$2.4 Million from Bipartisan Infrastructure Law to Boost Energy Efficiency Across New Jersey
Washington, DC – The federal government is awarding $2.4 million from the Bipartisan Infrastructure Law to establish a new revolving loan fund that will advance energy efficiency and transform public buildings across the state.
This funding, awarded through the Energy Efficiency Revolving Loan Fund (RLF) Capitalization Grant Program, is set to make a meaningful impact on government buildings, museums, parks, hospitals, schools, corrections facilities, and transportation centers.
This funding not only reduces energy costs but is designed to drive job creation, boosts local economies, and delivers cleaner air for New Jersey communities. The program is designed to modernize public spaces across the state—from schools and hospitals to government offices and transportation centers.
The grant program is designed to help states like New Jersey leverage private capital and achieve significant energy savings. Moreover, the program aligns with the Justice40 Initiative, ensuring that 40% of federal climate and clean energy benefits are directed to disadvantaged communities, fostering equitable growth and sustainability.
New Jersey’s state energy office will manage the revolving loan fund, which is expected to generate long-term economic benefits by reducing energy costs, fostering job growth in the clean energy sector, and lower carbon emissions statewide.
