Author: MCGB Staff       Published: 4/29/2022  Montgomery Green Bank

The Montgomery County Council unanimously passed the Commercial Property Assessed Clean Energy (C-PACE) Financing Amendments legislation (Bill 46-21) that significantly improves and expands C-PACE financing opportunities. With this new legislation, property owners have the opportunity to make their buildings more climate-resilient and energy efficient to help improve operating costs and reduce greenhouse gas emissions.The Bill extends C-PACE project eligibility to include climate resiliency, climate adaptation, water conservation, environmental health, and safety upgrades. This new legislation provides an increase in loan to value ratios, thus allowing property owners to go deeper into affordable financing opportunities.  Bill 46-21 makes Montgomery County one of the best markets for climate investing.
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The Montgomery County Green Bank is an independent, 501(c)(3) nonprofit dedicated to helping businesses and residents affordably implement energy efficiency and clean energy solutions. The Green Bank supports the county by driving investment into energy efficiency and clean energy through lending and investment partners in the region. These efforts include working with homeowners, renters, and commercial entities of all varieties. For more information, visit www.mcgreenbank.org.
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