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Financing Alternatives for Commercial Clean Energy & Resiliency Improvements

New Jersey C-PACE Bill Moves Forward

(Reposted from The latest version of the New Jersey C-PACE bill (S1953) was approved on June 15 by the Senate Environment and Energy Committee. The bill now goes to the Senate Budget and Appropriations Committee on June 17, where it is expected to be approved with no further changes, and then submitted to both…
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Wednesday, June 16, 2021 1

Possible Rochester C-PACE Initiative Launched

We’re pleased to announce the launch of our new initiative to support the introduction of C-PACE (Commercial Property Assessed Clean Energy) in the City of Rochester. As part of this, we are seeking to conduct a national demonstration project for what we call Community PACE and, at the hyperlocal level, “Neighborhood PACE,” as a way…
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Sunday, February 28, 2021 0

Latest Update on PACE in New Jersey

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 2011, ch. 187) to provide the key elements needed by industry to attract the capital…
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Thursday, September 24, 2020 0

“Rain Tax” the Perfect Opportunity for PACE

The March 4th issue of ROI-NJ contained an Op-Ed by Jason Rittle, a partner at Einhorn Harris, titled “Why ‘rain tax’ is a bad idea for N.J. property owners.” He makes the point that the proposed stormwater utilities legislation means higher taxes for property owners with large amounts of impervious surfaces, and may require them…
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Wednesday, March 13, 2019 0

New Jersey PACE Bill Moves Forward — Cautiously

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 Senator Bob Smith’s comments, the sponsors (which include Republican Senator Kip Bateman) hope to see the…
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Tuesday, May 29, 2018 0

Regenerating Communities

An alternative to traditional PACE programs, our Regenerative Finance models aim to make community origination a reality. We’ll use PACE wherever it’s available, but are prepared to offer NICCE (“Nice”) and DREEM where it’s not. We want to make every building and community efficient, resilient, and powered by clean energy. Help us to facilitate this…
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Monday, October 23, 2017 0