Commercial Programs
Borrower Eligibility: |
Commercial and industrial (C&I) property owners, including nonprofits and multifamily properties.
(Not suitable for condominiums) |
Eligible Properties: |
Property must be in Montgomery County, MD.
C&I properties or businesses and rental apartment buildings of 5 or more units. |
Eligible Clean Energy Measures: |
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Participating Lenders: |
Search the Directory here. Filter by “C-PACE” |
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 Terms: |
Type: Non-accelerating term loan. Repaid through PACE surcharge on property tax.
Term: Up to 20 years |
Rates: |
Rates vary by Participating Lender and are 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. |
Borrower Eligibility: |
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. |
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. (Condos and HOAs can be outside of Pepco service area.) |
Eligible Clean Energy Measures: |
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Participating Lenders: |
Sandy Spring Bank |
Loan Size: |
Minimum: $15,000 |
Financing Available: |
Up to 100% financing |
Financing Terms: |
Tenor: 2 to 12 years.
Fixed rate term loan financing. Loans over 7 years have a one time step up in rate in Year 7. |
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. |
Borrower Eligibility: |
Small businesses with fewer than 500 employees, including nonprofits, common ownership community associations, and multifamily properties.
Tenants of commercial properties with consent of the property owner for improvements. |
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. |
Participating Lenders: |
City First Enterprises |
Loan Size: |
Minimum: $10,000
Maximum: $150,000 |
Financing Available: |
Up to 100% financing |
Financing Terms: |
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. |
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. |
Borrower Eligibility: |
Commercial and industrial (C&I) property owners, including nonprofits, common ownership community associations, and multifamily properties. |
Eligible Properties: |
Property must be in Montgomery County, MD.
In addition to traditional C&I sector properties or businesses, the PPA can reach:
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Eligible Clean Energy Measures: |
Solar PV, minimum of 25 kW
Target of 200 kW, though larger solar PV system sizes are eligible and will be considered under the program. |
Participating Lenders: |
Contact MCGB. |
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.) |
Financing Available: |
No out-of-pocket costs to install system |
Financing Terms: |
Type: Power Purchase Agreement
Term: 20 years; longer term considered on case-by-case basis. |
Collateral: |
No building/financial collateral required. PPA provider owns the solar system and retains rights over system equipment. |
Borrower Eligibility: |
Multi-Family property owners |
Eligible Properties: |
Affordable Multi-Family (rental apartment buildings of 5 or more units) |
Program Administrator/Lender: |
Montgomery County Green Bank |
Eligible Clean Energy Measures: |
Infrastructure support for up to two dual EV Charging Stations |
Participating Lenders: |
Montgomery County Green Bank |
Loan Size: |
The total of (i) project costs covered by state and utility incentive programs; (ii) up to a 10% gross-up above these incentives, and (iii) a gross-up of $2,000 per dual-head charger up to two chargers, or $4,000, per property. Expectation of approximately $50,000 |
Financing Terms: |
Nine months. |
Rates: |
A fixed rate of 0.00% per annum |
Repayment: |
At project completion, repayment of i) in loan sizing from incentive amounts received from Maryland Energy Administration and Pepco incentives and rebates; items ii) and ii) of loan sizing are forgiven. |
Collateral: |
Unsecured. Green Bank will seek assignment of incentives. |
Residential Programs
Rates are updated as of 12/05/2022. Rates include Montgomery County Green Bank buydown. Rates are subject to change, the Clean Energy Credit Union rates are the official rates and can be found here: https://www.cleanenergycu.org/home/loans/solar-electric-systems
Loan Calculator
If you know your desired loan term and corresponding interest rate, please use the following steps:
Check your project contract or proposal to find the total amount of your project. Enter that in the “Loan Amount” space at the top.
Enter the number of years you want to take out your loan for.
Enter the interest rate that corresponds with the loan and term you are looking for. Interest rates provided are for best credit score. You may be approved for a higher interest rate depending on your credit score.
Click on the Calculate button to see your estimated monthly payment.
The results are preliminary and are not the actual loan payment amounts which will be determined by the lender after you complete your loan application with your selected lender. Monthly loan payments are fixed for the term of the loan and include interest.
