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New Jersey: Home Performance with ENERGY STAR®


|    Loan Features   |    Current Interest Rates   |
|    Eligible Measures   |    How to Apply   |

New Jersey Home Performance with ENERGY STAR® is brought to you by the New Jersey Board of Public Utilities, the New Jersey Clean Energy Program, and participating gas and electric utilities. This program offers residents of New Jersey the opportunity to install energy efficient improvements to their homes. All participating contractors are certified and accredited by the Building Performance Institute (BPI). A low-interest loan program is available through Energy Finance Solutions to help New Jersey homeowners install the recommended eligible measures.




Loan Features

Key features of an EFS loan:

  • Residential owner-occupied single-family and duplex homes
  • Unsecured loan (homeowner provides no collateral)
  • Borrowers can finance $2,500 - $20,000*
  • Fixed rate loan terms available: 3, 5, 7 and 10 years
  • No fees, points, or closing costs
  • No prepayment penalty
  • Can finance 100% of installation costs
  • Quick approval process - usually 30 minutes or less
Only approved Building Performance Institute (BPI) certified contractors are eligible to perform the installation under this program. To get in touch with a participating contractor, please contact the call center at: 1.866.NJSMART.

If you have questions about the BPI certification program, contact NJHPHelp@csgrp.com.

*Please see superscript #4, under the Current Interest Rates Table, below.

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Current Interest Rates

The availability of the interest rates below are subject to the work scope and energy-savings approval by the New Jersey Clean Energy Program (NJCEP). To be eligible for any of the below listed interest rates, work must be performed by a program participating, NJCEP certified contractor.

Installation of eligible measures resulting in energy savings of 10% or more1 Yes 0%2 
Installation of eligible measures resulting in energy savings of 20% or more1 Yes 0%2
Installation of eligible measures resulting in energy savings of 25% or more1 Yes 0%2 

Note: As of January 19, 2011, EFS is no longer accepting applications for NJ Natural Gas customers. New Jersey Natural Gas customers installing gas measures must apply directly with NJNG by calling (732) 378-4929.

1Projects achieving energy savings of 10% or more may be eligible for additional incentives. Please visit, www.njcleanenergy.com to learn more.

2The maximum loan amount available at the 0% interest rate is $5,000 for projects reaching between 10-19.99% energy savings. The maximum loan amount available at the 0% interest rate is $10,000 for projects reaching 20% energy savings or more. This is based upon the assumption that the applicant would also be eligible for the 50% rebate available through the New Jersey Clean Energy Program for work achieving 20% or more energy savings. Please visit, www.njcleanenergy.com to learn more.

Click here for a loan calculator to view your monthly payment amount and show your interest cost savings.

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Eligible Measures

The Home Performance with ENERGY STAR Loan is designed to promote the installation of high efficiency measures, making your home more energy efficient. Therefore, all measures to be installed must meet minimum efficiency requirements to be eligible for financing. The following list provides you with the efficiency requirements of all measures eligible for financing. In addition, any measure type from this list that meets ENERGY STAR standards qualifies for financing.

Home Performance with ENERGY STAR® Eligible Measures
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How to Apply

NOTICE: Effective July 26, 2010, Energy Finance Solutions has been authorized to resume accepting credit applications for the New Jersey Home Performance with ENERGY STAR loan program. Please visit www.njcleanenergy.com/residential/programs/home-performance-energy-star/home-performance-energy-star-r for more information on customer incentives currently offered through the program.

Before you select one of the four options below please download the document, "6 Easy Steps." 6 Easy Steps is a simple step by step instruction guide designed to assist you through the loan process.

Please note: Any homeowner with a credit history involving a foreclosure, bankruptcy, or repossession in the past 7 years will be ineligible for this loan.

Below are four ways that you can apply for the Energy Efficiency Improvement Loan Program.

A) Apply online

Click on the link below to submit an electronic credit application.
Online credit application

Applying online is the most efficient way for us to process your application. If you apply online, we will respond to you by e-mail if you choose to provide your e-mail address. You will also be notified by mail.

B) Print the application

Click here to download the credit application. Please note the credit application is not a contract for a loan nor does it lock you into any commitment with a contractor. The credit application will allow us to proceed with your request for a loan to finance your improvement(s).

C) Phone pre-approval

You may call 1.888.264.4367 to obtain a pre-approval by phone.

D) Request an application packet by mail

You may request an application packet by mail by calling 1.888.264.4367.

In order to fully process your loan, you will need to mail or fax the following information in addition to the Credit Application:

  • Documentation of current income, such as a recent pay stub reflecting year-to-date income. If you are self-employed, please submit a copy of the previous year's Federal Tax Return, including Schedule C.
  • Copy of a recent gas and electric bill, showing the service address, and gas and electric usage.
Submit to:
Energy Finance Solutions
431 Charmany Drive
Madison, WI 53719
Fax: 608.249.5788

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