As we understand it, as of late December 2020 the Senate bill (S1953) was expected to move forward in January 2021, according to the bill’s sponsor, Senator Bob Smith. The C-PACE Alliance, which includes a majority of the established C-PACE Read More …
In July the NJ Assembly passed A2374 (available here) by a vote of 68 to 6. The bill, sponsored by Assemblyman Raj Mukherji (Hudson) and Assemblywoman Nancy Pinkin (Middlesex), essentially rewrites the existing (and nonfunctioning) PACE statute of 2011 (PL Read More …
February 14, 2019: NJ’s new stormwater utility bill (A2694/S1073) authorizes municipalities to collect fees on parking lots and other impervious surfaces to fund improvements to failing stormwater systems. But it has many commercial property owners concerned that they will now Read More …
New Jersey has long sought to be a leader in energy efficiency. However, the state has had limited success in this intention. Under the Christie Administration, the Clean Energy Fund was raided by half a billion dollars to balance the Read More …
A letter of support for the passage and approval of the pending PACE bill (A1902/S1611) in New Jersey is gaining signatories from across the country and from many different stakeholder groups. The support letter reads in part: PACE resolves the Read More …
Update:The new Property Assessed Clean Energy (PACE) legislation — Senate Bill S1611— has been approved unanimously by the Senate Environment & Energy Committee, and is now moving to the Senate Appropriations Committee, which may recommend some technical changes. Based on Read More …
Good News for PACE Stakeholders in New Jersey NJ Governor Phil Murphy supports PACE Property Assessed Clean Energy Dateline February 8, 2018 We expect the Governor to sign a PACE bill, soon, enabling the advantageous financing of commercial clean energy Read More …
Now that PACE seems certain to be approved in New Jersey in 2018, the biggest question facing us is that of municipal adoption. With 565 municipalities, getting a PACE ordinance approved and a program established could take months if not Read More …
New Jersey is about to experience a surge of new clean energy projects, unleashing a considerable amount of additional private financing for energy efficiency and renewables. Amendments to NJ’s existing PACE law are being passed in the NJ Legislature this Read More …
The Wall Street Journal recently published a story, picked up by dozens of other websites — with the ridiculously-sensationalist title, “America’s Fastest-Growing Loan Category Has Eerie Echoes of Subprime Crisis” — claiming that PACE loans are, in the words of the Read More …