RENEWABLE ENERGYRenewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.
About 13 percent of primary energy comes from renewables, with most of this coming from traditional biomass like wood-burning. Hydropower is the next largest source, providing 2-3%, and modern technologies like geothermal, wind, solar, and marine energy together produce less than 1% of total world energy demand.
Renewable energy technologies are sometimes criticized for being unreliable or unsightly, yet the market is growing for many forms of renewable energy.
Climate change concerns coupled with high oil prices and increasing government support are driving increasing renewable energy legislation, incentives and commercialization.
New Jersey’s Clean Energy program is making renewable energy technologies like solar, wind, and biomass affordable, practical, and accessible.
Learn how to implement renewable energy generation technologies and systems and how to save on energy costs now and in the future. Whether it’s rebates that save you up to 70% off the cost of installing a solar electric system, low-interest loans for businesses and schools that want to combine energy-efficient and renewable energy technologies, or grants for utility scale projects and startup businesses, New Jersey’s Clean Energy program is making it work for everyone.
The New Jersey SREC Program provides an additional source of financing for clean, emission-free solar electricity. Through the program, New Jersey electric suppliers who are required to invest in a minimum amount of solar energy under New Jersey's Renewable Portfolio Standards (RPS) can buy SRECs from solar electric system owners – big and small.
Low-interest loans and grants make it more affordable and cost effective to make investments in renewable energy systems and energy-efficient equipment. Financing programs are designed to help businesses, schools, and municipalities invest in the best-performing equipment, which will realize substantial energy cost savings today and in the future and deliver substantial environmental benefits.
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