In Part 6 of this series, we discussed the option for municipalities and counties to establish their own local C-PACE programs, following the NJEDA’s guidelines. The next section of the law addresses financing, including retroactive financing: Financing for the implementation Read More …
In Part 5 of this series, we described the opportunity, available to the top one-third of New Jersey municipalities by population, to establish their own local C-PACE programs. This post describes the application process, fees, and a few other details. Read More …
In the last post, we briefly outlined the Garden State C-PACE legislation’s mandate and the reporting requirements. Here we look at the mitty-gritty —the implementation steps contemplated in the legislation. Within 270 days after the effective date of P.L. 2021, Read More …
The previous section noted the key definitions, including those concerning the local programs that the top one-third of municipalities may implement with the approval of the NJEDA (“the authority”). Reporting Requirements Before getting into the substance of the program, the Read More …
In the first of this series, we described the intent of the legislation and the assumptions behind it. So what’s in the legislation itself? Let’s break it down into a few categories: Definitions Program Reporting Requirements The Garden State C-PACE Read More …
Now that implementation of the new Garden State PACE program seems imminent, it’s worth understanding how the program will work. Let’s begin with the law, codified as N.J.S.A. 34-1B-374-382 (“the C-PACE Act”). The first section describes the legislature’s findings and Read More …
March 13, 2022.— NJ developers and property owners are already lining up C-PACE projects in anticipation of the New Jersey Economic Development Authority’s Garden State C-PACE program later this year. Timing: The proposed guidelines and regulations are expected from NJEDA Read More …
The New Jersey C-PACE bill (A2374/S1953) was signed by Governor Murphy yesterday (Tuesday, August 24, 2021), and the Governor’s office released the following statement: Governor Phil Murphy today signed legislation (A-2374) which establishes the Garden State Commercial Property Assessed Clean Read More …
For Release Monday, June 28, 2021 Contact: Jonathan Cloud, Executive Director, 908-581-8418, jcloud@possibleplanet.org The Commercial Property Assessed Clean Energy program, already approved in 37 states and D.C., with active programs in 24 states, is headed to the Governor’s desk for Read More …
New Jersey C-PACE Bill Advances to the Finish Line After ten years of trying to amend its original PACE statute—which so far has proven ineffective—NJ’s C-PACE legislation (A2374/S1953) now appears to be on track for approval in both houses of Read More …