"New Jersey can seize on the opportunity to be a leader in environmental justice and the transition to an equitable clean energy economy.”
Jane Cohen - Founding Executive Director of the Office of Climate Action and the Green Economy
Jane Cohen - Founding Executive Director of the Office of Climate Action and the Green Economy
Clean energy is vital for our future from both an economic development and environmental sustainability policy perspective. Through Executive Order 28, Governor Murphy set New Jersey on the ambitious path to 100% clean energy by 2050. Executive Order 315 accelerated New Jersey’s clean energy target to 100% clean energy by 2035, and we are moving full speed ahead.
New Jersey’s 2024 Energy Master Plan (EMP) sets forth a strategic vision for the production, distribution, consumption, and conservation of energy in the State of New Jersey. The state’s energy policy reflects the full scope of New Jersey’s current energy sector, as well as its future. We’ll create new jobs, industries, and workforce development as the state expands its green economy, providing exciting new opportunities for New Jersey’s residents and business community. The State is currently updating the EMP to reflect changes in technology, energy economics, federal actions, and consumer demands.
The Council on the Green Economy is overseen by the Office of Climate Action and the Green Economy and serves to develop a blueprint for expanding the green economy and building a diverse workforce to support the Administration’s clean energy and climate goals.
Transitioning to electric vehicles reduces greenhouse gas emissions, improves air quality, and moves the state to a cleaner, more sustainable transportation future. The Murphy Administration has implemented some of the nation’s most progressive programs to incentivize purchases of EVs and ensure the availability of charging infrastructure. Check out our successes in grant funding, outreach & education, utilities, collaboration & roadmaps, laws & executive orders, and policy. Please visit https://dep.nj.gov/drivegreen/.
The New Jersey Zero-Emission Vehicle (ZEV) Roadmap outlines the progress achieved, the challenges ahead, and strategies to encourage market transformation and accelerate the adoption of ZEVs.
The Inflation Reduction Act has created a unique tax credit mechanism called Elective Pay (also known as Direct Pay) that allows tax-exempt entities to receive direct payment equal to a federal tax credit for clean energy projects or investments. The filing deadline for projects placed in service in 2023 is November 15, 2024*.
The Governor’s Office Direct Pay site can help you determine which tax credit is right for you based on eligible entity or project type, and includes a step-by-step guide on how to apply.
Lawyers for Good Government also has an Elective Pay & IRA tax incentives resources page to help applicable entities identify projects and navigate the filing process.