Small Businesses Eligible for EDA Energy Audit Loans

Detected March 29th, 2026

Summary

The New Jersey Assembly has introduced Bill A4805, which would permit small businesses to qualify for loans from the Economic Development Authority (EDA) to cover the costs of energy audits and subsequent energy efficiency improvements. The bill has been referred to the Assembly Telecommunications and Utilities Committee.

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What changed

New Jersey Assembly Bill A4805, introduced on March 23, 2026, proposes to amend existing legislation to allow small businesses to access loans from the Economic Development Authority (EDA). These loans would specifically fund the costs associated with conducting energy audits and implementing energy efficiency or conservation measures. The bill aims to support small businesses in reducing their energy consumption and operational costs.

This bill is currently in the draft stage and has been referred to the Assembly Telecommunications and Utilities Committee. Compliance officers at New Jersey-based small businesses should monitor the progress of this bill, as its passage could create new opportunities for financing energy efficiency upgrades. If enacted, entities seeking to leverage these loans will need to review the EDA's specific eligibility criteria and application procedures once they are established.

What to do next

Monitor the progress of Assembly Bill A4805 through the New Jersey legislative process.
Review Economic Development Authority (EDA) guidelines for loan eligibility and application procedures if the bill is enacted.

Source document (simplified)

NJ A4805 | 2026-2027 | Regular Session

New Jersey Assembly Bill 4805

NJ State Legislature page for A4805
- Summary
- Sponsors
- Texts
- Votes
- Research
- Comments
- Track
Note: Carry Over of previous S1027

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on March 23 2026 - 25% progression
Action: 2026-03-23 - Introduced, Referred to Assembly Telecommunications and Utilities Committee
Pending: Assembly Telecommunications and Utilities Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Permits small businesses to qualify for loans from EDA for costs of energy audit and making energy efficiency or conservation improvements.
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Title

Permits small businesses to qualify for loans from EDA for costs of energy audit and making energy efficiency or conservation improvements.

History

| Date | Chamber | Action |
| --- | --- | --- |
| 2026-03-23 | Assembly | Introduced, Referred to Assembly Telecommunications and Utilities Committee |

Same As/Similar To

S3567 (Same As) 2026-02-19 - Introduced in the Senate, Referred to Senate Environment and Energy Committee
S1027 (Carry Over) 2024-01-09 - Introduced in the Senate, Referred to Senate Environment and Energy Committee

Subjects

Telecommunications and Utilities

New Jersey State Sources

| Type | Source |
| --- | --- |
| Summary | https://www.njleg.state.nj.us/bill-search/2026/A4805 |
| Text | https://pub.njleg.gov/Bills/2026/A5000/4805_I1.HTM |

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