uthor: MCGB Staff     Published: 10/3/2022   Montgomery County Green Bank

Logo

These solar projects financed through the Montgomery County Green Bank help to save energy, lower greenhouse gas    emission, create healthy living and working environments, foster a more resilient economy and environment, and he

Stewart Avenue Warehouses

  • 412 kW Solar PV System
  • $88,209 annual subscriber savings
  • Mitigate 348 metric tons of greenhouse gas emissions
  • 412 kW Solar PV System
  • $88,209 annual subscriber savings
  • Mitigate 348 metric tons of greenhouse gas emissions

 

  Affordable Housing Communities

Housing Unlimited

  • 20 kW solar PV systems on three single-family properties
  • $79,011 in reduced electricity bills
  • Annually mitigates 331 metric tons of greenhouse gas emissions

 

Hampshire Towers

  • 159 kW solar PV system
  • $20,000 in energy cost savings per year
  • Annually mitigates 130 metric tons

 

Faith-Based Communities

and Non-Profit Organizations

 

Epworth

  • 117 kW solar PV system
  • $121,027 in reduced electricity bills
  • Annually mitigates 1,879 metric tons of greenhouse gas emissions

 

Meadowbrook Stables

  • 113 kW rooftop solar PV system
  • Annual savings of $6,085 in reduced electricity bills
  • Annually mitigates 2,087 metric tons of greenhouse gas emissions

Homeowners

  • 19 loans closed for homeowner solar
  • On average, each household is saving $11,493 in reduced electricity bills and mitigating 8 metric tons of greenhouse gas emissions.
  • The Green Bank also has programs for homeowner geothermal

Common Ownership Communities

  • The Green Bank is currently working with over 20 condominiums to find solar solutions for their properties, with proposals in Silver Spring, Bethesda, Rockville, Germantown, and Chevy Cha

FOR COMMERCIAL PROPERTY OWNERS

Commercial Solar Power Purchase Agreement (CSPPA): allows building owners to experience the lower energy cost benefits of solar energy with no out-of-pocket costs and without the burden of owning and maintaining a solar PV system.

Tailored Structured Finance:
a customized financing tool that can be adjusted to meet the needs of property owners wishing to own their systems.

 

FOR HOMEOWNERS

Renewable Energy Financing: affordable loans for installation of solar panels, geothermal, and energy storage on your home.

Access Solar Financing:
ownership and rental solar financing options for income- qualified homeowners