TRENTON, N.J. (December 12, 2024) – The New Jersey Economic Development Authority (NJEDA) has published municipality opt-in documents to participate in the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program. The program will allow commercial property owners in Participating Read More …
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 …
Come to our In-Person C-PACE Financing Panel with NJEDA CEO Tim Sullivan at the 2024 NJ Future Planning & Redevelopment Conference In our opinion, the NJ Future Planning & Redevelopment Conference is the industry’s most anticipated event of the year for the Read More …
The largest C-PACE office loan ever was completed this summer for sustainability upgrades at 300 Lakeside Drive in Oakland, Calif. According to Patricia Kirk at Commercial Property Executive, C-PACE loans are at an all-time high because they’re amongst the most 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 …
New Jersey’s Economic Development Authority (NJEDA) is releasing draft guidelines for the new Garden State C-PACE program for a one-month public comment period, and hosting an information session on April 14. The Authority posted this as a press release on 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 …