Author Archives: Tom Deyo

The Green Bank Is Hiring – Business Operations Manager

The Montgomery County Green Bank is presently hiring a Business Operations Manager. The position description can be found here.

The position is open through August 7, 2020, or until filled.

Please submit resumes and cover letters for the position to HR@mcgreenbank.org.

Standing Together to Fight Systemic Racism and Injustice

We mourn the unjustified loss of the lives of George Floyd, Ahmaud Arbery, and Breonna Taylor and the many others before them whose deaths are a result of long-standing, systemic racism and injustice in this country.  We are moved by and support the outpouring of so many voices in Montgomery County, across our nation and around the world demanding change.  Change is long overdue; this systemic racism and injustice must end.

On behalf of the Montgomery County Green Bank (Green Bank), we are committed to listen better and to do our part to make such change happen.  The Green Bank’s mission is to equitably and inclusively accelerate clean energy investment in Montgomery County.   Our work is dedicated to addressing both the causes and the increasing effects of climate change and the related detrimental health, economic, and safety impacts, especially on Black, Hispanic, and other underserved communities which for far too long have suffered from environmental inequities and injustice.

Through the resources and tools of the Green Bank, we are determined to act with intention to assure racial diversity and equality in our programs.   We undertake this as we simultaneously work in partnership with Montgomery County to address climate threats and the injustice of their impact on underserved communities.   We will conduct our efforts to improve the health and well-being of residents and employees while creating jobs and opportunity — with inclusion, not discrimination — for County residents and enterprises.

We encourage your input and support on innovative ways for the Black, Hispanic, and other underserved communities to access and use the resources we provide to address the causes and effects of climate change to achieve healthy, resilient homes and businesses and better lives.  We will work with Montgomery County officials, diverse stakeholders, businesses, and homeowners to assure our work is responsive, inclusive, equitable, and has measurable impact.

Bert Hunter, Chair, Board of Directors
Tom Deyo, Chief Executive Officer

2020 Annual Report from Amercian Green Bank Consortium

The American Green Bank Consortium has published the 2020 annual report on the activities of green banks throughout the U.S.   The Montgomery County Green Bank is highlighted for many of its activities over the past year.

You can find a pdf of the report here, or connect to the report online here.

Notice of May 6, 2020 Board Meeting

Date: Wednesday,  May 6, 2020, 1:30 p.m. to 4:30 p.m.

Meeting will be via teleconference.

Montgomery County Green Bank will be holding a Board Meeting on Wednesday,  May 6, 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.

Notice of December 23, 2019 Special Board Meeting

Date: Monday December 23, 2019, 2:00 p.m.
Location: 155 Gibbs Street, 4th Floor Conference Room A

The Montgomery County Green Bank will be holding a Special Board Meeting on Monday December 23, 2019 at 2 pm.  The public is permitted to attend this meeting.   Please note that much of this meeting is a closed meeting.  If you would like to be there, please RSVP in advance to info@mcgreenbank.org. The meeting agenda can be found here.

(Please note that this meeting time may change and, if so, then the new time will be posted on the website.)

Use CLEER as a Marketing Tool to Increase Project Scopes for 2020 Projects

Use CLEER as a Marketing Tool to Increase Project Scopes for 2020 Projects

MCGB has been hearing from contractors that this upcoming budget season may be different. Cash may be less available for projects and that means financing may be a useful tool to get property owners to commit to their energy saving’s projects in 2020.

The Commercial Loan for Energy Efficiency and Renewables (CLEER) can be a helpful tool to get your clients to achieve economies of scale now and get to that energy saving sooner – rather than waiting yet another year!

Hold the Date! October 23 Energy Savings Workshop for Benchmark Property Owners

Hold the Date! October 23 Energy Savings Workshop for Benchmark Property Owners

The Montgomery County Green Bank and the Montgomery County Department of Environmental Protection (DEP) have scheduled a workshop at the Silver Spring Civic Center on October 23 from 8 AM to 12 PM to provide insight to property owners / managers of benchmarked properties on how to assess and identify energy savings measures, where to find utility incentives, and what financing may be available to help. This workshop will bring property owners / managers, contractors, utility representatives and lenders together to meet, inform, and explore options on how to make energy savings improvements to commercial properties.

