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RETROFIT NJ - Large-Scale Building Decarbonization Program (Phase 1)
New Jersey — state programMinimum grant award: $2,500,000; Maximum grant award: $10,000,000 per project/EIN (all projects); $12,500,000 per project/EIN for Thermal Energy Network projects; Maximum disbursement: 50% of total eligible project costs for for-profit commercial projects; 60% for Institutional and non-profit projec
The RETROFIT NJ Program provides grants to Commercial, Industrial, and Institutional building owners or equivalent tenants in New Jersey to fund large-scale retrofit construction projects aimed at building decarbonization. Eligible projects must involve Thermal Energy Networks or include work from at least three scope categories such as on-site renewable energy, electrification/fuel switching, refrigerant replacement, energy storage, or 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: $10,000,000 per project/EIN (all projects); $12,500,000 per project/EIN for Thermal Energy Network projects; Maximum disbursement: 50% of total eligible project costs for for-profit commercial projects; 60% for Institutional and non-profit projec
- 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 construction timeline. Buildings must be in NJ and meet specified property classes (4A, 4B, 4C multi-family, 15A–15F). Projects must have a minimum total eligible overall cost of $5,000,000 and demonstrate at least 1 metric ton of CO2e reduction per $250 of requested grant award over the project's useful life, verified by a qualified
- 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.