Pay for Performance initiative is a part of NJCEP, a state-wide program administered by the New Jersey Board of Public Utilities (NJBPU), and is designed to provide incentives to commercial and industrial customers for upgrading their facilities through investments in energy efficiency.
The Pay for Performance program takes a whole-building approach to energy efficiency, and comprises of an existing buildings component and a new construction component.
In its role as an approved partner in the existing buildings component, SourceOne will provide technical services under direct contract to Pay for Performance participants.
The scope of the contract also covers the development of an Energy Reduction Plan (ERP) for each project with a whole-building technical analysis via an energy audit, a financial plan for funding any recommended energy efficient measures, and a construction schedule for installation.
Joseph Fiordaliso, commissioner of NJBPU, said: “The Pay for Performance program offers up to $3m in incentives to New Jersey customers whose facilities have an average annual peak electric demand of over 200kW, which is a powerful tool in helping improve the state’s overall energy efficiency picture.
“By accepting Veolia Energy’s SourceOne group into our Pay for Performance network, we are recognizing this company’s dedication to sustainable and energy efficient technologies, and its experience in incorporating these technologies into existing facilities.”
