The MCGB has many financing options for commercial property owners to undertake Clean Energy financing.
Commercial property owners include:
|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|
Commercial Loan for Energy Efficiency and Renewables (CLEER)
Commercial property owners, managers including nonprofits and multifamily properties.
Energy Efficiency and Renewable Energy
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.
% Financing Available
100% financing – no-out-of-pockets
Loan terms up to 12 years to help match energy cost savings to loan payments
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.
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.
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
UCC-1 and other filings, including fixture filings, as required by the Participating Lender. Corporate and personal guarantee requirements as appropriate.