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RETROFIT NJ – Large-Scale Building Decarbonization Grant (Phase 1)
New Jersey — state programMinimum grant award: $2,500,000. Maximum grant award: $12,500,000 per project/EIN for Thermal Energy Network projects; $10,000,000 per project/EIN for all other projects. Maximum disbursement: 50% of total eligible project costs for for-profit commercial projects; 60% for Institutional and non-profi
The RETROFIT NJ program provides grants to commercial, industrial, and institutional building owners or equivalent tenants in New Jersey to fund large-scale decarbonization retrofit projects. Eligible projects must involve Thermal Energy Networks or include work from at least three scope categories (e.g., on-site renewable energy, electrification/fuel switching, refrigerant replacement, energy efficiency improvements). Funds are disbursed on a reimbursement basis in milestone tranches.
Program details
- Type
- grant
- Amount
- Minimum grant award: $2,500,000. Maximum grant award: $12,500,000 per project/EIN for Thermal Energy Network projects; $10,000,000 per project/EIN for all other projects. Maximum disbursement: 50% of total eligible project costs for for-profit commercial projects; 60% for Institutional and non-profi
- Eligibility
- Commercial, Industrial, or Institutional building owners OR equivalent tenants seeking to complete retrofit construction projects in existing eligible building spaces in New Jersey. Tenants must demonstrate owner approval and a valid lease for one year beyond the project's construction timeline. Buildings must be in NJ and meet specified property classes (Class 4A, 4B, 4C multi-family, 15A–15F). Projects must involve Thermal Energy Networks OR include work from at least three eligible scope categories, have a minimum total eligible cost of $5,000,000, and demonstrate at least 1 metric ton of C
- Administrator
- New Jersey Economic Development Authority (NJEDA)
- More Info
- https://www.njeda.gov/retrofit/
Source: New Jersey — state program. Confirm current terms with the administering agency before applying.