In the wake of Governor Christie’s conditional veto of A2579/S1510, New Jersey PACE is initiating a coalition of key players to:
(a) resolve any issues standing in the way of a new, comprehensive, and workable bill — acceptable to all constituencies, insofar as possible — that initiates the development of a robust and secure PACE industry, and
(b) develop an industry alliance that helps expand the program to all sectors and all corners of the state.
Our main focus at this point is building out New Jersey PACE, an open-market platform for commercial PACE deals anywhere in the state. The critical amending legislation (A2579/S1510) passed at the end of June; we are now waiting for the front office review and the Governor’s signature. In the meantime we reviewing and revising parts of our web presence to make them more accessible and self-evident. We anticipate a significant backlog of projects once the law is signed, and we want to make the process as easy as possible for everyone to understand and implement.
At the same time, CRCS as an engine of change is continuing to evolve new projects – some our own, built on or around the PACE model; and some from others, such as Dr. Delton Chen’s Global4C project, which is attracting worldwide attention. We’re gradually getting into various models of “fiscal sponsorship” for organizations and projects that we see as compatible with or related to our mission. In most cases — such as our Regenerative Cohousing initiative — our goal is to bring these projects in-house, under our own umbrella; but in a couple of instances we may support fledgling organizations until they get their own IRS exemption.
Finally, we’re exploring further opportunities for individuals to profit from the transition to renewable energy — from the bulk purchase of green energy, the installation of solar with no upfront cost to the property owner, to the use of PACE in underserved communities and distressed neighborhoods. Stay tuned.
After 3 years of working to bring PACE to New Jersey, and close to a real launch, we have scheduled The New Jersey PACE Summit – the first of its kind event for PACE in NJ. We are seeking Founding Sponsorships and Event Sponsorships, a schedule of which you can view at NJPACE-Sponsorship.
From the Sponsors’ perspectives, they’re passionate about being able to award dollars for something they believe in and want to support, while gaining recognition and acknowledgement far beyond what they could get through paid advertising.
Our goal in recognizing our Sponsors is therefore to convey something significant about them, and about their support for us.
Our first Founding Sponsor is an out-of-state company — MSL Group — that’s been doing PACE projects in other states. It’s ironic, perhaps, that no local company or firm would jump into the water as a Founding Sponsor. But it’s an indication of what energy services firms who are operating in states where PACE is thriving, know, that NJ firms don’t yet know: that PACE is actually as good as it sounds, for every stakeholder.
The theme of this year’s New Jersey PACE Summit is “PACE: what’s possible for New Jersey?” The subtitle gives part of the answer: “Resiliency • Clean Energy • Jobs”— these are the major elements of the story, that will be explored at the conference. And there’s more to it as well — PACE can provide regenerative community benefits, support new technologies, and foster new approaches to the global challenges of our times.
PACE, which stands for “Property Assessed Clean Energy,” is redefined in NJ’s new amending legislation to include “the purchase, lease, or installation, or any combination thereof, of renewable energy systems or the energy produced by such systems, energy efficiency improvements, water conservation projects, flood resistant construction projects, hurricane resistant construction projects, storm shelter projects, or safe room projects, undertaken by property owners on properties within a municipality.”
Posted in Carbon Pollution, Climate Change, CO2 Mitigation, Community, CRCS, Energy, Events, Global Issues, New Jersey, News, NJPACE, Sustainability
CRCS and New Jersey PACE Executive Director Jonathan Cloud will be one of the speakers at the NJ Appleseed event on “Embedding Sustainable Development & Land Use into Public Policy” on March 23 at Seton Hall Law School in Newark, NJ. The day-long event, featuring Jersey City Mayor Steve Fulop along with a line-up of other prominent speakers, will address a variety of timely issues related to sustainable development in New Jersey:
Development in New Jersey is a hot-button issue, with strong feelings on both sides. Some believe it is out of control, and cite strip malls springing up almost overnight, and mass numbers of townhomes covering the once-pristine suburban hillsides. Others argue that development brings jobs and other tangible benefits, and is key to the State’s economic future. Like it or not, development in New Jersey is here to stay. But can development be a force for good? Can we lessen the environmental impact, or better yet, reinforce overall sustainability and resiliency in New Jersey communities, create more affordable homes for our citizens, and stabilize neighborhoods? At this New Jersey Appleseed Public Policy Forum we will explore efficient and ethical land use policies, discuss private sector concerns and ways to address opposition, focus on how implementing ‘green’ can impact the bottom line, look at the ways that affordable housing can help create sustainable, safe, and strong communities, and examine strategies to reduce risk from new policies, among other important issues.
The latest version of A2579 — amending legislation to the PACE statute approved in 2012, which has proved unworkable — has been passed out of the Assembly Appropriations Committee, and is now headed to the floor for a vote. An identical version is being shepherded through the NJ Senate by its passionate sponsor, Senator Bob Smith (D-Middlesex), with the full concurrence of its Republican Co-Sponsor, Senator Kip Bateman (R-Somerville).
Here is a portion of the “Statement” accompanying the release of the bill:
Asking for money is one of the more challenging things that every charity has to do. The first question we need to answer, however, is “Why are we asking?” If we don’t have a clear and compelling answer, we’re handicapping ourselves from the start.
So here’s why.
- It’s to give people the opportunity to contribute to the world they believe in.
- It’s to give us the ability to keep working on creating a world that works, by providing “regenerative community solutions,” i.e., practical ways of restoring and building communities that last and become self-reinforcing and self-sustaining.
- Ultimately, it’s to empower the world of generosity, the you-and-me world, rather than the you-or-me world.
In The Soul of Money, Lynne Twist, who has raised more than $150 million in individual contributions, tells the story of her own first monetary contribution:
We’re committed to a future that has New Jersey PACE as a local success story in the making. Working back from this future, what will this look like, and what will it mean for New Jersey?
Let’s imagine what New Jersey might look like in ten years with PACE. Continue reading
The challenges we face in New Jersey as a result of climate change are significant, and so therefore are the opportunities. The experience of Superstorm Sandy showed us just how ill-prepared we are for the more frequent recurrence of extreme weather; and how important it is that we set an example for taking action to mitigate our own greenhouse gas emissions, as other states are doing around us. And there’s also no doubt about the urgency of it — as you can see from this remarkable video:
Developing our crowdfunding campaign is giving us an extraordinary opportunity to explore using PACE to revitalize New Jersey communities. By itself, PACE is an innovative business model that creates jobs and economic development while providing the ultimate tool to finance energy efficiency and renewable energy projects on private properties. But leveraging PACE for community development is where the real payoff is, that is to say, for the benefit of the community as a whole.