(TRENTON) — Legislation Assemblymen Upendra Chivukula and Albert Coutinho are sponsoring to promote residential use of thermal energy and the creation of new cogeneration facilities across New Jersey is now law.
Chivukula and Coutinho said the law(A-3339) promotes the use of thermal energy that can provide more than one use and the creation of new co-generation facilities, thus supporting new jobs and boosting the state’s economy.
“This measure enables more consumers to purchase thermal energy, which in turn promotes energy efficiency and further New Jersey’s commitment to protecting our environment and acting more responsibly and efficiently,” said Chivukula (D-Middlesex). “It also promotes the construction of new co-gen plants, the creation of new jobs and boost our state’s economy.”
Chivukula and Coutinho said the law has the potential to promote energy efficiency because thermal energy supports more than one use. In addition, the law is intended to promote the construction of more co-generation facilities because it exempts plants built after March 2009 from the tax imposed under the Sales and Use Tax Act.
“By promoting thermal energy, New Jersey has an opportunity to expand this growing industry, which could lead to the construction of new co-gen plants across our state and mean new jobs for New Jerseyans who work in construction, building trades and engineering,” said Coutinho (D-Essex). “This is an exciting opportunity for our state to continue to take a lead in promoting energy efficiency while also supporting the creation of new jobs and bolstering our state’s economy.”
The bill was signed Saturday by acting Gov. Stephen Sweeney.
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