NJ S3407

Requires that direct financing provided by capital providers for Commercial Property Assessed Clean Energy (C-PACE) projects be considered "authority financial assistance," subjecting such projects to prevailing wage requirements

Amends the definition of "finance" or "financing" under C-PACE to include refinancing of investments in existing C-PACE projects, with supplemental guidelines to be published by the New Jersey Economic Development Authority within 90 days of the program launch date

Allows refinancing for existing improvements that qualify as C-PACE projects, provided the improvement was completed no more than three years prior to the application submission

C-PACE projects cover energy efficiency improvements, renewable energy systems, water conservation, stormwater management, electric vehicle charging infrastructure, and flood/hurricane resistant construction on commercial, industrial, agricultural, and multi-family residential properties