Maryland PACE Financing

posted by Dave Llorens on July 23rd, 2009

marylandCongratulations, Maryland property owners! You live in a state that supports property tax solar financing.

How does solar financing in Maryland work?

The State of Maryland authorizes a county or municipality to establish a Clean Energy Loan Program to provide loans to residential and commercial property owners for the financing of energy efficiency and renewable energy projects. The property owner repays the loan through a surcharge on the property tax bill.

That sounds great! How is Maryland able to do this?

Thanks to Maryland’s HB 1567 law, property owners statewide can participate in such county- or city-run programs.

Is solar financing available now?

Annapolis and Montgomery County are respectively working on setting programs up. Keep your eye out for similar programs popping up around Maryland!

Do you have more info on the status of this municipal solar and energy efficiency financing program? Let us know and we will update this page with your tips.

 

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Maryland PACE Financing

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