In early 2025, New Jersey will join 34 other states with an active Commercial Property Assessed Clean Energy (C-PACE) program. Nationwide, C-PACE programs have already driven $9 billion in private investment, generated over $15 billion in economic development, and created Read More …
What You Can Do with C-PACE in NJ: Benefits for Owners, Developers, Investors, and The Community New Jersey is about to get C-PACE (Commercial Property Assessed Clean Energy), a paradigm-shifting financing tool for driving economic development and jobs while decarbonizing our Read More …
The New Jersey Economic Development Authority (NJEDA) has posted revised guidelines for retrofit projects, along with supplemental guidelines for new construction and refinancing, with a deadline of June 5th for final comments. After review by the Authority and the Attorney-General’s Read More …
In the last section we covered the proposed fees associated with the program administration. In this section we cover possible municipal and county programs, which the guidelines refer to as Local C-PACE Programs. All C-PACE programs must be adopted locally Read More …
In the last post, we looked at the Technical Evaluation and Review requirements; in this section we look at the Agency’s proposed fees. These are laid out in the table below. To summarize, there’s an initial application fee of $1000. Read More …
In our last post, we addressed the project process, as currently detailed in the draft guidelines. In this section we look at the Technical Evaluation and Review requirements. The standards in the current draft (V. 2) apply only to retrofits, Read More …
In the last post, we described the qualifications and responsibilities of participants in the C-PACE industry as spelled out in the Guidelines. This section now deals with the project process. The Project Process The project process begins with a Project Read More …
Qualifications and Responsibilities As we noted in the last section, the final C-PACE Guidelines have not been published yet, but the likelihood is that they will closely resemble the latest draft, which is version 2. Having covered property, property owner, Read More …
As noted in the previous section, the final C-PACE Guidelines have not been published yet, but the likelihood is that they will closely resemble the latest draft, which is version 2. So to begin with let’s cover property and project Read More …
The last section concluded our review of the PACE law. What we begin here is a consideration of the draft Guidelines issued by NJEDA, currently undergoing review in the Attorney-General’s office. It’s possible — likely even — that some details Read More …