Olney Professional Building Secures $2.9 Million Loan For Energy Efficiency Renovations

The Olney Professional Building, a a three-story, 20,000 sq ft commercial property located at 17904 Georgia Ave in Olney, will undergo energy efficiency renovations using tailored financing from the Green Bank and Sandy Spring Bank. The energy efficiency upgrades include HVAC, building envelope, roof, insulation, and windows (including design and contingency). The funding will also include renovations for the elevator, asphalt, landscaping, storm drain, curbs, and a parking lot. These energy conservation measures will result in 29,328 kWh in energy savings and $7,000 in annual savings for the building.