Tired of high energy bills that keep getting higher? Looking to improve the air quality in your home? Want to make home improvements that enhance your home and lower your environmental impact?
The Montgomery County Green Bank’s Clean Energy Advantage (CEA) Program may be the right option for you.
Homeowners making energy improvements through the CEA Program, working with Participating Contractors, have access to preferential financing from partnering lending institutions. By working with an Participating CEA Program Contractor, homeowners can access longer term loans and lower interest rates so that energy savings can cover the cost of monthly payments.
How does it work?
The Montgomery County Green Bank is proud to partner with two lenders – NASA Federal Credit Union and the Clean Energy Credit Union – to work with you on your clean energy improvements. Through the CEA Program, these Participating Lenders offer Montgomery County, MD homeowners working with a Participating Contractor a preferred interest rate not generally offered to the public for the financing of clean energy home improvements.
Talk with one of our Participating Contractors to get started. Our Participating Contractors can help you with your improvement needs. They will work with you to answer a few basic questions to determine your eligibility for the CEA Program. They will help you identify any utility incentives, and can help you make important decisions about your improvements.
Once accepted, you will have access to CEA Program lenders and their special CEA Program lending terms for your project!
The following are the current Participating Contractors for the Clean Energy Assistance Program
Atlas Home Energy Solutions:
Glenmont Heating & Air Conditioning:
Montgomery County Green Bank is proud to partner with two lenders - NASA Federal Credit Union and the Clean Energy Credit Union - to work with you on your clean energy improvements. Through the CEA Program, these Participating Lenders offer Montgomery County, MD homeowners a preferred interest rate not generally offered to the public for the financing of clean energy home improvements.
Access to the preferred rates of the CEA Program are only available through a Participating CEA Program Contractor. By working with an Participating CEA Program Contractor, you will be directed to a website to determine your eligibility for the CEA Program and then providing you with the opportunity to choose a lender for a loan application and have access to the preferred CEA Program rates.
General terms for the lender products include:• Loans from $3,000 to $35,000
• Terms from 2 to 12 years
• Unsecured loans (no lien on property) or secured loans (lien on equipment)
• Unsecured interest rates start as low as 6.49%. (Final borrower interest rates are decided by Participating Lender and dependent on loan term, credit and other factors of borrowers.)
Homeowners can make any improvements and upgrades for which a utility incentive is provided under the EmPOWER Maryland program, including:
- Air leakage reduction, insulation, duct sealing
- Electric Heating, Cooling or Hot Water
- Gas Heating and Hot Water
- Any compliance-based health and safety measures that are required for utility rebate or incentive eligibility, such as health air exchanges.
Homeowners can also do projects that include:
- Solar PV
- Energy Storage
- Electric Vehicle Charging Stations