Participating Municipalities

How to Implement
C-PACE in Your Municipality

Joining the C-PACE program is a straightforward 3-step process. Follow the steps below to get your municipality approved and listed as a participating member.

Step 1

Adopt the C-PACE Opt-In Ordinance

The municipal council must first adopt the C-PACE Opt-in Ordinance. The content of the Ordinance should not be changed beyond inserting information into the fillable sections of the document.

Step 2

Execute the Program Agreement

The municipality completes and executes the Program Agreement, including a Schedule I form indicating the Municipal Annual Fee that will be charged by the Municipality to the Property Owner — based on administrative expenses for billing, collection, and remittance services. In the Schedule I form, the Municipality also confirms if the Municipality OR the Qualified Capital Provider will hold responsibility for recording executed C-PACE documents with the County recording office.  

Step 3

Submit Your Application

The municipality completes a short application form. The NJEDA reviews submitted documentation and, if complete, approves the municipality for participation. The C-PACE website and project application form are updated to reflect the new Participating Municipality.

Step 4

Execute Project-Level Agreements

Once a project application is underway, the municipality executes three agreements to successfully approve the project for closing:

• Assessment Agreement — with the Property Owner
• Assignment Agreement — with the Capital Provider
• Notice of Assessment — with the Property Owner 

Step 5

Collect & Remit the Assessment

After a project’s C-PACE financing has been approved and closed, the municipality collects the C-PACE assessment from the Property Owner and remits the payment to the Capital Provider.