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NJ

NJ Clean Energy Loans (NJ CELs)

$80 million co-lending program offering loans of $500,000–$20 million to small businesses financing clean energy projects, infrastructure, or clean energy product manufacturing in NJ.

About this program

Visit the program website for full details.

Eligibility

NJ-based businesses for clean energy infrastructure or installation projects physically located in NJ, or businesses with at least 50% of FTE employees in NJ. Must be in good standing with NJDOL and NJDEP. Uses demonstrated clean energy technology.

Requirements

  • Must have a physical location in New Jersey
  • For clean energy installation projects: must be physically located in NJ
  • For other projects: at least 50% of FTE employees must work in NJ