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About the Project: Hampshire Tower Apartments is making significant improvements to its energy footprint, and solar is one of the measures it is using to get there. By installing solar, Hampshire Tower Apartments will offset approximately $20,000 in energy costs per year and generate an additional $5,000 in SREC revenue. Not only will the system mitigate greenhouse gases, it will produce a positive ...
About the Project: Glen Manor is a 32-unit affordable condominium in a prime location with diverse residents consisting of families, couples, and single individuals of all ages. Aging mechanical systems needed repair and the community explored options for over two years, including selling the property. The community’s love of the property created a different solution. The partnership between the Montgomery County Green Bank ...
About the Project: The tenants of the Glascock Office Building represent leaders in environmental advocacy and have pursued a series of comprehensive energy efficiency upgrades since 2006. The property owners capped off their series of upgrades with the replacement of their HVAC system with a new energy-efficient 120-ton rooftop HVAC unit. With all replacements undertaken, the property’s average annual energy consumption savings is ...
About the Project: The Board and residents of Takoma Overlook spent a couple years exploring the options to conduct needed energy efficiency improvements to their property. In 2019, the association pursued a comprehensive set of improvements to reduce operating costs associated with the aging systems and also find savings in the reduced energy consumption. With all replacements undertaken, the property’s average annual energy ...
About the Project: Stockbridge at Tanglewood Condominiums became the first local commercial entity to use a loan under the Small Business Energy Savings Support product to improve its operating budget and gain savings. The Association worked closely with the Montgomery County Green Bank and City First Enterprises to secure a $44,000 loan. New LED fixtures on the property are reducing energy consumption by ...
About the Project: The solar PV system consists of 49 Hanwa 320 Watt solar modules 15.68 kW with 49 Enphase IQ7-60-x-US microinverters and the state-of-the art Enphase remote monitoring platform. Solar PV systems use a multitude of photovoltaic cells to convert sunlight into electricity. When light shines on the PV cell, the components move rapidly and create electricity; and stronger sunlight creates more ...
About the Project: Residents in Montgomery County installed a closed loop geothermal system with two loops and water furnace. This household now has a Projected Annual Energy Savings of: Conversion from Gas: 24,584 kWh (of equivalent heat & electricity) Conversion from Electric: 9,275 kWh A geothermal system is similar to a conventional heat pump heating and cooling system. A conventional heat pump, also ...
About the Project: The Green Bank, in partnership with City First Enterprises, closed a $60,000 loan to help the Clarksburg Condominium II association fund an electric vehicle supply equipment (EVSE) infrastructure project. Through this project, the Clarksburg Condominium II will install six EV chargers on the property for use by its residents and contribute to mitigating 55 metric tons of carbon dioxide per year. ...
About the Project: Sandy Spring Bank, backed by the Montgomery County Green Bank’s CLEER Program to help the Olney Ale House rebuild a more energy efficient and more flexible space with dining options following a fire that closed the restaurant in 2019. Montgomery County Green Bank’s Role The Montgomery County Green Bank and Sandy Spring Bank have a partnership with the ...
Testimonials
“Working with the Green Bank has helped us work better with our customers to achieve the best energy efficiency outcomes.”
“We have been grateful for the Green Bank throughout this process. In a time when restaurants and retail outlets need the help to undertake re-opening improvements, the Green Bank’s financing provides the flexibility we need to execute our needed energy efficiency property improvements to achieve our re-opening plan.”
“It was a very straightforward process. What you saw was what you get. There was no hidden fees or hidden questions about what the financing process was going to go through. Easy financing through the Green Bank has been awesome and allowed us to do this project.”
“We would have never gone solar without the Montgomery County Green Bank.”
“If it hadn’t been for Green Bank, we wouldn’t be in a better position now than we were.”
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Montgomery County Improves and Expands Commercial PACE
Media contact: Tyniah McDuffie, Communications and Community Engagement Manager Montgomery County, MD (April 2022) - On March 15, 2022, the Montgomery County Council unanimously passed the ...
The Montgomery County Green Buildings Now Act Will Allocate 10% of the Fuel-Energy Tax Revenue Each Year to the Montgomery County Green Bank
New Legislation Dedicates Annual Funding for the Montgomery County Green Bank Montgomery County, MD (February 2, 2022) – Montgomery County Council passed the Montgomery County Green ...
