CBJ Energy FAQ for Building Owners
HOW TO WORK WITH CBJ ENERGY, PACE
WHAT WOULD I HAVE TO DO TO GET PACE-FUNDED ENERGY UPGRADES?
It’s easy. Contact CBJ Energy, a one-stop provider for PACE. CBJ Energy will get you a lender, identify the needed upgrades and contractors, and manage your PACE project from beginning to end.
Here’s what you do: Repay the PACE funds over 10 to 30 years via a voluntary surcharge on your property tax bill. Meanwhile, see your energy costs decrease.
WHAT HAPPENS IF I SELL THE BUILDING?
You’ll probably get a higher sale price. PACE energy upgrades improve property value by as much as 16 percent.. As a voluntary surcharge, it attaches to the property; any balance due is the responsibility of the new owner.
WHERE DOES CBJ ENERGY MANAGE PACE PROJECTS?
CBJ Energy focuses on the mid-Atlantic region. Local governments in Anne Arundel, Baltimore City and County, Howard, Queen Anne's and Montgomery counties in Maryland recently have enacted local PACE ordinances for commercial, industrial and multi-family buildings. PACE funding also is available in the District of Columbia and parts of Virginia.
CAN I RELY ON PACE?
Yes. Established in California in 2008, the Property Assessed Clean Energy (PACE) program is now available in 31 states. PACE projects include, but aren’t limited to, high-efficiency HVAC systems, LED lighting and water-conservation upgrades as well as solar power systems. Leading building owners like Simon Property Group and Prologis have utilized PACE to cut energy costs, increase net operating income and boost property values. PACE is a proven program.
CAN I RELY ON CBJ ENERGY?
Claire B. Johnson, whose distinguished career spans clean energy, finance, government and successful start-ups, leads the company. A co-founder of SunEdison, the largest solar services provider in North America, Claire also served as program manager of the U.S. Department of Energy Office of Weatherization and Intergovernmental Programs. A Baltimore resident on the boards of local nonprofits, she earned undergraduate and graduate degrees from Harvard University.
WHAT’S THE RELATIONSHIP BETWEEN PACE AND CBJ ENERGY?
CBJ Energy is a Baltimore-based LLC. State and local governments authorize the availability of Property Assessed Clean Energy (PACE) programs. PACE was initially available in California in 2008 and is now in 31 states. CBJ Energy originates and manages PACE transactions in the mid-Atlantic region.