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. Common Ownership Communities across the county are considering ways to install EVSE infrastructure and serve their communities. The partnership between the Green Bank and City First Enterprises provided the flexible financing to meet those goals.
Financing Details
The Green Bank/City First Enterprises used the Small Business Energy Savings Support program to provide a loan to fund an electric vehicle supply equipment (EVSE) infrastructure project.
Montgomery County Green Bank’s Role
The Montgomery County Green Bank partners with City First Enterprise on the Small Business Energy Savings Support program which provides affordable capital to support clean energy projects. The Green Bank works closely with the Montgomery County Commission on Common Ownership Communities to help association boards execute on long term energy plans and financing strategies to be able to implement projects.
Project Snapshot
Building Type:
Two condominium buildings located off Interstate 270 in Clarksburg, Maryland
Property Upgrade Summary:
Installation of electric vehicle supply equipment (EVSE) and six electric vehicle (EV) chargers in the condominium parking lot. Equivalent to mitigating 55 metric tons of carbon dioxide per year.
Loan Amount:
$60,000 Small Business Energy Savings Support loan by the Montgomery County Green Bank and City First Enterprises.
