About the Project:

Stewart Avenue Warehouses will use a CLEER loan to install a 412kW solar system and sell the electricity output via community solar subscriptions from the warehouse tenants and subscribers within the Pepco territory. The solar system will produce 515,000 kWh in its first year and generate an average of 491,256 kWh per year over the next 20 years. This energy production will lead to subscriber savings of $88,209 per year, mitigating 348 metric tons of greenhouse gas emissions.

Financing Details

The total project cost will be financed through a CLEER+ loan with The Green Bank and Sandy Spring Bank.

Montgomery County Green Bank’s Role

Through the Montgomery County Green Bank’s CLEER program, the Stewart Avenue Warehouses are able to access flexible capital at a below-market rate.

Project Snapshot

Building Type:

The Stewart Avenue Warehouses are industrial warehouses in Silver Spring, MD.

Property Upgrade Summary:

Rooftop installation of a 412kW solar system by New Columbia Solar.

Loan Amount:

$1,125,000 Commercial Loan for Energy Efficiency and Renewables (“CLEER”) by the Montgomery County Green Bank and Sandy Spring Bank.

For those who can benefit from decreasing operating expenses because of energy efficient equipment, infrastructure, and their physical space, the CLEER program is a way to make those investments in a way that generates net positive cash flow.

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