CLEER Loan Supports Energy Efficiency For Office Building in Bethesda

The Green Bank’s CLEER loan was recently used to finance a major energy efficiency improvement.

Recurrent Innovative Solutions, LLC and Revere Bank recently used the Montgomery County Green Bank’s Commercial Loan for Energy Efficiency and Renewable (CLEER) program to fund an energy efficiency project in Bethesda.

The $200,000 CLEER loan closed in June 2019 and supports an office property in Bethesda. The loan will pay for installation of a rooftop HVAC system and controls, which is the final effort on a series of energy efficiency renovations that Recurrent has done to this property. The loan from Revere Bank will be a 12-year loan at 6.125% and secured by a UCC on the asset; there is no lien on the property. The project will result in about 17% of energy savings for the property and was able to secure $12,000 in incentives from Pepco. Revere Bank processed the approval of this loan within 2 weeks of documents being submitted.

“The CLEER process was straight-forward and moved efficiently. The property owners were pleased with the bank’s proposal. The loan allowed the owner to take care of this important piece of deferred maintenance, drive down energy costs and improve comfort for the building occupants.” Keith Derrington, Chief Operating Officer – Recurrent Innovative Solutions, LLC.

“CLEER allowed us to provide flexibility for this owner to meet its needs. The interactions with the Green Bank and Recurrent were simple and quick. This helped us to efficiently underwrite and approve this loan and be responsive to the owner’s timetable.” Horacio Chacon – Revere Bank

Latino Economic Development Center – NEW CLEER Lender

 

The Latino Economic Development Center (LEDC), a local small business lender, is a new CLEER lender!

LEDC has offices in Wheaton and has served the Montgomery County market for over eight years. During this time, LEDC has provided over 300 loans to small businesses in Montgomery County. LEDC is a certified Community Development Financial Institution and Small Business Administration Community Advantage and Micro-Loan Intermediary lender.

LEDC joined onto CLEER to help promote energy savings to its small business customers and to offer another lending option for CLEER throughout the county. LEDC will focus predominately on loans under $75,000. Rates for LEDC start at 6.5% and LEDC will go out to 10 years depending on the useful life of the energy savings measure. The contact information for LEDC is:

Carlos Garcia
cgarcia@ledcmetro.org
202-540-7425

Susana Gomez Portugal
sgomez@ledcmetro.org
202-540-7430

“The Latino Economic Development Corporation is excited about supporting property and business owners in Montgomery County to undertake energy performance improvements and to gain the operating and environmental benefits that come with these improvements. Through our extensive work with small businesses, we know that finding operating expense savings are key to long-term business success.” Rodrigo Cordon – Latino Economic Development Corporation

Request For Proposals for Financing of Clean Energy Improvements for Commercial Properties

Please review here the Request For Proposals for Financing of Clean Energy Improvements for Commercial Properties.  (The application in Word for completion can be found here.)

The Green Bank is soliciting financing ideas from those commercial property owners participating in the Montgomery County Benchmarking program and who have plans to undertake energy efficiency or renewable energy projects on their properties.

This Request For Proposals for Financing of Clean Energy Improvements aims to support owners of private commercial buildings in Montgomery County that:

  • Are required to submit a property under the County’s benchmarking law
  • Wish to improve the energy performance of one or more benchmarked properties
  • Who have a plan(s) for undertaking energy performance improvements on the benchmarked property(ies) and
  • Are seeking financing to support the implementation of these improvements.

We welcome all ideas.  Please consider submitting a proposal for our consideration.

Before-You-Rent: A Guide and Checklist for Energy Savvy Renters

Affordable Multifamily HomesNearly all renters pay their own energy bills, but few have options relating to the efficiency and quality of the heating and cooling systems, appliances, and windows of their rental. However, there are many steps renters can take to save and manage energy. 

Montgomery County Green Bank has partnered with the Northeast Energy Efficiency Partnership (NEEP) to bring the following resources to renters in the Montgomery County community. Continue reading