Requires payment of prevailing wage for projects financed through commercial property assessed clean energy program.

This bill requires that workers on projects financed through New Jersey's Commercial Property Assessed Clean Energy (C-PACE) program receive prevailing wage rates. It amends existing law to explicitly classify C-PACE financing as "authority financial assistance" under state law, triggering prevailing wage requirements for all construction work related to these projects. The bill affects property owners who use C-PACE financing for energy efficiency, renewable energy, water conservation, or resiliency improvements, as well as the contractors and workers performing the work. The prevailing wage rate, determined by the Commissioner of Labor and Workforce Development, must be paid to all workers involved in projects connected to C-PACE financing. This policy change ensures that C-PACE financed projects meet the same labor standards as other publicly assisted projects.