Engineered Solutions Tier I

Get expert guidance to unlock long-term savings

Transform your facility with this energy-efficient solution for qualified large commercial and industrial customers to make high-impact, cost-effective upgrades. See customer eligibility in the Participation Requirements listing.

This program is more than just a service; it’s a comprehensive partnership designed to deliver long-term savings and enhanced building performance.

Details
With support from our trusted Program Allies, you will receive support with:

  • A no-cost ASHRAE Level II Audit

  • Engineering Design & Bid

  • Construction Administration & Commissioning

  • Measurement & Verification (M&V)

Ready to start saving? Contact us to determine if Engineered Solutions is the right program for you.

Are you ready to boost efficiency, cut costs and save energy?

  • Qualified MUSH (municipality, university, school, and hospital)
  • C&I, multifamily, and non-profit customers located in underserved areas
  • At least 200,000 kWh in first-year project savings
  • Minimum of two energy efficiency measures (2 custom OR 1 custom and 1 prescriptive)
  • Must use an approved Program Ally
  • Projects must pass the NJ Benefit Cost Test

Jan. 1, 2025 – June 30, 2027

Project Paybacks

Engineered Solutions Tier 1 incentives reduce a project’s simple payback by up to 6 years, with a minimum payback of 3 years. Because the incentive is based on the number of years bought down, not a fixed percentage of project cost, the incentive as a percentage of total project cost changes depending on the project’s payback before incentives are applied.

The following table shows the relationship between project paybacks of 5 and 25 years (without incentives). Potential incentives are highest, about 67% of project cost, for projects with a 9-year payback before incentives. At that payback, the full 6-year buydown is applied and the resulting payback is 3 years.

Projects with higher capital cost projects, and/or low savings to cost ratio, will have longer project paybacks. Project paybacks may exceed what is shown below, in which case the percent incentive reduces proportionally.

Payback Before Incentive Buydown Applied Payback After Incentive % of Project Cost Incentivized
5 yrs 2 yrs 3 yrs 40.0%
6 yrs 3 yrs 3 yrs 50.0%
7 yrs 4 yrs 3 yrs 57.1%
8 yrs 5 yrs 3 yrs 62.5%
9 yrs 6 yrs 3 yrs 66.7%
10 yrs 6 yrs 4 yrs 60.0%
11 yrs 6 yrs 5 yrs 54.5%
12 yrs 6 yrs 6 yrs 50.0%
13 yrs 6 yrs 7 yrs 46.2%
14 yrs 6 yrs 8 yrs 42.9%
15 yrs 6 yrs 9 yrs 40.0%
16 yrs 6 yrs 10 yrs 37.5%
17 yrs 6 yrs 11 yrs 35.3%
18 yrs 6 yrs 12 yrs 33.3%
19 yrs 6 yrs 13 yrs 31.6%
20 yrs 6 yrs 14 yrs 30.0%
21 yrs 6 yrs 15 yrs 28.6%
22 yrs 6 yrs 16 yrs 27.3%
23 yrs 6 yrs 17 yrs 26.1%
24 yrs 6 yrs 18 yrs 25.0%
25 yrs 6 yrs 19 yrs 24.0%