Investor Presentaiton
Inflation Reduction Act: Key Strategic Elements for NJR
The IRA aligns with NJR's "all of the above"
approach on energy transition
Promotes investment and innovation across clean energy technologies that can help reach
2050 climate goals in the fastest, most affordable and most reliable way possible
Extension of / Multipliers on
Solar Investment Tax Credit
Increased to 30% for the next 10 years
Can be further increased
with stackable adders
CEV's portfolio is well-positioned to benefit
from adders
Transferability of ITCS
Increases funding flexibility by allowing for
sale of tax credits for cash. This allows for
monetization of ITCs without equity
partnership structures
Market will need to develop, but the
transferability of tax credits will likely
generate new demand for ITCs
Hydrogen, RNG, Energy
Storage Incentives
Helps improve cost parity for green
hydrogen and reduce the cost for our
ratepayers
May provide additional investment
opportunities for NJNG and CEV
N
New Jersey
Resources
20
20View entire presentation