRECs
from solar facilities through long-term contracts.
CleanPower Choice Program
Offers consumers the option to support renewable energy sources by
providing a choice in the type of power they can buy.

Net Metering	
Provides credits to customers' next bills at retail rate and is purchased by
utility at an avoided-cost rate at the end of a 12-month billing cycle. New
Jersey's Board of Public Utilities is restructuring its solar energy programs
and incentives; associated net metering rules have not yet been finalized.
                         Quick Facts
  Public Benefit Fund (PBF)                      Yes 0 No D
  Renewable Portfolio Standard                  Yes 0 No D
      22.5% by 2021:2.12% from solar; 17.88% from other Class I
      renewables; 2.5% from Class II or additional Class I renewables
  Net Metering                                  Yes 0 No D
  Interconnection Standards                      Yes 0 No D

              Electric Power Industry Generation by
                Primary Energy Source (EIA, 2006)
     Petroleum-Fired      0.5%   Nuclear            53.7%
     Natural Gas-Fired   25.8%   Hydroelectric        0.1%
     Coal-Fired          17.9%   Other Renewables    1.5%
                       Points of Contact
  Clean Energy Financing and Assistance Program
  Renewable Energy Project Grants and Financing, REDI
  www.njcleanenergy.com, info@njcep.com, (609) 777-3300
  New Jersey Board of Public Utilities (BPU)
  www.bpu.state.nj.us, (609) 777-3300
  Solar and Wind Energy Systems Exemption, Net Metering
  Benjamin Scott Hunter, benjamin.hunter@bpu.state.nj.us
  Property Tax Exemption for Renewable Energy Systems
  Department of the Treasury, www.state.nj.us/treas/treasmail.shtml
  New Jersey Board of Public Utlities
  Renewable Energy Incentive Program
  Tammy Gray, tammv.arav@csgrp.com. (732) 218-3412
  SRECs, njsrec@cleanpowermarkets.com, (201) 612-3221
  CleanPower Choice Program
  New Jersey CleanPower Choice Program, (866) NJSMART
Information current as of March 2009; please refer to www.dsireusa.org and the state Web sites
provided, or contact the points of contact identified above for more up to date information.
             New Jersey Incentives for Clean and Renewable Energy - Page '

                     Incentives for Development of Contaminated Land
Funding (grants, loans, bonds, etc.)
Hazardous Discharge Site Remediation Fund (HDSRF)
www.state.nj. us/dep/srp/finance/hdsrf/factsheet.htm
Provides low-interest loans and grants of up to $1 million to private entities
for site assessment and remediation activities, including up to $250,000 to
implement an innovative cleanup.

Brownfields Redevelopment Loan Program
Provides loans of up to $750,000 from the Economic Development
Authority (EDA) to meet remediation costs. EDA also works with the
Department of Environmental Protection to provide loans of up to $1 million
for up to 10 years for site investigation and cleanup.

Urban Site Acquisition Program
Provides project-specific loans for the acquisition, site preparation, and
redevelopment of urban redevelopment properties from a $20 million
revolving loan fund.

Pre-Development Loan Program
Provides up to $250,000 per project for pre-development costs, including
feasibility studies, architectural costs, environmental and engineering
studies, and other related costs, from a $2.5 million revolving loan fund.

Redevelopment Authority's Environmental Equity Program
Provides project-specific up-front capital to developers to assist with site
acquisition, remediation, and demolition costs for brownfields projects in
NJRA eligible municipalities, from a $9 million revolving loan fund.

Smart Growth Redevelopment Funding
www.state.nj. us/njbusiness/financing/enviromental/smart_growth.shtml
Provides short-term, low-interest financing up to $1 million to developers
for projects in NJ State Planning Areas 1 and 2. Eligible activities include
acquisition, demolition, and other pre-development costs.

Redevelopment Area Bond Financing
nuid=985&topid=718&levelid=6&midid= 735
Provides long-term, low-interest bonds to municipalities for infrastructure
improvements and other costs,  including demolition and remediation.
Bonds are secured by a Payment in Lieu of Taxes Agreement.
Community Development Fund
nuid=986&topid= 718&levelid=6&midid= 735
Provides up to $50,000 to finance feasibility studies and other pre-
development costs.

Tax Incentives (abatements, deductions, credits, etc.)
Environmental Opportunity Zones
www.state.nj. us/treasury/taxation/pdf/other_forms/lpt/eoz1.pdf
Allows municipalities to offset cleanup costs through incrementally
increasing real property tax abatements, for up to 15 years as needed.
Brownfield Site Reimbursement Fund
Provides reimbursement of up to 75% of authorized remediation costs
through a tax credit based on new taxes generated from the site.

Technical Assistance and Other Incentives	
New Jersey Brownfields Redevelopment Resources Kit
www.state.nj. us/dca/osg/docs/brownfieldsresourcekit.pdf
Provides a list of grants, loans, tax incentives, and programs from multiple
agencies for brownfields redevelopment and site activities.

Limitations on Liability	
New Jersey Department of Environmental Protection (NJDEP)
Offers No Further Action (NFA) letters with Covenants Not to Sue (CNTS).
The state Spill Act also contains an innocent purchaser defense, which
includes third party liability protection. Prospective purchaser agreements
are also available. Under state Natural Resources Damages policy, claims
for damages or compensatory restoration shall not be asserted against
brownfields developers that meet the innocent purchaser defense
requirements under state law.
                            Quick Facts
  Limitations on Liability                           Yes 0  No D
  Number of State-Tracked Contaminated Properties:     23,000
  Includes VCP sites
  Number of EPA CERCLIS Sites:                          579
  Sites identified for potential investigation under the federal Superfund Program
  Number of EPA Brownfields Properties:                     63
  Properties being funded or addressed under the EPA Brownfields Program
  There may be some overlap among the categories listed and sites listed may not
  represent all potentially contaminated sites in New Jersey.
                         Points of Contact
   New Jersey Department of Environmental Protection (NJDEP)
   HDSRF, Brownfields Redevelopment Loan Program, Environmental
   Opportunity Zones, NJDEP Limitations on Liability
   Ken Kloo, Ken.Kloo@dep.state.nj.us, (609) 292-1251
   New Jersey Redevelopment Authority, www.njra.us, (609) 292-3739
   Urban Site Acquisition Program, Pre-Development Loan Program,
   Redevelopment Authority's Environmental Equity Program
   Antonio Henson, ahenson@njra.state.nj.us
   New Jersey Economic Development Authority (EDA)
   Smart Growth Redevelopment Funding, Redevelopment Area Bond
   Financing, Community Development Fund
   www.njeda.com, njeda@njeda.com, (609) 292-1800
   New Jersey Division of Taxation
   www. state, nj. us/treasury/taxation
   Brownfield Site Reimbursement Fund
   Curt Seifert, curt.seifert@treas.state.nj.us, (609) 984-5111
Information current as of March 2009; please refer to
www.epa.gov/brownfields/pubs/st_res_prog_report.htm and the state Web sites provided,
or contact the points of contact identified above for more up to date information.
      New Jersey Incentives for the Development of Contaminated Land - Page 2