New Jersey Leaking Oil Tank Grants
NJDEP EDA Grant Information
Grants are available for underground oil tanks that have leaked. In short homeowners in New Jersey can get grant monies to delineate (diagnose) the extent of the oil leak and to remediate (cleanup the oil leak). Grant applications for money will get reviewed when monies are available which happens once a year and will end in 2021. If you qualify for the tank grant and do not apply, you have a 100% chance of not receiving any grant monies. You only need to know the extent of the leak (volume or area) so that a cost can be developed to remediate the leak. Applying for a grant is free and Curren Environmental will assist you for free.
Call today and get your grant application moving forward.
Toll Free 888-301-1050
NJDEP Tank Grant Change Posted May 3, 2011, Updated August 10, 2011
The NJDEP EDA tank grant funding for non leaking residential oil tank removal was suspended on May 3, 2011. Leaking oil tank grants are still available because a leaking tank is considered a hardship and will still qualify for the tank grant program.
How do you apply for a leaking oil tank grants?
On May 3rd of 2011, the tank grant program stopped processing new applications due to a depletion of money in the fund and lack of new monies going into the fund. After May 3, 2011 the NJDEP will date stamp submitted applications.
There is a misconception that the grant fund is out of money. The grant program is still processing leaking oil tank grant applications in New Jersey. Since the grant program was an act of legislation, New Jersey has 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 leaking tank remediation 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.
When will monies be added to the leaking oil tank grant fund so that new applications can be processed?
The fund was set up as an act of legislation or law that required funding to be added after the fund is depleted below the $20,000,000.00 level and to continue to do so until 2021. The amount of funding is not known.
*Taken from the NJDEP web site.
Leaking Oil Tank Grant Overview:
Grants are available for property owners with Leaking Underground Storage Tanks. The grants are provided by the NJDEP through the EDA.
Eligible Applicants for Leaking Oil Tank Grants:Homeowners with a leaking home heating oil underground storage tank (UST) can get hardship grants may be awarded for 100% of eligible project costs up to $500,000 per site. To qualify for hardship grants homeowner applicants must have a taxable income of less than $250,000 and a personal net worth, excluding applicant’s primary residence and pension, of less than $500,000.
Funding is not available for remediation associated with a petroleum UST that was removed or closed prior to the effective dates of the Federal and State UST regulations.
Funding is not available for Above ground Storage Tanks (ASTs) or for USTs containing products other than petroleum.
Once an applicant is found to qualify for the NJDEP Grant Program, following receipt and review of project activity invoices and receipts the NJDEP will authorize the NJEDA to release a portion of or the total funding request, as appropriate. The NJDEP may authorize the NJEDA to release a portion of the total funding award based on project needs.
Reasonable costs for equipment, work, and services associated to upgrade, close or remediate a regulated UST used to store petroleum products.
Replacement of a leaking UST with equivalent UST or AST.
Reasonable and necessary consulting, contracting, and engineering costs.
Remediation of discharges from leaking USTs.
Limited legal fees incurred for actual remediation of environmental insult (off site access).
Grant Exclusions for Applicability:
ASTs (Aboveground Storage Tanks) do not qualify.
Estates: value of the home would be included in the net worth. If there is enough equity in the home to pay for the remedial work, the hardship grant can not be issued.
This document is a summary overview and does not contain all information regarding UST grants. Curren has a complete grant information packet. It is strongly advised that it be read in its entirety. To obtain a copy please submit your information on the form to the right of the page.