Tax break for clean energy manufacturers in New Jersey
Official: S4828 — Extends eligibility for sales and use tax exemption certificate program administered by EDA to include certain projects undertaken by clean energy product manufacturers.
Reading: Extending tax exemptions to clean energy manufacturers reduces their operating costs and creates a financial incentive to grow clean energy production capacity in New Jersey.
The goal is to make it cheaper and easier for these companies to operate in New Jersey.
In clear language
This bill expands a New Jersey tax exemption program to help clean energy product manufacturers save money on equipment and materials purchases. Currently, the program helps certain businesses get exemptions from sales and use taxes; this bill adds clean energy manufacturers to the list of eligible businesses. The goal is to make it cheaper and easier for these companies to operate in New Jersey.
How does this affect you?
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Who does this affect?
- Clean energy product manufacturers operating in or moving to New Jersey
- New Jersey businesses that supply equipment or materials to clean energy manufacturers
- State and local governments (through potential reduction in sales tax revenue)
- Residents who may benefit from more clean energy manufacturing jobs in the state
What can you do?
- If you own or work for a clean energy manufacturing company, contact the New Jersey Economic Development Authority (EDA) to learn whether your business qualifies once the law passes
- Support or contact your state senator or representative to express your position on the bill
Timeline
- 2026-10-15: Bill introduced in the Senate
No New Jersey official has a verified action on this policy yet.
Related policies
- NJ LegislatureOct 19, 2026Tax break for clean energy manufacturers in New Jersey
This bill expands a New Jersey tax break program to help clean energy manufacturers buy equipment and materials without paying sales tax. The program is run by the state's economic development agency. This gives clean energy companies the same tax benefits already available to other manufacturers in the state.
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- NJ LegislatureOct 15, 2026Tax breaks for clean energy manufacturers in New Jersey
This bill would extend an existing tax exemption program to include companies that manufacture clean energy products in New Jersey. The program, managed by the state's Economic Development Authority, would allow qualifying manufacturers to avoid paying sales and use taxes on certain purchases. This aims to make it more attractive for clean energy companies to set up operations and create jobs in the state.
- NJ LegislatureOct 5, 2026New Jersey GREEN Loan Program for Renewable Energy and Energy Efficiency
New Jersey is proposing to create a new loan program called GREEN that would help residents and businesses pay for renewable energy and energy efficiency projects. The program would be run by the state's Board of Public Utilities and would have $5 million in initial funding. This is currently being reviewed by the state Senate.