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New Jersey PACE (Property Assessed Clean Energy)

New Jersey PACE (Property Assessed Clean Energy), a new and innovative way for property owners to pay for energy efficiency upgrades, on-site renewable energy projects, and water conservation measures.

Terms and Qualifications:
For specific eligibility measures, please visit:

Benefits of PACE:
PACE financing has many features that can uniquely solve barriers to the adoption of energy efficiency measures.

  • 100% financing requires no up-front cash investment
  • Long-term financing (up to 20 years) results in immediate positive cash flow
  • No payoff upon sale because PACE assessments (and energy savings) remain with the property
  • Assessment costs and savings can be shared with tenants
  • PACE can attract a wide range of private investors with low interest rates
  • PACE may be treated as off balance sheet financing
  • Non-recourse, non-accelerating financing
  • PACE programs are local and community members are motivated to engage in outreach and marketing efforts
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