Save Energy Now for Maryland Manufacturing

Financing

Lack of financing or inadequate payback periods are the most common reason companies decide against energy management improvements. To help overcome this barrier, there are numerous local, state, and federal incentives and programs in place.

The Maryland Save Energy Now team will assist you in identifying financial incentives and other resources that may apply to your business and project. Contact the Maryland Save Energy Now team to identify financing opportunities that might work for your facilities.

Incentives and other financing programs most likely of value for Maryland manufacturing facilities include:

Utility Energy Efficiency Programs – Most Maryland utilities offer cash rebates or other incentives for energy efficiency improvements

• Baltimore Gas and Electric (BGE)
• Delmarva Power
• Potomac Edison
• Pepco
• Southern Maryland Electric Cooperative (SMECO)
• Other utilities: Contact your utility for energy efficiency program details

State Programs

• Conservation Loan Program – 2.5% interest loans of $40,000 or more per energy efficiency project; energy cost savings can repay the loan

Federal Incentives

• U.S. DOE Loan Guarantee Program – Some manufacturing efficiency projects may be eligible for DOE loan guarantees, particularly those utilizing new innovative energy saving technologies
• Small Business Administration Guaranteed Loan Program – Loans for eligible energy efficiency projects
• Rural Energy for America Program – Grants and guaranteed loans for small rural businesses in support of energy efficiency and renewable energy projects

Third-party Financing – Even with many incentive programs in place, companies are sometimes unable to finance energy management improvements. In such cases, third party financing, or energy performance contracts, are one way to move forward and implement an energy savings project. Resources related to energy performance contracting:

• U.S. Department of Energy
• Maryland Energy Administration list of qualified vendors
• National Association of Energy Service Companies
• Energy Services Coalition

Additional resources on incentives for energy efficiency projects

• Database of State Incentives for Renewables & Efficiency (DSIRE)
• DOE Incentives and Resources Database for industrial facilities

Need help navigating these programs and incentives? Contact the Maryland Save Energy Now team.