Recapitalization May be the First Use of C-PACE
If you’ve completed a major energy or resilience upgrade in the past three years, you may be able to refinance … Read More
Saving Money with Clean Energy & ResiliencY
C-PACE FINANCING
FOR NEW JERSEY
For commercial property owners, NJEDA’s Garden State C-PACE Program offers a unique opportunity to have a third-party infusion of private capital for up to 100% of the costs of energy efficiency upgrades, on-site renewable generation, and resiliency improvements. This enables retrofits with no out-of-pocket costs and new construction at a lower cost of capital. Developers can obtain up to 35% of the capital stack for new construction and gut rehab, at lower cost and with better terms. C-PACE financing is non-recourse, assumable, long-term, and fixed-rate.
In brief, NJPACE—
- Facilitates PACE transactions
- Consults to businesses and nonprofits as well as to municipalities and counties
- Advises on PACE policy
- Advocates for improvements, including prevailing wage exemptions for smaller projects, for assisted financing, and for Residential PACE
- We have turnkey service partners for energy efficiency improvements
Existing Property Owners: Find out how much you can save on your energy bills with C-PACE and government incentives
Schedule a no-cost walkthrough
of your building
908-507-3150
NJPACE is an initiative of the 501(c)(3) nonprofit Possible Planet (incorporated as Center for Regenerative Community Solutions in 2013) that helps communities, including public, private, and nonprofit leaders, to understand and implement the features and benefits of C-PACE.
New Jersey’s official objectives are to reduce emissions from buildings by 85% by 2050, and specifically to upgrade 20,000 commercial buildings by 2030.
C-PACE benefits developers, property owners, contractors, professional services firms, lenders, investors, and the community.
Find out more at our About Page.
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A New Focus on Resilience
With the fossil fuel oligarchs back in control of the White House and the Department of Energy, we’re not likely … Read More
NJEDA Releases Opt-in Documents for Municipalities to Participate in the Garden State C-PACE Program
TRENTON, N.J. (December 12, 2024) – The New Jersey Economic Development Authority (NJEDA) has published municipality opt-in documents to participate … Read More
NJ to Launch C-PACE Program in Early 2025: A Game-Changer for Clean Energy and Economic Growth
In early 2025, New Jersey will join 30+ other states with an active Commercial Property Assessed Clean Energy (C-PACE) program. … Read More