New Jersey GREEN Loan Program for Renewable Energy and Energy Efficiency
Official: S 4766 — Establishes GREEN Loan Program in BPU to finance certain renewable energy and energy efficiency projects; appropriates $5 million.
Reading: The bill creates a new state-funded loan program specifically designed to finance renewable energy and energy efficiency projects, directly expanding access to clean-energy investments.
This is currently being reviewed by the state Senate.
In clear language
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.
How does this affect you?
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Who does this affect?
- Homeowners and renters looking to install solar panels or improve energy efficiency in their homes
- Small businesses and commercial property owners investing in clean energy upgrades
- Residents in low- and moderate-income communities who may have barriers to affording renewable energy projects
What can you do?
- Monitor the bill's progress through the New Jersey Legislature at njleg.state.nj.us and contact your state senator to express support
- If the program launches, inquire with the Board of Public Utilities about loan eligibility and application requirements for your renewable energy or efficiency project
Timeline
- 2026-10-05: Bill introduced in New Jersey Senate and referred to Senate Environment and Energy Committee
No New Jersey official has a verified action on this policy yet.
Related policies
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