Interested in saving money on home energy bills? How about helping to fight climate change by reducing your carbon footprint? Or ensuring that the New Jersey communities most affected by environmental pollution get justice and help?

If so, the federal Inflation Reduction Act (IRA) of 2022 may have something to offer you – and your larger community.

A recent panel discussion moderated by the New Jersey League of Conservation Voters highlighted the many ways funding through the Inflation Reduction Act can be accessed by low- and middle-income families, along with community groups, schools, churches, nonprofit organizations and local governments.

“This is the biggest and boldest investment in our nation’s history – ever – that is taking action on climate change,” said Ed Potosnak, executive director of the NJ League of Conservation Voters. The law is projected to cut greenhouse gas emissions by 40 percent by 2030, positioning the United States to meet climate goals while investing in the economy.

The “Affordable Clean Energy Plan” within the IRA works by creating financial incentives for individuals and community organizations to invest in greener choices – whether it’s a family switching to a geothermal home heating system, or a school interested in moving to electric school buses.

“The IRA is paving the way for a cleaner and more resilient future, and it demonstrates that environmental policy can be a win-win for both our wallets and the planet,” said Potosnak.

At the same time, funding through the IRA’s “Thriving Communities Program” is advancing environmental justice for underserved and overburdened communities.

Thriving Communities grants are available for projects aimed at preventing and remediating pollution, improving climate adaptation and resilience, mitigating the urban heat island effect, and improving public health. Grants will also help train workers from disadvantaged communities for well-paying jobs in fields related to the environment and climate.

Consumer Incentives

The consumer clean energy incentives come through a combination of tax credits, rebates, and lower energy bills due to improved efficiency.

Millions of New Jerseyans are already eligible for tax credits, which make it more affordable to purchase an electric vehicle, install clean energy home heating systems, weatherize homes, and upgrade to high efficiency appliances. A tax credit is a dollar-for-dollar amount taxpayers can claim on their tax returns to reduce the income tax they owe or increase their refunds.

Rebates are not yet available in New Jersey, but the system is expected to be up and running by late 2024 or early 2025. Rebates differ from tax credits in that they will be given immediately, with no need to wait until tax returns are filed.

Here are some of the tax credits currently available under the program:

• Up to $7,500 on a new electric vehicle, up to $4,000 on a used electric vehicle, and up to $1,000 on an electric vehicle charger.
• A 30 percent tax credit on the cost of installing clean home energy systems, such as rooftop solar panels, geothermal heat pumps, battery storage systems, and small wind turbines.
• Up to $3,200 for weatherization home improvements to save energy. These include a home energy audit, new exterior doors and windows, insulation, and an upgraded electrical panel.
• Up to $2,000 off a heat pump water heater.

Want to know if you’re eligible for these incentives? Go to https://homes.rewiringamerica.org/calculator and fill in information about your ZIP code, household income, and the types of improvement projects you’d like. The calculator will provide detailed information about currently available tax credits, and rebates and upfront discounts that are expected to go into effect soon.

Environmental Justice

The panel discussion also outlined the ways IRA programs can help communities reduce pollution and become healthier. Jordana Vanderselt, director of operations for the organization WeAct for Environmental Justice, noted that 40 percent of the overall benefits of IRA must flow to marginalized, underserved or overburdened communities. WeAct has been designated as the regional hub for New Jersey and New York.

WeAct doesn’t carry out projects itself, but acts as a resource to help community groups find out what grants are available through the IRA, how to apply for them, how to design projects, how to develop partnerships with other organizations, how to engage the public and interact with local government, and how to manage grants and projects.

IRA funding is available for many kinds of initiatives, including building community gardens in urban areas, planting shade trees in cities to reduce the urban heat island effect and improve air quality, and turning parking lots into “pooling zones” to reduce flooding. All projects have a workforce development component, with training available to provide community members with the knowledge and experience to find well-paying jobs.

