The NJDEP EDA tank grant program has undergone significant change since the fund was originally established with 100 million dollars. Since the tank grant program started, commercial applicants (gas stations, businesses, ect.) have been excluded from submitting for grant funding. Funding for non leaking residential oil tank removal has also been suspended. Non leaking tank removal costs are considered a wear and tear item for a homeowner, similar to replacing a roof or heater, where a leaking tank removal and associated cleanup (remediation) cost is considered a hardship and thus will still qualify for the tank grant program.
On May 3rd of 2011, the tank grant program stopped processing new application and the NJDEP would only date stamp submitted applications. This occurred due to a depletion of money in the fund and lack of new monies into the fund. In July of 2011, 14 million dollars was placed into the fund. At the present time these monies are being utilized for grant applications submitted prior to May of 2011. Once these applications have been processed, new applications (May 2011 and later) will be reviewed.
There is a misperception that the grant fund has run dry or is out of money. The grant program is very much still processing leaking oil tank grant application inNew Jersey. Since the grant program was an act of legislation,New Jerseyhas a financial commitment to place money into the fund every year until 2021.
If you are planning to apply for a tank grant, now is the time to submit your cost of work and remedial plan to the grant program. Please note that submitting both a properly completed grant application and a fundamentally sound and reasonable scope of work and cost structure will help ensure a faster grant approval process. We have found this to be true time and time again through experience with the grant program and with 20 years of environmental remediation.
Changes to the NJDEP & EDA Tank Grant Effective September 15, 2011
Grant applications that have already passed NJDEP review and have been submitted to the EDA are now being processed by the EDA with the monies added to the Grant Fund from the 2012 State appropriation. These applicants who had submitted their grants prior to the May 3, 2011 fund change will be receiving notification from the EDA over the next few weeks.
Applications that are in-house at the EDA but incomplete will be reviewed and processed in the order that they were received and held until sufficient funds become available.
There is a priority system that is in place pertaining to which applicants get funding first as per NJSA 58:10A-37.4, which is as follows:
1) Applications indicating a discharge posing a threat to drinking water, human health or sensitive ecological area;
2) Supplemental applications for remediation of discharge from regulated tanks;
3) Applications for remediation of discharge from regulated tanks;
4) Supplemental applications for remediation of discharge from unregulated tanks;
5) Applications for remediation of discharge from unregulated tanks;
6) Non-leaking tank applications
Within each of these categories, priority is based on the application filing date and processing dates that EDA staff adheres to when conducting its review.
NJDEP Tank Grant Update May 3, 2011
Important changes to New Jersey's tank grant program have occurred. To sum the changes up
- No more monies will be available for non leaking oil tank removal. The NJDEP intends to concentrate future grants on sites where a tank leak has occurred and cleanup or testing is required. So going forward removing an oil tank is being viewed as a property owner's normal cost of home ownership, similar to replacing a roof or a hot water heater.
- Due to the number of the grant applicants to the program and virtually no new money being added to the program, the NJDEP is not reviewing any new grant applications. The NJDEP is date stamping all new applications until new funding is added and thus new applicants can be reviewed and funded.
EFFECTIVE MAY 3, 2011, NEW Heating Oil UST FUND APPLICATIONS WILL NOT BE REVIEWED OR PROCESSED DUE TO INSUFFICIENT FUNDS. New UST Fund applications will be date stamped at the time of receipt and held until such time as sufficient funding becomes available. At that time applications will be reviewed and processed based on the order of receipt.
*THIS DOES NOT AFFECT THE REVIEW OF SUPPLEMENTAL APPROVAL REQUESTS. Applicants who have previously submitted an application that has been approved, any supplemental funding request for that application will be reviewed and processed until such time as available funding is exhausted.
There are three main approaches you can take to increase your chances of getting approved for a Leaking Oil Tank Grant. To find how you can increase your chances call a grant expert at 888-301-1050
Oil Tank Grant Overview
The New Jersey NJDEP in conjunction with the New Jersey EDA (Economic Development Authority) has established a fund to provide property owner's monies to remediate underground oil tanks in New Jersey. The three (3) main criteria to determine if someone is eligable is as follows:
- Applicant must own property at the time of removal of leaking tank
- Applicant must have net worth of less than $500,000.00, excluding any retirement accounts and value of home.
- Taxable income of less than $250,000.00.
That is the oil tank removal grant program in a nutshell. To speak to one of our grant specialist, call 888-301-1050.
Oil Tank Grants Frequently Asked Questions.
The most popular question people ask is "Am I elegible for the grant"? Our most common answer is in our four years of dealing with the oil tank grant program, 90% of the people are eligible. Please see if you meet the three criteria referenced above.
Our third most popular question is what if the tank leaks? Our answer is, first you may have insurance coverage from your homeowner's policy for the tank leak. If you do not and you qualify for the oil tank removal grant, then you would be eligible for the Leaking Oil Tank Grant, which provides money to cleanup or as we say in the industry remediate the tank leak.
Curren has 18 years experience in the environmental field and we have been involved with the oil tank grant program since inception. We have included answers to common questions, but more often than not we find people like to talk one on one with us, as the program is a government program and it is not as easy for a first time user. We compare it to preparing a tax return, it can be done but professional help is always a safe bet. We offer a free consultation regarding the oil tank grant program and oil tanks in general. If your question is "why do we do this", because we are experts in this field with 18 years experience and out motto is "Experience You Can Trust".
Still have questions? Call us Toll Free 888-301-1050.