New Jersey Manufacturing Program
Administered by New Jersey Economic Development Authority
This program does not apply to homeowners. It is a corporate tax credit for manufacturing businesses that produce clean energy components (solar, wind, geothermal, fuel cells, batteries, and related equipment) or operate other qualifying manufacturing facilities in New Jersey.
If your client is a manufacturing business investing at least $10 million and creating at least 20 new full-time jobs in New Jersey, they may qualify for a tax credit up to $150 million based on capital investment and job creation. Construction work at the facility must comply with prevailing wage requirements and NJ Department of Labor registration; all contractors and subcontractors must be registered and pay workers not less than the prevailing wage rate for their trade.
The Next NJ Manufacturing Program, created under A.B. 5687, allocates $100 million in tax credits specifically for clean energy component manufacturers (solar, wind, geothermal, hydrogen, fuel cells, battery storage). Awards are calculated as the lowest of: 0.1% of capital investment × number of jobs, or 25% of capital investment, or $150 million cap. Businesses must invest ≥$10 million, create ≥20 full-time jobs at county-median salary or higher, maintain a collaborative workforce-development relationship, and comply with prevailing wage and environmental standards. Stackable bonuses up to 5% apply for Opportunity Zone location, NJ business certifications, and active labor agreements. Applications are open from September 25, 2025, through March 1, 2029, or until funds are committed.
Program details
- Program ID
- 22795
- Effective
- 9/25/2025
- Expires
- 3/1/2029
- Last updated
- 3/31/2026
Eligibility
- Sectors
- industrial appliance manufacturers
- Technologies
- geothermal electric solar photovoltaics wind (all) hydrogen geothermal heat pumps fuel cells using renewable fuels lithium-ion
Incentive amount
$100,000,000 reserved for clean energy manufacturers
Program summary
New Jersey A.B. 5687 created the Next New Jersey Manufacturing Program, a comprehensive tax credit designed to encourage manufacturing activities including clean energy component production at qualified businesses. $100,000,000 of the tax credits made available are reserved for clean energy product manufacturers, defined as a manufacturer of components for renewable energy, such as wind, solar, geothermal, green hydrogen, fuel cells, battery storage, or nuclear energy. The tax credit is equal to the lesser of 1) the product of 0.1% of the eligible business's total capital investment multiplied by the number of new full-time jobs; 2) 25% of the eligible business' total capital investment; or 3) $150,000,000.
Eligible actions for the credit include manufacturing solar components, and the calculations for capital investment include installing a solar system on the property to the extent that the capital investments have not received grant financial assistance from another state funding source.
Applicants may receive 1% stackable bonuses up to 5% for Opportunity Zone Eligible Census Tract location, New Jersey Business Certifications, and having at least one Active Collective Bargaining Agreement or Labor Harmony Agreement in place.
Please see the program website for further details and eligibility requirements.
Contact & resources
- Contact email
- nextnjmfg@njeda.gov
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
