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The HSH Blog

Mortgage & Housing Market News from HSH.com
July 3rd, 2008

States Offering Green Energy Options



States Offering Green Energy Options

The New Jersey CleanPower Energy Program is a statewide initiative established back in 2003 by the New Jersey Board of Public Utilities with the goal of reducing greenhouse gas emissions 20% by 2020.

New Jersey residents can either contact their local energy provider, or fill out a simple one page form to covert the energy that supplies their residence into a natural, renewable source. Under the CleanPower Program, customers will continue to receive only one bill that details their chosen amount and source of renewable energy.

CleanPower’s renewable energy options add additional charges on top of the existing bill, since renewable sources are relatively new and still being established. Customers can cancel their renewable resource option with CleanPower at any time with no fee. According to the program’s website, each household has the ability to eliminate over 10,000 lbs. of CO2 emissions per year, the equivalent of planting 1.35 acres of trees.

“Close to 90 percent of the state’s greenhouse gas emissions comes from the combustion of fossil fuel. Global warming, a consequence of increased greenhouse gas emissions, is a serious threat to New Jersey’s environment and coastal communities. By investing in clean power resources, New Jersey residents and businesses are playing an important role in improving air quality and reducing pollution.”
– Lisa P. Jackson, Commissioner
NJ Department of Environmental Protection

The Database of State Incentives for Renewables and Efficiency (DSIRE) provides federal, state, and local renewable energy information and resources for all 50 states. Contact your local energy provider to inquire if they participate in renewable energy plans.

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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