In furtherance of the Maryland Community Solar Pilot Program, the Maryland Energy Administration is providing the FY 2018 Community Solar Guaranty Program to provide access to credit enhancements for subscriber organizations with capacity in the LMI category or for projects in the “Other” category that are committed to providing at least 51% of the array energy to the LMI community. The successful applicant will work with subscriber organizations by providing access to funding to mitigate the cash flow risk of late or nonpayment by LMI subscribers. Grant funds will be available to a successful applicant to support community solar projects authorized during the first year of the Community Solar Pilot Program. State funding may be used to guarantee payments from the LMI portion of the solar array during the first three years of the project.
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