EXHIBIT EX-99.CERT


              CERTIFICATION (SECTION 302 OF THE SARBANES-OXLEY ACT)


I, David J. Schoenwald, certify that:

1.  I have reviewed this report on Form N-CSR of New Alternatives Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statement
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations, changes in net assets, and cash
flows (if the financial statements are required to include a statement of cash
flows) of the registrant as of, and for, the periods presented in this report;

4. I am the registrant's sole 'certifying officer' and am responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-2 (c) under the Investment Company Act of 1940) for the registrant and
have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant and which is made known to us by others,
particularly during the period in which this report is being prepared, and

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this report
(the "Evaluation Date"); and

c) Disclosed in this report any material changes in registrant's internal
controls over financial reporting that occurred during the period covered by the
report.

5. The registrant's certifying officer has disclosed, based on his most recent
evaluation, to the registrant's auditors and the audit committee of the
registrant's board of directors.

a) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize, and report financial date and have identified for the registrant's
auditors any material weaknesses, if any, in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls.

6. The registrant's certifying officer has indicated in this report whether or
not there were significant changes in internal controls or in other factors that
could significantly affect internal





controls subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.

7. The registrant has adopted a code of ethics that applies to the principal
executive officer and any other involved member. The code of ethics is contained
in the Statement of Additional Information, which is available by calling the
Fund.

8. The registrant has adopted a proxy voting policy, which is contained in the
Statement of Additional Information, which is available by calling the Fund. The
fund's voting record on proxies of portfolio companies is also available by
calling the fund.

9. The registrant has an independent audit committee with two members. The audit
committee has adopted an audit committee charter. The registrant's Directors
have voted and determined the two independent audit committee members, Preston
Pumphrey and Dorothy Wayner, are financial experts under the securities law
rules.

10. Director Nominations. The fund's nominating committee for the board of
directors consists of the independent members of Board of Directors. There is no
separate nominating committee charter or policy. It has been the fund's practice
to invite potential Director candidates to submit a resume and attend a meeting
of the Directors.


Date:       February 26, 2004
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                                             /S/
                                             -----------------------------------
                                             David J. Schoenwald
                                             President



                                   SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.



(Registrant)        New Alternatives Fund, Inc.
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By (Signature and Title)


*    /s/
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     David J. Schoenwald, President


Date:       February 26, 2004
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