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Author:  MCGB Staff      Published: 6/16/2022     MCGB

 

Green Bank News | June 2022Here’s The Latest News
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See below for more details on the upcomingBoard of Directors Meeting. 
June 22, 2022 Board of Directors Meeting 
Date: June 22, 2022Time: 8:00 – 9:00 amLocation: 155 Gibbs Street, 4th Floor, Bethesda, MD 20850The Montgomery County Green Bank will be holding a Board of Directors Meeting on Wednesday, June 22, 2022, at 1:30 PM. The public may attend. The meeting will be held in person at 155 Gibbs Street in Bethesda, MD. Please RSVP to info@mcgreenbank.org. View the meeting agenda.
RSVP for the Meeting
We’re closing out fiscal year 2022 with a bang! See below for an end of year summary.  

 End of Year Summary for Fiscal Year 2022

Over the past year, the Green Bank has been committed to building a prospering, sustainable, and healthy Montgomery County where everyone participates in and benefits from clean energy and climate-resilient solutions. We are excited to move forward with significant momentum in investments and impact, strong alignment on energy and equity, and a proven platform to support County leadership on climate adaptation, green job creation, economic recovery, and quality of life. We thank all who have collaborated on our progress.Fiscal Year 2022 Highlights:
  • FY22: Transaction production volume: $11,421,601
  • FY22: Number of projects: 38
  • Portfolio: Annual GHG savings (metric tons): 1,879*
  • Portfolio: Annual energy $ savings: $206,401
  • Portfolio: Households supported: 745
  • Portfolio: Low-and Moderate-Income Households supported: 550
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We’re expanding our business with partnerships, deals and programs. See below for updates. 

 The Green Bank Partners with Sunnova to Make Solar More Accessible

  
The Montgomery County Green Bank is proud to announce a new partnership with Sunnova Energy International Inc. to offer low- to moderate-income homeowners in Montgomery County access to exclusive solar financing. This program is available to Montgomery County households that earn up to $97,500 per year and want to enjoy the benefits of going solar without any upfront costs. Through an innovative structure of Green Bank resources in partnership with Sunnova, more options are being made available to qualifying households to either lock in a predictable solar energy rate for 25 years or select Sunnova’s new offering that allows customers to lock in a set discount from the utility.
Read the Press Release

 Small Business Energy Savings Program reaches $1 million in DealsGreen Bank and City First Enterprises Expand Partnership by $4 million 

The Green Bank and City First Enterprises partnership has delivered substantial benefits achieving $1 million in financing for the Small Business Energy Savings Support Program! With this success, we have increased our partnership with City First Enterprises by $4 million.Transactions for the Small Business Energy Savings Support program that have occurred so far include:
Learn More

 Unitarian Universalist Church of Silver Spring Installs a 25 kW Solar Array

The Unitarian Universalist Church of Silver Spring will use a Small Business Energy Savings Support (“SBESS”) interest-only bridge loan to sustain their community hall by making significant energy efficiency improvements and installing a 25 kW solar array. The bridge loan by the Green Bank and City First Enterprises will be paired with a C-PACE loan and equity for a total project of $2,200,000.This project presents an opportunity for substantially improving the community hall’s energy efficiency, resulting in the mitigation of 502 metric tons of greenhouse gas emissions annually and 60% reduction in energy use.
Read the Case Study

 The Green Bank Supports Affordable Housing in New Deal with Housing Unlimited

Housing Unlimited, an affordable housing non-profit organization, will install more than 20 kW of solar PV energy on three of their single-family properties to produce almost 25,000 kWh of clean, renewable energy throughout the first year of use. The total project cost of $57,960 will be financed through a 20-year power purchase agreement between Skyview Ventures and Housing Unlimited. The Green Bank’s Commercial Solar Power Purchase Agreement (CSPPA) program allowed Housing Unlimited to install solar and experience the benefits of solar with no out-of-pocket costs through a no-money down rental agreement with Skyview Ventures.
Read the Case Study

 Epworth United Methodist Church Installs 117.9kW of Solar PV Energy

Epworth United Methodist Church of Gaithersburg, MD is installing 117.9kW of solar PV energy on the roof of their church to produce over 139,000 kWh of clean, renewable energy throughout the first twelve months of use. The total project cost of $293,538 will be financed through a 20-year power purchase agreement between Skyview Ventures and Epworth United Methodist Church. Epworth is a multicultural and multilingual United Methodist Church made up of members that look to reduce the church’s environmental impact. This project was recently featured in a Washington Post article.
Read the Case Study

 Solar Installer Selected for 2022 Capital Area Co-OpAccess Solar Program Available for Low- and Moderate-Income Households 

Congratulations to Sustainable Energy Systems to be the 2022 Capital Area Co-Op solar installer as selected by the 2022 Co-Op members!The Green Bank’s Access Solar program launched with the 2022 Capital Area Solar Co-Op for households earning up to $97,500 in Montgomery County who are participating in the 2022 Capital Area Co-Op and for homeowners not using the co-op when using an Access Solar participating installer.  Access Solar offers two easy ways to finance energy projects – an ownership option and a rental option:
  • Ownership Option:
    • SREC pre-purchase – upfront funding to offset the purchase price by paying for 5 years of SRECs
    • Loan – credit score as low as 600 and 50 bps rate reduction
  • Rental Option:
    • Power Purchase Agreement with several pricing options
 View the session recording of an information webinar for more information.
Learn More About Access Solar
The Green Bank is committed to working collaboratively with partner organizations. See below for more details on networking and outreach events.
 In-Person Contractor Breakfast onMontgomery County BEPS 
The Green Bank and Department of Environmental Protection hosted the first post-pandemic, in-person contractor breakfast discussion on Tuesday, June 7 at 8:30 AM at the Jewish Federation of Greater Washington. We discussed the newly passed Building Energy Performance Standards (BEPS) in Montgomery County, MD and potential opportunities for contractors through the new BEPS legislation. We will also reviewed case studies from Washington D.C., where the BEPS law has already been in effect for several months. Nearly 50 participants attended this event.
Online Resources and Events

Take advantage of these resources and webinars while staying-at-home:Clean Energy Solutions Webinar ArchiveView the library of Clean Energy Solutions webinars for topics ranging from home appliance efficiency and benchmarking to breakthrough information on achieving energy savings. New Buildings Institute Webinar ArchiveView NBI’s archive of on-demand webinar recordings on topics including codes and policies to advance net zero to zero net carbon schools.  ENERGY STAR Recorded Webinars and Online Contractor TrainingsLearn about the latest ENERGY STAR residential programs about advanced energy efficiency in homes, or revisit your contractor trainings for Home Performance with ENERGY STAR to refresh requirements, objectives, and strategies. Home Energy Score Training WebinarsBrush up on your Home Energy Score understanding with these webinars from the U.S. DOE’s Better Buildings Challenge.
Contact us with any questions or project needs.
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