N.J. Considers Offering Energy Efficiency Loans Instead of Rebates to Save Ratepayers Money

N.J. Considers Offering Energy Efficiency Loans Instead of Rebates to Save Ratepayers Money.

The Newark Star-Ledger (9/26, Caroom) reports that Lee Solomon, New Jersey's head of the Board of Public Utilities, has stated that he wants to "look into cutting" the state funds that help New Jerseyans pay for home energy audits and energy-efficiency measures for their homes. Solomon is quoted saying, "We're just looking to go from a rebate-based program where money is collected from ratepayers and paid out to other ratepayers. ... We're looking to go to a revolving (loan) plan over time."