The Green Bank has many financing options for commercial property owners to undertake Clean Energy financing. 

Ready to go? Find a participating contractor by clicking here.

Interested in Case Studies? See examples by clicking here. 

Programs Available:


Commercial Loan For Energy Efficiency and Renewables (CLEER)

Borrower

  •  Commercial and industrial (C&I) property owners,including nonprofits, common ownership community associations, and multifamily properties. 

  •  Tenants of commercial properties with consent of the property owner for improvements.

Funds for

Energy Efficiency and Renewable Energy

Participating Lenders

Participating Contractors

Loan Size

Minimum: $15,000

% Financing Available

Up to 100% financing

Financing Terms

Tenure:  2 to 12 years.


Fixed rate term loan financing.  Loans over 7 years have a one time step up in rate in Year 7.

Eligible Properties

Property must be in Montgomery County, MD, and in the Pepco service area.

C&I properties or businesses, rental apartment buildings of 5 or more units, condominiums, Homeownership Communities.  (Condos and HOAs can be outside of Pepco service area.) 

Eligible Clean Energy Measures

  • Measures in Pepco's C&I energy savings program.

  • Energy storage

  • Solar PV

  • Geothermal

  • Combined heat and power

  • EV Charging stations

Loan can include up to 30% of costs for other  improvements related to energy saving improvements.

Rates 


Rates vary by Participating Lender and are based on several factors, including borrower’s credit, size of loan, term, and market conditions.

Collateral

UCC-1 and other filings, including fixture filings, as required by the Participating Lender. Guarantee requirements as appropriate.

C-PACE

Capital Providers

If not working with a capital provider, contact the Green Bank for current capital providers registered in the program.

Borrower

Commercial and industrial (C&I) property owners, including nonprofits and multifamily properties. 

(Not suitable for condominiums.)

Funds for

Energy Efficiency and Renewable Energy

Loan Size

Minimum: $5,000


Maximum: 20% LTV for existing buildings

Maximum: Up to 20% LTV for new construction depending on code exceedance

Maximum: 90% total debt to value on property.

% Financing Available

Up to 100% financing

Financing Structures

Type:  Non-accelerating term loan.  Repaid through PACE surcharge on property tax. 
Term:  Up to 20 years

Eligible Properties

Property must be in Montgomery County, MD.

C&I properties or businesses, rental apartment buildings of 5 or more units. 

Eligible Clean Energy Measures

New construction and retrofit projects.

  • Energy savings measures

  • Energy storage

  • Solar PV

  • Geothermal

  • Combined heat and power

  • EV Charging stations

Rates 


Rates vary by Capital Provider based on several factors, including borrower’s credit, size of loan, term, and market conditions.

Collateral

Recording of surcharge assessment as a priority lien on property owner's property tax. 
Must have first lender's consent.

Small Business Energy Savings Support

Borrower

  • Small businesses with less than 500 employees,  including nonprofits, common ownership community associations, and multifamily properties. 

  • Tenants of commercial properties with consent of the property owner for improvements.

Funds for

Energy Efficiency and Renewable Energy

Participating Lenders

City First Enterprises

Loan Size

Minimum: $10,000.  Maximum:  $150,000

% Financing Available

Up to 100% financing

Financing Structures

Type:  Unsecured or Secured by UCC-1 on fixtures
Term:  Up to 5 years
Initial payment flexibility:  Interest-only for six months; deferred payment for 3 months, 

Eligible Properties

Property must be in Montgomery County, MD.

C&I properties or businesses, rental apartment buildings of 5 or more units, condominiums, Homeownership Communities. 

Eligible Clean Energy Measures

Projects must include a renewable energy or energy efficiency component that generates energy savings or cost savings benefits. 

Loan can include up to 30% of costs for other  improvements related to energy saving improvements.

Rates 


3% to 5% depending on several factors including secured / unsecured, borrower’s credit, size of loan, term, and market conditions.

Collateral

Secured loans use UCC-1 filings.  Guarantee requirements as appropriate.

Commercial Solar Power Purchase Agreement

Customer

Commercial and industrial (C&I) property owners, including nonprofits, common ownership community associations, and multifamily properties. 

Funds for

Solar PV

Solar PV System Size

Minimum: 25 kW

Target: Of 200 kW, though larger solar PV system sizes are eligible and will be considered under the program.

Larger system sizes are eligible and will be considered under the program. 

% Financing Available

No out-of-pocket costs to install system

Financing Structures

Type:  Power Purchase Agreement
Term:  20 years; longer term considered on case-by-case basis.

Eligible Properties

Property must be in Montgomery County, MD, and in the Pepco service area. (Condos and HOAs can be outside of Pepco service area.) 

In addition to traditional C&I sector properties or businesses, the PPA can reach:

  • Nonprofits

  • Rental apartment buildings of 5 or more units

  • Condominiums

Eligible Clean Energy Measures

Solar PV

PPA Pricing

PPA agreement will set a fixed price per kWh of the solar energy generated from system for term of PPA agreement.  (Lower starting kWh prices with an annual escalating rate option is available if customer desires.)

Collateral

No building/financial collateral required. PPA provider owns the solar system and retains rights over system equipment.

Request for Proposals

Offering

Projects needing funding and seeking to gain an understanding of solutions that the Green Bank might offer to meet your needs.

Find Request For Financing Proposals here.

Eligible Borrowers

Commercial and industrial (C&I) property owners, including nonprofits, common ownership community associations, and multifamily properties. 

Funds for

Energy Efficiency and Renewable Energy

Loan Size

Minimum: $100,000

% Financing Available

Up to 100% financing

Financing Structures

The Green Bank has many structures it can consider, including credit enhancements, loans, participations, etc.

Eligible Properties

Property must be in Montgomery County, MD, and in the Pepco service area.  Condominiums may be outside of the Pepco service area.

New construction and retrofit projects.

Eligible Clean Energy Measures

  • Measures in Pepco's C&I energy savings program.

  • Energy storage

  • Solar PV

  • Geothermal

  • Combined heat and power

  • EV Charging stations

Projects should have a target energy savings gain of at least 15% to current conditions or renewable energy.

Rate

Per project dependent.

Collateral

Per project dependent.

Participating Contractors

Case Studies