Buyer's Guide 2024
Wind Manufacturing Tax Credit
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Industry Recruitment/Support
- Implementing Sector
- State
- State
- New Jersey
- Eligible Storage Technologies
- Wind (All)
- Incentive Amount
- 100% of the qualified capital investment
- Maximum Incentive
- No specific per project limitation; $100 million limit for all offshore wind tax credits (may be exceeded if EDA deems appropriate)
- Terms
- Minimum $50 million investment and 300 new full-time employees; facilities must be located within a qualified wind energy zone (i.e., the South Jersey Port District); investment must yield a net positive benefit for the state; sales and transfers permitted subject to certain limitations.
- Administrator
- New Jersey Economic Development Authority
- Applicable Sectors
- Commercial, Industrial
- Budget
- Start Date
- 08/19/2010
- End Date
- 07/01/2024
- Last Updated
- 07/18/2021
- Funding Source
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