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No matter what kind of commercial property you own or residential property you live in, the Montgomery County Green Bank can help shape the solar financing solution that meets your needs.
For Commercial Property Owners
Commercial Solar Power Purchase Agreement (CSPPA): allows building owners to experience the lower energy cost benefits of solar energy with no out-of-pocket costs and without the burden of owning and maintaining a solar PV system.
Tailored Structured Finance: a customized financing tool that can be adjusted to meet the needs of property owners wishing to own their systems.
For Homeowners
Renewable Energy Financing: affordable loans for installation of solar panels, geothermal, and energy storage on your home.
Access Solar Financing: ownership and rental solar financing options for income-qualified homeowners.
These solar projects financed through the Montgomery County Green Bank help to save energy, lower greenhouse gas emissions, create healthy living and working environments, foster a more resilient economy and environment, and help the County achieve its environmental goals.
Community Solar
Community Solar at Paddington Square
• 286 kW Solar PV system
• Serving 91 households; 30% LMI*
• Mitigate 235 metric tons of greenhouse gas emissions
Stewart Avenue Warehouses
• 412 kW Solar PV System
• $88,209 annual subscriber savings
• Mitigate 348 metric tons of greenhouse gas emissions
*Low- and moderate-income
Homeowners
• 19 loans closed for homeowner solar
• On average, each household is saving $11,493 in reduced electricity bills and mitigating 8 metric tons of greenhouse gas emissions.
• The Green Bank also has programs for homeowner geothermal
Faith-based Communities and Non-Profit Organizations
Epworth United Methodist Church
• 117.9 kW solar PV system
• $121,027 in reduced electricity bills
• Mitigate 1,879 metric tons of greenhouse gas emissions
Jewish Council for the Aging
• 90.6kW solar PV system
• $52,000 in reduced electricity bills
• Mitigate 1,430 metric tons of greenhouse gas emissions
Unitarian Universalist Church of Silver Spring
• 160.23 kW solar PV system
• $20,158 per year in reduced electricity bills
• Mitigate 130 metric tons of greenhouse gas emissions
Meadowbrook Stables
• 113.52 kW rooftop solar PV system
• Annual savings of $6,085 in reduced electricity bills
• Mitigate 2,087 metric tons of greenhouse gas emissions
*Faith-based projects done in partnership
Affordable Housing Communities
Housing Unlimited
• 20.70 kW solar PV systems on three single-family properties
• $79,011 in reduced electricity bills
• Mitigate 331 metric tons of greenhouse gas emissions
Hampshire Towers
• 159 kW solar PV system
• $20,000 in energy cost savings per year
• Mitigate 130 metric tons of greenhouse gas emissions
Common Ownership Communities
• The Green Bank is currently working with over 20 condominiums to find solar solutions for their properties, with proposals in Silver Spring, Bethesda, Rockville, Germantown, and Chevy Chase.
For more information:
email info@mcgreenbank.org | phone 240-453-9000