Could your community benefit from the Thriving Communities Program funding? Visit www.weact.org/tctac/training to find out more.

New Jersey is a state that is experiencing many impacts from environmental pollution and climate change. What’s more, not all communities are experiencing impacts equally. The IRA programs offer New Jersey a chance to reduce greenhouse gases, lower consumer energy bills, and help marginalized communities get the justice they deserve!

To review a recording of the NJ League of Conservation Voters’ panel discussion, go to https://youtu.be/Hp4POr0rEzg. New Jersey Conservation Foundation is pleased to have been a co-sponsor of the webinar.

And for information about preserving New Jersey’s land and natural resources, visit the New Jersey Conservation Foundation website at www.njconservation.org or contact me at info@njconservation.org.

NorthJersey.com, the Daily Record and the New Jersey Herald want to keep you up to date on all the newest shops, restaurants and service providers moving into your towns. Below is a roundup of businesses that recently opened or are coming soon.

Are you opening a business in North Jersey? Get the word out to your neighbors as soon as possible. Send us your information and photos and we will try to add them to our next new-business roundup.

We’re also interested in reporting business closings. Have a tip? Contact Business Reporter Daniel Munoz at munozd@northjersey.com, or 201-270-9870.

Bandai Namco Toys and Collectibles, American Dream, East Rutherford

The company behind collectible brands and toys like Tamagotchi and Anime Heroes has toys and products for sale from popular shows like “Dragon Ball,” “One Piece,” “Gundam,” “Naruto” and “Demon Slayer.” Photo opportunities available with full-sized statues at the front of the store.

WHERE: Court G, Level 1, American Dream mall, 1 American Dream Way, East Rutherford

WHEN: Ribbon-cutting May 31. Hours are 11 a.m.-9 p.m. Monday through Thursday, 11 a.m.-10 p.m. Friday and Saturday, and 11 a.m.-8 p.m. Sunday.

FOR MORE INFORMATION: Visit https://www.americandream.com/ or https://www.bandai.com/

Salus Per Aquam Spa, Randolph

Skin care and massage services, including skin analysis, anatomy, facial massages, waxing and skin alterations.

“Over the years, with our team of highly trained and knowledgeable professionals, we have honed expertise with a wide range of cutting-edge techniques and treatments,” said the owner, Ana Monica Gastón.

WHERE: 140 Route 10 West, Randolph

WHEN: By appointment only.

FOR MORE INFORMATION: Call 862-244-9900, email support@aquamhealth.com or visit https://salusperaquamspa.com/

Waffles & Dreams, Fairfield

Offering waffles, sweet and savory crepes, smoothies, shakes, pasties and grab and go options.

WHERE: 653 Route 46 West, Fairfield

WHEN: Grand opening is June 8. Hours are 11 a.m.-10 p.m. seven days a week.

FOR MORE INFORMATION: Visit the website at https://wafflesanddreamsnj.com/ or the Instagram page at https://www.instagram.com/wafflesanddreamsnj/

Daniel Munoz covers business, consumer affairs, labor and the economy for NorthJersey.com and The Record. 

Email: munozd@northjersey.com; Twitter:@danielmunoz100 and Facebook

WBGO is running a re-broadcast of the New Jersey Democratic Senate Primary Debate tonight at 11pm.

Three Democrats running to represent New Jersey in the United States Senate squared off in a live primary debate hosted by the ACLU of New Jersey, the League of Women Voters of New Jersey, and Salvation and Social Justice, in partnership with WNYC/New Jersey Public Radio, on Monday, May 13, at the South Orange Performing Arts Center (SOPAC).

The debate was free and open to the public; registration is required.

Candidates Patricia Campos-Medina, Larry Hamm, and Andy Kim participated in a debate moderated by WNYC’s Morning Edition host and WBGO’s Newark Today host Michael Hill.

The NJ Democratic Primary takes place on June 4, 2024.