More than 140 people attended today’s webinar. We’ll post a link to the recording shortly.
The Future of PACE in New Jersey
Tuesday, December 15, 2015, 11 a.m. – Noon
12/15/2015 11:00 AM
12/15/2015 12:00 PM
The Future of PACE in New Jersey
The webinar will focus on: • What PACE is, and its track record in states across the USA • Why PACE is important to you, your community, and NJ • PACE’s status (A2579) and the Governor’s Conditional Veto • Actions we are taking now, and • How you can help us get PACE working in NJ.
For audio ===> dial in to: (712) 770-4010 and enter Access Code 543-725#
https://join.freeconferencecall.com/jcloud6 [By phone: (712) 770-4010 + 543-725#]
New Jersey PACE
PACE, which stands for Property Assessed Clean Energy, represents a multi-billion dollar opportunity for New Jersey. New Jersey already has PACE legislation, but with deficiencies that need to be corrected before the program can be implemented effectively. Amending legislation to facilitate PACE, and extend it to cover resiliency improvement such as hurricane- and flood-proofing, has been in the works for nearly three years, and was passed by overwhelming majorities in both houses of the NJ legislature this past June.
On November 9, Governor Christie’s office issued a conditional veto of A2579, the acceptance of which would effectively prevent a viable PACE industry from emerging.
But PACE remains a compelling opportunity for New Jersey’s 565 municipalities. Thirty-one states and DC have PACE laws, and the program is now taking off in many of those states. Nearly two billion dollars worth of work have been done in the past couple of years in just a handful of those states; the rest, like New Jersey, are still in various stages of getting going.
Whether you are a NJ resident, or work in NJ’s public, private or non-profit sectors, this webinar will make you aware of the potential economic, social and environmental benefits that PACE can bring to people in small communities, big cities, and the organizations we depend on.
PACE requires public/private collaboration. Therefore, mayors and county executives, municipal and county officials, environmental commissions, green teams, and community leaders may want to learn about what’s needed to use PACE as a tool to accomplish their own economic, social and environmental objectives.
More about the content of the webinar:
PACE programs provide financing that enables property owners to improve the energy efficiency and storm resiliency of their buildings and pay for the upgrades over the long term via a property tax assessment. PACE helps owners lower their energy costs and improve the value and comfort of their properties. At the same time, the private sector investments that fund these projects create jobs and local economic development, conserve electricity and reduce carbon pollution.
PACE can be used to improve the energy efficiency, renewable energy, storm and water resiliency of residential, institutional, nonprofit, commercial, industrial and agricultural properties (organizations with a block and lot number).
We will be asking the Bill sponsors in the Senate and in the General Assembly to allow stakeholders to align on a workable solution, and to revise and resubmit the Bill. As before, NJPACE will be a key facilitator of such an effort in 2016.
PACE remains a compelling opportunity for New Jersey’s 565 municipalities. For example, in California, “since 2011, the HERO Program has financed more than $1 billion in home improvements which will save more than $1.9 billion on energy bills, conserve 6.7 billion kWh of electricity, reduce emissions by 1.8 million tons or the of equivalent taking 347,000 SUVs off the road for a year, and save more than 2.1 billion gallons of water or the equivalent of 68 million showers. It has already created more than 8,400 jobs and had a local economic impact of more than $1.7 billion.“ (Source: http://www.achrnews.com/articles/131106-renovate-americas-residential-efficiency-program-hits-1-billion-financed-mark)
PACE is law in more than 30 states and operational in several nearby states against which NJ competes for businesses and residents. PACE programs are active in AR, CA, CT, FL, MD, MI, MN, OH, TX, WI and the District of Columbia.
The webinar will include slides provided by David Gabrielson of PACENow, showing information on PACE programs across the country.
The webinar will focus on:
- What PACE is, and its track record in states across the USA
- Why PACE is important to you, your community, and NJ
- PACE’s status (A2579) and the Governor’s Conditional Veto
- Actions we are taking
- How you can help us get PACE working in NJ
We look forward to your participation on December 15th from 11 am to 12 noon. RSVP here or contact Victoria Zelin, at [email protected] or 908-507-3150. You will receive an email confirmation and, closer to the date, a link to join the webinar.
Thank you for your continuing interest in and support for PACE in New Jersey.
To join the webinar on Tuesday, December 15, from 11am – Noon