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 …
In the last post, we described the essential features of the program as laid out in the legislation. The next section addresses “Local C-PACE program[s].” This is somewhat ambiguous because all NJ C-PACE programs require a local ordinance; but in 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 …
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 …
The New Jersey Economic Development Authority (NJEDA) has published a page of general information in anticipation of the forthcoming Garden State C-PACE program, stating that “Preliminary draft documents are currently undergoing the final stages of internal and interagency review.” The page Read More …
The NJEDA has scheduled a first Information session on the new Garden State C-PACE program for Thursday, October 20, 1-2:30 pm. Click here or the image below for the registration page. New Jersey’s new Garden State C-PACE law (P.L. 2021, 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 …
Under the heading, “Climate change report is more evidence Murphy should sign C-PACE bill,” Emma Horst-Martz of NJPIRG and William Amann of M&E Engineers are urging Governor Phil Murphy to sign the new C-PACE bill. The authors say the bill 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 …