Should Municipalities Worry About the Administrative Burden of C-PACE in NJ?
The short answer is No—and here’s why. As municipalities consider opting in to the Garden State Commercial Property Assessed Clean … 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
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.
Latest
Garden State C-PACE Ready for Launch—Just Waiting on the Portal
After years of advocacy and hard work by many stakeholders, the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program … Read More
Celebrating PACE Leadership and Innovation: 2025 PACENation Award Winners Announced
At this year’s PACENation Summit in New York City, the national PACE community gathered to honor the individuals and organizations … Read More
NJEDA Posts New Approved Documents for Garden State C-PACE
The New Jersey Economic Development Authority (NJEDA) has released additional approved documents for the Garden State C-PACE program, including the … Read More