As a public advocate for energy efficiency initiatives in what Forbes calls the “hottest clean energy economy” in the country, EEA-NJ works in coalition with business members, nonprofit partners, and other stakeholders to extend the health and economic benefits of energy efficiency to all Garden State citizens.
EEA-NJ promotes:
Deploying Federal Funding Right
EEA-NJ and our sister organization, the Keystone Energy Efficiency Alliance, work closely with member businesses to shape how historical infusions of federal funding from the Inflation Reduction Act.
C-PACE
Commercial Property Assessed Clean Energy, or C-PACE, is a financing tool for local governments to help facilitate energy efficiency and clean energy loans. Nationally, half a billion dollars has been invested through C-PACE loans, and many industry experts expect that number to double in the next few years.
EEA-NJ plans to support any C-PACE-enabling legislation forthcoming from Governor Murphy’s office.
RGGI
In June of 2019, New Jersey re-joined the Regional Greenhouse Gas Initiative, a cap-and-invest program designed to curb carbon emissions. Already the state has participated in a multi-state auction that yielded $91.6 million for the states to reinvest in energy efficiency programs and clean energy initiatives.
EEA-NJ supports the investment of RGGI proceeds into energy efficiency programs, which return the highest value at the least cost to the state.
Read more about EEA-NJ’s positions on RGGI proceeds below:
Green Bank
In his 2021 budget proposal, Governor Murphy announced the creation of a Green Bank to leverage private and public funds for clean energy. The state is currently taking comments on how to set up the Green Bank, and EEA-NJ plans share the collective position of its membership.
