Access to affordable capital remains a significant hurdle for many Maryland homeowners, businesses, non-profit organizations, and local governments interested in energy efficiency and renewable energy projects. MEA’s Energy Finance Initiative is a collection of programs, financing tools, and other resources designed to help fill the funding needs of clean energy projects.
If you are interested in becoming a financing partner for energy efficiency and renewable energy projects, please check back often for new programs in which you may be able to participate or contact DLinfo_MEA@maryland.gov.
Projects to reduce energy use or generate electricity from renewable sources often pay for themselves through the savings from reduced utility bills. Despite the savings potential, homeowners, businesses, and non-profit organizations can be challenged to find the money for the up-front costs of such projects. MEA’s financing programs are designed to overcome this hurdle by helping customers access low-cost capital for energy improvements. Using a $600,000 Jane E. Lawton Conservation Loan from MEA, one Baltimore office building was able to save $300,000 a year on energy costs by replacing an aging HVAC system along with lighting and other retrofits.
Read this and other MEA success stories to learn more.
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