Update: Feedback on all C-PACE-related documents released by the NJEDA this year will be accepted through August 25, 2023 at 11:59 p.m.
Draft Program Guidelines for Commercial Property Assessed Clean Energy Program to be shared for public feedback
TRENTON, N.J. (March 27, 2023) – The New Jersey Economic Development Authority (NJEDA) will host a virtual public information session on the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program on Friday, April 14 at 10:00 a.m. The session will provide an overview of the draft C-PACE program guidelines, which will be made available prior to the session.
The draft C-PACE guidelines will be posted here. Feedback can be sent to gardenstatecpace@njeda.com through May 15, 2023 at 11:59 p.m. The draft C-PACE guidelines will include eligibility criteria, responsibilities of participants, the application process, technical standards, fees, and local program requirements.
Members of the public, including media, can register for the April 14 information session here.
The C-PACE Program will provide a new form of financing to New Jersey property owners for renewable energy, energy efficiency, water conservation, and certain types of resiliency-related improvements. The program will enable eligible commercial, industrial, agricultural, and certain multi-family residential real property owners to access financing to undertake these kinds of improvements on their properties and repay the financing through the payment of an additional assessment to their municipality, similar to a property tax, sewer, or water bill.
As part of his administration’s ongoing commitment to address climate change, in August 2021, New Jersey Governor Phil Murphy signed legislation (A-2374) requiring the NJEDA to establish the C-PACE program to facilitate the financing of eligible projects in municipalities that adopt an opt-in ordinance.
About the NJEDA
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.
###
Related Content
May 14, 2025
NOTICE OF CSIT ANNUAL BOARD MEETING – 5/21/2025
The Annual Board meeting of the Commission of Science, Innovation and Technology (CSIT) Board has been scheduled for Wednesday, May 21, 2025, at 10:00 am.
May 14, 2025
NJEDA Approves $500K to Expand Route 80 Grant Program
TRENTON, N.J. (May 14, 2025) – The New Jersey Economic Development Authority (NJEDA) Board yesterday approved an additional $500,000 to expand the Route 80 Business Assistance Grant Program, which supports small businesses that have experienced a decline in revenue due to the Route 80 detours caused by the ongoing sinkhole repairs.
May 13, 2025
NJEDA Board Approves New $5M Cannabis Grant Program
TRENTON, N.J. (May 13, 2025) – The New Jersey Economic Development Authority (NJEDA) Board today approved the creation of the Cannabis Business Development (CBD) Grant Program, a new $5 million initiative designed to provide targeted financial support to eligible recreational cannabis entrepreneurs in New Jersey.
