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Garden State C-PACE Program
New Jersey — state programup to 100% of the costs for existing properties; up to 35% of the capital stack for new construction and gut rehab; $2-$150 million
New Jersey's Commercial Property Assessed Clean Energy (C-PACE) program administered by NJEDA that provides third-party private capital financing for energy efficiency upgrades, on-site renewable generation, and resiliency improvements on commercial properties. It enables retrofits with no out-of-pocket costs and new construction at a lower cost of capital. Financing is non-recourse, assumable, long-term, and fixed-rate.
Program details
- Type
- loan
- Amount
- up to 100% of the costs for existing properties; up to 35% of the capital stack for new construction and gut rehab; $2-$150 million
- Eligibility
- Commercial property owners, developers of multifamily, commercial, industrial, agricultural, and nonprofit/institutional properties in New Jersey
- Status
- open
- Administrator
- NJEDA (New Jersey Economic Development Authority)
- More Info
- https://njpace.org/
Source: New Jersey — state program. Confirm current terms with the administering agency before applying.