HVAC Breaking News

Aug. 5, 2011: PSE&G Expands Investments in Energy Efficiency Programs

August 5, 2011
/ Print / Reprints /
ShareMore
/ Text Size+
NEWARK, N.J. — Public Service Electric and Gas Co. (PSE&G) has received approval from the New Jersey Board of Public Utilities (BPU) to make additional investments in the company’s existing energy efficiency programs. The utility announced it will invest an additional $95 million to bring energy efficiency measures to hospitals, municipalities, non-profits, and multi-family housing units, including affordable housing and senior projects. This is an extension of a $166 million program approved in 2009 to provide energy audits and the direct installation of energy efficiency measures to customers who might not otherwise have been able to afford them.

The two-year program extension will provide additional investments in three program segments that are fully subscribed and have a backlog of customers who wish to participate.

• Hospital Efficiency Program: New Jersey hospitals have been particularly hard hit by the economic turndown. The program’s integrated approach to energy efficiency for this undercapitalized market sector has provided significant infrastructure improvements to urban hospitals. This extension will permit an additional $50 million investment targeted to in-patient medical facilities located in PSE&G’s electric and/or gas service territory. A free Investment Grade Audit will determine potential savings derived from a variety of measures and technologies including the installation of HVAC, humidification, ventilation motors, energy management systems, and other energy consuming equipment. On average, hospitals will repay about 30 percent of the cost of improvements over three years, interest free, on their PSE&G bill.

• Municipal/Local/State Government Direct Install Program: An investment of $25 million is available to government and non-profit facilities that receive electric and/or gas service from PSE&G. The program addresses a market segment consisting of numerous government and institutional facilities that are experiencing reduced revenues and struggling to hold down tax assessments. Government buildings, schools, universities and county colleges, community centers and regional authorities all are eligible. The program is targeted to buildings with annual peak demand use at or below 150 kilowatts. Customers receive an energy evaluation and report of recommended energy-savings improvements. Lighting upgrades are the primary improvement available under this program, with refrigeration, HVAC upgrades, and other energy-saving measures considered where appropriate. PSE&G will initially pay the full installation costs for all recommended energy savings improvements with the customer repaying 20 percent of the total cost to PSE&G over two years, interest free, on their PSE&G bill.

• Residential Multi-family Housing Program: About $20 million will be invested to address the needs of multi-family housing projects with five or more units. Eligible projects include New Jersey Housing and Mortgage Finance Agency (NJHMFA) financed projects and non-NJHMFA projects including garden, low, mid, and high-rise developments. Building owners receive an Investment Grade Audit at no cost. Cost-effective projects identified by the audit may include upgrades to lighting, HVAC, humidification, ventilation, windows and doors, motors, and other energy consuming equipment. Measures with a simple payback of 15 years or less will be considered for retrofit or replacement opportunities. PSE&G will pay all upfront costs. On average, the customer will repay 30-35 percent of the installed equipment costs, interest free, through their PSE&G bill.

All auditing services for the programs are provided through qualified audit and engineering professionals employed by PSE&G and hired through a competitive bid process. The program participants will hire local contractors to install the approved equipment.

For more information, visit www.pseg.com.

Publication date: 08/01/2011

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con