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

Commercial property owners include:

Contents:

1. Programs Available and Terms

2. Find a Participating Contractor

3. Case Studies – Glascock Office Building

4. Case Studies – Takoma Overlook Condominiums

 


 

Programs Available

Commercial Loan For Energy Efficiency and Renewables (CLEER)
Energy Effiieincy and Renewable Energy
Commercial Property Assessed Clean Energy (C-PACE)
Energy Effiieincy and Renewable Energy
Small Business Energy Savings Support Program
Energy Effiieincy and Renewable Energy
Commercial Solar Power Purchase Agreement Program
Solar PV
Request For Financing Proposals
Energy Effiieincy and Renewable Energy

Program Terms

Commercial Loan for Energy Efficiency and Renewables (CLEER)

Commercial property owners, managers including nonprofits and multifamily properties. 

Funds for: 

Energy Efficiency and Renewable Energy

Borrower

Commercial Property owners or tenants, a condominium or PUD homeowners’ association, or cooperative corporation (“Business Owner”)
For-profit or non-profit entities are eligible.
Tenants of Commercial Properties seeking to make Eligible Measures may be asked to obtain the prior written consent of the property owner.

Loan Size

Minimum: $15,000

% Financing Available

100% financing – no-out-of-pockets

Financing Structures

Loan terms up to 12 years to help match energy cost savings to loan payments

Eligible Buildings

Commercial or industrial properties or businesses (“Commercial Properties”), rental apartment buildings of 5 or more units, and multifamily communities, which include condominiums, Planned Unit Developments (“PUDs”) and cooperatives.
Properties must be located in the Pepco service area of Montgomery County, MD.

Eligible Clean Energy Technologies

Eligible Measures approved by Pepco under its Commercial and Industrial (“C&I”) energy savings program, PLUS several other qualifying energy-related improvements including: energy storage, photovoltaic (PV), or HVAC natural gas, must comprise at least 70% of the cost of improvements being financed.

Additional improvements to the property that are related to the above improvements (such as water conservation, roofing improvements to support solar PV installation, insulation, and painting of the area where the energy improvements were installed) are allowed and may account for up to 30% of the cost of improvements financed.

Rates 


Terms

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


24 to 144 months, depending upon the Participating Lender

Collateral

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

Case Studies