New Jersey C-Pace Program

 

NEW JERSEY C-PACE PROGRAM

  • C-Pace (Commercial Property Assessed Clean Energy) is a loan program meant to incentivize the installation of clean and resiliency related improvements in commercial, industrial and some multi-family buildings.
  • 40 + C-Pace programs throughout the United States
  • Private lenders provide funding. No public dollars are used in this program.
  • The loan payment is made through a special quarterly tax payment made on the property. Because the loan runs with the property, lenders are more inclined to grant loans.
  • For more information, please click this link.

What Projects are Eligible:

  • Energy Efficiency
  • Renewable Energy Systems
  • EV Charging Infrastructure
  • Energy Storage
  • Water Conservation
  • Hurricane Resistance Construction
  • Flood Resistant Construction
  • Stormwater Management Systems 

Interested parties should contact the NJEDA at gardenstatecpace@njeda.gov to schedule a pre-application meeting. 

 

 

C-PACE Infographic

 

 

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