New Law Empowers Municipalities to Create Clean Energy Projects

I recently wrote the following article regarding a new law that empowers towns to use their borrowing power to support clean energy projects. The law created New Jersey PACE, which stands for

"Property Assessed Clean Energy", which permits a municipality to create a clean energy special assessment that can be attached to the property and thereby provide funding for a clean energy project. This provides the property owner/developer with the ability to provide for improvements such as energy upgrades, fail-safe power backups, on-site renewable generation, and micro grids. The financing can be done through a County Improvement Authority or Municipal Bond Issue.

I recently wrote the following article regarding a new law that empowers towns to use their borrowing power to support 

Read the full article which was published in New Jersey Municipalities magazine here: “Welcome to Property Assessed Clean Energy”

FPSF's Redevelopment Law and Energy Law Practice Groups are well-versed in NJ PACE and work with municipalities, improvement authorities, property owners and developers in helping to provide clean energy projects for New Jersey.

Click here for more information on FPSF’s Redevelopment Practice Group.

Click here for more information on FPSF’s Energy Practice Group.

 

Thank you,

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