The League had a Lunch & Learn with the New Jersey Economic Development Authority on the Commercial Property Assessed Clean Energy (C-PACE) Program and is available for viewing, as is the slide deck, and sample opt-in ordinance.
The program will provide a new form of financing for renewable energy, energy efficiency, water conservation, and certain types of resiliency-related improvements for New Jersey. Repayment for these investments is made via special assessment, like a sewer charge, and thus municipalities must opt-in to participate in the C-PACE program.
Municipalities must opt-in to participate in the program and it does not have a cost attached.
Contact: Paul Penna, Director of Government Affairs, ppenna@njlm.org, 609-695-3481, x110.