Author: Montgomery Green Bank Staff    3/18/2021       Montgomery Green Bank

Green Notes: March 2021
Green Bank Becomes New County C-PACE Administrator

The Montgomery County Green Bank is the new administrator of the County’s Commercial Property-Assessed Clean Energy (C-PACE) program, making the Green Bank the region’s premier provider of commercial financing solutions for energy efficiency and renewable energy projects.

C-PACE is an innovative financing tool that helps commercial properties finance clean energy upgrades through their property taxes. Qualified properties can use C-PACE to receive lower-cost, long-term flexible financing for up to 100% for clean energy property improvements.

Commercial Solar Power Purchase Agreement Program
is Taking Off 

The Montgomery County Green Bank’s Commercial Solar Power Purchase Agreement Program is getting a lot of attention since it launched in February. Small commercial and nonprofit organizations, including common ownership community associations and affordable housing nonprofits, are looking at the PPA to finance new solar generation on their properties. The program finances solar energy systems of as little as 25kW for no out-of-pocket costs and with low-cost pricing for energy generated from the solar array.

If you have an interested party, please contact us. The program has a limited amount of funding available and will be offered on a first-come, first-served basis. Our pipeline is filling quickly!

Green Bank Offers Growing Portfolio of Commercial Financial Products 

The Green Bank has become the county’s one-stop shop for commercial renewable energy and energy efficiency financing products. In addition to the Commercial Property Assessed Clean Energy (C-PACE) and Commercial Solar Power Purchase Agreement (PPA) programs mentioned above, the Green Bank also offers these  products for commercial customers:

  • The Commercial Loan for Energy Efficiency and Renewables (CLEER) program offers commercial loans for energy efficiency, solar PV, energy storage and other projects.
  • The Small Business Energy Savings Solutions program offers low-cost, flexible payment option loans to small businesses seeking to re-open during the pandemic by financing energy as well as non-energy related improvements that improve the indoor air quality of the working and customer spaces.
Green Bank Homeowner Profile: Lorig Charkoudian

Maryland State Delegate Lorig Charkoudian is one of the Green Bank’s many passionate customers. She recently tapped the Green Bank’s Clean Energy Advantage (CEA) program to help fund the installation of a ground source heat pump at her home to reduce her household’s dependence on fossil gas for heat and the project. Read the Green Bank’s interview with Lorig here.

Residential Update: CEA Progress to date – two geothermal, six solar loans closed, producing 113,376 kWh of clean, renewable energy and mitigating 80.3 metric tons of CO2. And more in the pipeline!

Green Bank Board Meeting on March 24, 2021
The Green Bank’s Board of Directors will meet via teleconference from 1:30 – 4:30 pm on Wednesday, March 24, 2021. The public is welcome to attend.   RSVP to info@mdgreenbank.org.

See agenda and more about the meeting by clicking here.

Online Resources and Events
While you’re staying-at-home, you can take advantage of these resources and webinars to be learning-at-home.

March 22 from 1-2: Navigating Air Purification Devices During COVID
As part of the Better Buildings series, Seema Bhangar of WeWork and Marwa Zaatari of Blue Box Air will discuss new air purification technologies and highlight proven and impactful strategies for safe reopening without compromising energy efficiency. Learn more and register here.

May 4-6: Montgomery County Energy Summit
This annual Summit will feature the latest trends in green building, energy efficiency, renewable energy and related topics for commercial, multifamily, and residential properties in the county. So hold the date for this year’s summit, with the theme, “Resiliency, from Buildings to Community.” Preliminary info about the summit can be found here.

May 17-20: US DOE’s Better Buildings, Better Plants Summit
The U.S. Department of Energy will hold its Better Buildings, Better Plants Summit sharing the latest and greatest in building efficiency developments. More details about speakers and panels will be released here.

May 25-26: ACEEE Energy Efficiency Finance Forum
The American Council for an Energy-Efficient Economy is holding another virtual conference, this time on how financing can drive a clean energy future. Learn more and register here.

June 26-30: ASHRAE Annual Conference
ASHRAE holds its annual conference to discuss the latest advances in energy efficiency in HVAC systems and appliances. Learn more about the virtual conference here.

Green Bank Video Library
Catch up on the Green Bank’s growing archive of recorded webinars addressing topics such as how to use the Green Bank’s products to recover from COVID-19 economic setbacks or finance common ownership community property improvements.
https://mcgreenbank.org/webinars-and-resources/

Clean Energy Solutions Webinar Archive
View the library of Clean Energy Solutions webinars on topics ranging from home appliance efficiency, benchmarking, and breaking through the information barrier to achieve energy savings.
https://cleanenergysolutions.org/training/energy-efficiency

New Buildings Institute Webinar Archive
View NBI’s archive of on-demand webinar recordings on topics ranging from codes and policies to advance net zero to zero net carbon schools. View them all at: https://newbuildings.org/webinar/

ENERGY STAR Recorded Webinars and Online Contractor Trainings
Learn about the latest ENERGY STAR residential programs, recognizing advanced energy efficiency in homes, or revisit your contractor trainings for Home Performance with ENERGY STAR, and refresh requirements, objectives, and strategies.

Home Energy Score Training Webinars
Brush up on your Home Energy Score understanding with these webinars from the U.S. DOE’s Better Buildings Challenge