Maryland SB23 establishes a loan program and fund for green and renewable energy efficiency for nonprofits.
Maryland SB23 creates the Green and Renewable Energy Efficiency for Nonprofits Loan Program and Fund. The Maryland Clean Energy Center will manage the program, providing no-interest loans to nonprofit organizations for purchasing and installing qualifying energy systems and improving energy efficiency. The fund, a special, nonlapsing fund, will receive appropriations, interest earnings, and loan repayments. The Center will establish an application process, considering factors like annual budget, property ownership, and energy usage.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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