Financing energy efficiency and renewable energy projects in Maryland

Municipalities. Universities. Schools. Hospitals. Not-for-Profits.
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Financing.

Maryland Clean Energy Center (MCEC) is enabled to issue bonds to complete economically viable renewable energy and energy efficiency projects that may not otherwise be implemented.

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Advantages.

The MCAP program enables you to finance your energy efficiency project without using cash-on-hand. The typical transaction will be 'self-funded' in that savings repay the obligations to MCEC.

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About.

The Maryland Clean Energy Center (MCEC) was created in 2008 by the Maryland General Assembly as an instrumentality of the State of Maryland with the mission to transform the energy economy in the state by promoting clean energy, economic development, energy innovation and jobs in the State. MCEC is enabled to issue bonds to complete economically viable renewable energy and energy efficiency projects that may not otherwise be implemented.

Financing Structure.

The Maryland Clean Energy Center (MCEC) was created in 2008 by the Maryland General Assembly as an instrumentality of the State of Maryland with the mission to transform the energy economy in the state by promoting clean energy, economic development, energy innovation and jobs in the State. MCEC is enabled to issue bonds to complete economically viable renewable energy and energy efficiency projects that may not otherwise be implemented.

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Advantages of Financing with MCAP

Ability to implement energy efficiency and renewable projects without using cash on hand.
Clients will save energy and produce a smaller carbon footprint.
Projects owned by MCEC are not subject to tax in the State of Maryland.
Because MCEC is the borrower, the indebtedness will generally not count against the Client's borrowing limitation or debt capacity.
The typical transaction will be 'self-funding' in that savings repay the obligations to MCEC.
Energy efficiency measures reduce electric power demand, thus taking pressure off the power grid and reducing the need to build more power plants.



Typical MCAP Project.

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