For Release Monday, June 28, 2021 Contact: Jonathan Cloud, Executive Director, 908-581-8418, jcloud@possibleplanet.org The Commercial Property Assessed Clean Energy program, already approved in 37 states and D.C., with active programs in 24 states, is headed to the Governor’s desk for signature Trenton, N.J. — On June 24 the New Jersey Legislature approved A2374/S1953 with overwhelming,…
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New Jersey C-PACE Bill Moves to the Finish Line After ten years of trying to amend its original PACE statute—which so far has proven ineffective—NJ’s C-PACE legislation (A2374/S1953) now appears to be on track for approval in both houses of the NJ Legislature today (June 24), after which it will go to the Governor’s desk…
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(Reposted from NewJerseyPACE.org) 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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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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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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