Author Archives: Tom Deyo

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

Green Partners: Innovation Energy by Engineering Services Inc.

Innovation Energy—Delivering Savings in New Ways

 

We talked with Jason O’Neill from the Innovation Energy division of Engineered Services, Inc. to learn about its latest successes and why partnering with MC Green bank is a part of them.

“All our clients know they need to go to LED lights and that their 30-year chillers need to be replaced. But the upfront cost is really challenging. [MC Green Bank’s] CLEER helps solve this problem. For example, for a $25,000 efficiency project, we can find $8,000 in incentives, and then finance the rest with the MC Green Bank. This allows the customer to do a project without an up-front cost. In fact, they may not even see the monthly payment since the savings can outpace the loan payments.”

 Read the full interview learn more!

The Montgomery County Green Bank Green Partners series highlights our partners in the community that help make MC Green Bank a success.

Green Partners: Era Building Solutions

Era Building Solutions, meeting multiple bottom lines through energy savings

 

We talked with Mike Cain, Managing Director at Era Building Solutions, a Bethesda-based company, to learn about its latest successes and why they are proud to partner with the Montgomery County Green Bank.

 

“The top reasons that our clients tell us they are making “green” decisions are for operational reliability (replacing aging or failing infrastructure), financial sustainability (“the double-green”), and corporate and environmental stewardship. The beauty of taking a holistic approach to commercial property improvement is that good business and well-planned energy strategy tend to go hand-in-hand.”

 Read the full interview to learn more!

The Montgomery County Green Bank Green Partners series highlights our partners in the community that help make MC Green Bank a success.

Green Partners: Recurrent

Recurrent—bringing CLEER solutions to clients

We talked with Peter Drown, Manager of Strategy and Business Development, and Keith Derrington, COO, at Rockville-based Recurrent to learn about its latest successes and why they are partnering with the Montgomery County Green Bank.

“A lot of clients have equipment past its useful life and are operating on borrowed time. When they discover this, they want to look for a financing solution that allows them to absorb a very large expense and do so in a planned way, and in a way to help offset the amortization cost.”

 Read the full interview to learn more!

The Montgomery County Green Bank Green Partners series highlights our partners in the community that help make MC Green Bank a success.

Webinar Recording: Financing Energy Efficiency and Renewable Energy Improvements

 

Webinar Recording Now Available: 

Financing Energy Efficiency and Renewable Energy Improvements

On November 15th, we held a webinar, Financing Energy Efficiency and Renewable Energy Improvements, to help Montgomery County energy contractors understand all the options available as they help their commercial and industrial clients decide on capital improvement funding and decision-making for next year.

Listen to Tom Deyo, Montgomery County Green Bank and Lindsey Shaw, Montgomery County Department of Environmental Protection, as they walk through the details of the programs available to commercial and industrial property owners planning energy improvements. These options include our commercial financing product, the Commercial Loan for Energy Efficiency and Renewable Energy (CLEER), as well as the County’s Commercial PACE (C-PACE) program.

These programs can help commercial and industrial property owners move forward if they have been unable to get budget funding to cover their projects, or to help them finance larger projects than they could afford on their own.

ACCESS RECORDING HERE

 

Our FY18 Annual Report is Ready!

In 2018, we did so many exciting things with our partners to help expand financing options for energy improvement projects in Montgomery County.

We launched our first loan product, met with many stakeholders across the region, attended conferences and festivals and held a workshop to spread the word on the green bank model.

All the details are in our annual report!

READ IT HERE.

 

Webinar Recording: Green Banking Strategies for Local Governments

Webinar: Green Banking Strategies for Local Governments

 

Sponsored by the Environmental Protection Agency (EPA)

Recorded on October 1, 2018 

Listen to Tom Deyo, our CEO, explain the benefits and innovations of the green bank model at the local level in this recording of a webinar hosted by the EPA. Tom, along with Bryan Garcia, President and CEO of the Connecticut Green Bank and Jeff Schub, Executive Director for Coalition for Green Capital, talk about the trends and evolution of green banks in the United States and ways green bank strategies can support local governments’ environmental, energy, and economic goals.  Tom’s presentation highlights the important considerations that local governments should take into account when engaging the green bank model. 

Listen to the webinar recording