Author: Tom Deyo                 Published: 3/25/2020        info@mcgreenbank.org

 

  • Stay Healthy and Safe. Focus on Resiliency.
  • Clean Energy Advantage Program Launched
  • Meet our New Chief Investment Officer – Steve Morel
  • Green Partner Highlight: LewLew
  • Incentive Opportunity: Resilient MD
  • MCGB in the Community
  • March 25 Board Meeting
Stay Healthy and Safe. Focus on Resiliency.

As our community takes all necessary measures to slow the spread of COVID-19, we here at the Montgomery County Green Bank want to express our wish of healthy and safe outcomes to all our partners and community members. As many organizations are doing, we are temporarily working remotely. So while we are not physically in the office, we are still operating and here to support you and available to answer your questions.
Though the current situation is creating a great deal of uncertainty for many, we want to emphasize that we intend to remain a partner to you and your work in any way we can. A core and steadfast aspect of our mission is resiliency. The Green Bank looks to be a stabilizing force and a source for recovery in a sustainable and resilient manner.

We welcome your ideas on how the Green Bank can be supportive at this time, and for when we turn the corner on this current situation. Please reach out to us with your suggestions.

Stay safe, be well,

Tom Deyo


Clean Energy Advantage Program Launched

In February, Montgomery County Green Bank launched our new Clean Energy Advantage (CEA) Residential Financing Program in partnership with NASA Federal Credit Union and Clean Energy Federal Credit Union – our Participating Lenders.
 
The CEA Program connects customers of Participating Contractors with preferred loan options for energy upgrades offered EXCLUSIVELY to Montgomery County homeowners through CEA’s lenders.  
 
Homeowners can access the lenders and their preferred rates for Montgomery County homeowners ONLY through Participating Contractors enrolled with the Montgomery County Green Bank.  Loans can cover up to $35,000 in energy improvements with terms out to 12 years, allowing deeper and more comprehensive energy efficiency and renewable energy upgrades.

 The CEA’s initial Participating Contractors include:

Atlas Home Energy Solutions
Glenmont Heating & Air Conditioning
Elysian Energy Solutions
Home Energy Savings Solution
Energy Efficiency Experts LLC

To learn more, visit the Green Bank website: CEA Program.

Meet the CIO: Steve Morel

We are excited to welcome Steve Morel as the Bank’s Chief Investment Officer. As CIO, Steve will be focused on increasing our investment in clean energy and energy efficiency activities. From an expansion of existing offerings to new product offerings, Steve will help grow the Bank’s capabilities to address the County’s sustainability objectives.

Learn more about Stephen’s background and his hopes for the Green Bank.

Or reach out to say “hello”!
Email: smorel@mcgreenbank.org
LinkedIn: https://www.linkedin.com/in/stephen-morel-b650a225


Green Partner Profiles: LewLew Inc.
Our Green Partners Series highlights our partners in the community that help make MC Green Bank a success.

We talked with Bob Harmon, VP of Business Development at LewLew to learn about their latest successes and why they are proud to partner with the Montgomery County Green Bank.

“LewLew’s ongoing interest in supporting the Montgomery County Green Bank is to make all available long-term financing options available to our prospective clients.” – Bob Harmon, LewLew (full interview)

Want to be featured as a Green Partner? We invite participating contractors to reach out to us to feature their work in in our community!

Incentive Opportunity: Resilient Maryland
The Maryland Energy Administration is pleased to announce the FY20 Resilient Maryland Pilot incentive program (“Resilient Maryland”) aimed at driving growth in the adoption of Microgrid and other distributed generation energy systems which provide cleaner, affordable, and reliable power to key entities across the State of Maryland.

This Program provides funds necessary to plan and design shovel-ready projects that will: bolster local governmental essential services; attract new industries to economic development districts; provide resilient and efficient energy to academic organizations; and provide high-quality power to businesses, multifamily housing communities, hospitals and medical institutions. In addition, completed projects will contribute to meeting Maryland’s sustainability initiatives.

Applications are due 11:59pm on May 1, 2020. To learn more, visit https://energy.maryland.gov/business/Pages/ResilientMaryland.aspx
MCGB in the Community
MC Green Bank always wants to know what residents and business of Montgomery County need to advance their clean energy vision. We do our best to meet you where you and your clients are at and join opportunities to get the word out about the benefits of clean energy projects. Here’s a recap on events that MCGB has been involved in this year so far:

Leaders in Energy Annual Gathering: On January 23, MC Green Bank CEO Tom Deyo was part of a panel at the 6th Annual Green Financing Forum co-hosted by the Leaders in Energy and Potential Energy DC. This two-part program featured industry professionals discussing the ins-and-outs of project debt financing, green banks, as well as specific case studies highlight best practices. Deyo spoke alongside Cheryl Chan from the District of Columbia and Alex Kragie of the American Green Bank Consortium.

Climate Action Coffee: Financing A Local Living Economy Through Green Banking: On the morning of February 12, CEO Tom Deyo joined a conversation about the role of green banking to mitigate climate change and promote a just transition to a green economy.

Montgomery County Climate Action Plan Town Hall: On February 27, the Green Bank joined many at the Town Hall meeting of the County Executive and County Council for the County’s Climate Action Plan.  The Green Bank was called out as a tool for the County’s efforts and looks forward to continuing its support of the stakeholder process and the efforts coming out of the Climate Action Plan.

Board of Directors Meeting
Date: March 25, 2020

Location: Meeting will be via teleconference.

Montgomery County Green Bank will be holding a Board Meeting on Wednesday, March 25, 2020 from 1:30 p.m. to 4:30 p.m. The public is permitted to attend this meeting. If you would like to join, please RSVP in advance to info@mcgreenbank.org and you will be provided information on how to join the meeting.

The meeting agenda can be found here.