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NJ EnergyStar Homes Program Offers Builders Generous Financial Incentives

By Vincent J. Mangini

The NJ EnergyStar Homes Program offers builders generous financial incentives to construct residential dwellings that are at least 15% more efficient than homes built in accordance with the 2006 International Energy Conservation Code (IECC 2006) provided that they are located in a Smart Growth Area (i.e. Planning Areas 1 and 2 and designated centers) and score 85 or less on the Home Energy Rating System (HERS) Index.  Dwellings that meet these and other technical requirements place within the Tier 1 category of the NJ EnergyStar Homes Program.  Builders of Tier 1 dwellings are eligible to receive $2,500.00 for each single family home, $1,300.00 for each townhouse and $700.00 for each multifamily unit.  Larger per unit amounts are available for homes that satisfy the more rigorous Tier 2 and Tier 3 (a/k/a NJ Climate Choice) category requirements.

Full post as published by New Jersey Law Blog on May 13, 2010 (boomark / email).