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 provides for financing flexibility to meet those goals.

Montgomery County Green Bank’s Role

The Montgomery County Green Bank and City First Enterprise’s Small Business Energy Savings Support Program brought partner and the needed capital to support the Clarksburg Condominium II project.  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 Commercial Loan for Small Business Energy Savings Support by City First Enterprises and backed by the Montgomery County Green Bank.

Montgomery County 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.

For those who can benefit from decreasing operating expenses because of energy efficient equipment, infrastructure, and their physical space, the Small Business Savings Advantage program is a way to make those investments in a way that generates net positive cash flow.

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