Time: 7:00 pm–9:00 pm
Come by the South Orange Elks Lodge (220 Prospect Street in South Orange) for April Green Drinks!
This month's speaker is Jonathon Cloud, of the Cloud Institute. He will be giving us information about New Jersey's new PACE legislation.
“Property Assessed Clean Energy (PACE) is an innovative way to finance energy efficiency and renewable energy upgrades to buildings. Interested property owners evaluate measures that achieve energy savings and receive 100% financing, repaid as a property tax assessment for up to 20 years. The assessment mechanism has been used nationwide for decades to access low-cost long-term capital to finance improvements to private property that meet a public purpose. By eliminating upfront costs, providing low-cost long-term financing and making it easy for building owners to transfer repayment obligations to a new owner upon sale, PACE overcomes challenges that have hindered adopted of energy efficiency and related projects in our nation’s buildings.”
