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Case Studies

Want to learn more about specific projects and how MCEC was able to help catalyze emission-saving, LMI-serving cliamte solutions? Dive into the C3 Fund case studies to see how we have helped clients leveraged capital meet their business goals.

Ready to start you project? Contact the MCEC Finance Team.

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A large solar farm featuring numerous solar panels arranged in rows on a grassy landscape. The background includes trees and a blue sky with scattered clouds

Clean Slate Solar


CHALLENGE

Clean Slate Solar was seeking affordable capital to support the development of community solar projects across Prince George’s County. 

SOLUTION

MCEC provided Clean Slate Solar with a bridge loan to deliver a short-term financing option to align with the company’s needs.

Financing Amount: $500,000
Loan Term: 2 Years

RESULTS

Two community solar installations have been completed in Landover, adding roughly 1.7MW to the grid, with one more planned for construction. 

Electric vehicle charging stations are lined up in a parking area, with several cars parked nearby. A charging cable is plugged into one of the stations, and the setting is illuminated by sunlight

Pirl Technology


CHALLENGE

Pirl Technology needed additional funding to bring its proprietary modular EV charging technology to market. 

SOLUTION

Pirl was provided with a convertible note to assist with product development, which aligned repayment term with the grouping company.

Financing Amount: $100,000
Loan Term: 5 Years

RESULTS

Pirl has begun to offer early access pilots to customers, with the Level 2 chargers estimated to reduce 10-year cost of ownership by 70% compared to traditional chargers. 

A row of brick townhouses with multiple windows and gabled roofs lines a well-maintained street. The scene features green lawns and neatly trimmed bushes in front of the houses. In the background, a bridge and trees are visible under a clear blue sky with scattered clouds

Habitat for Humanity of the Chesapeake


CHALLENGE

Habitat for Humanity of the Chesapeake, a Maryland-based nonprofit, was seeking capital to support their homeownership program which provides affordable energy efficient homes to low-income homeowners. 

SOLUTION

The C3 Fund awarded a grant to Habitat for Humanity of the Chesapeake for an interest rate buydown of three energy efficient homes. 

Financing Amount: $160,600

RESULTS

Habitat for Humanity of the Chesapeake was able to use the funding to continue development of additional homes in their program while the three homes were being sold to the new homeowners.

Aerial view of a waterfront area featuring a mix of residential buildings and docks.

Town of Chestertown


CHALLENGE

The Town of Chestertown needed bridge financing to support the development of two solar arrays. 

SOLUTION

MCEC provided Chestertown with a bridge loan that seamlessly integrated with the town’s capital stack. 

Financing Amount: $1,500,000
Loan Term: 18 Months

RESULTS

Solar projects totaling 2.2 MW in installed capacity successfully reached safe harbor and have begun development, with 1.2 MW contributing to municipal operations and 1.0 MW for community solar. 

A large solar farm featuring numerous rows of solar panels arranged in a grid pattern, set in a green landscape with trees and hills in the background. The panels cover a significant area of land, reflecting sunlight

Centennial


CHALLENGE

Centennial AD LLC sought financing to support the early-stage costs associated with development of six community solar projects.

SOLUTION

MCEC provided Centennial with a line of credit which will recycle funds into new projects over the life of the loan. 

Financing Amount: $1,000,000
Loan Term: 2 Years

RESULTS

The line of credit provided liquidity for pre-construction costs like interconnection deposits for the community solar projects with a future total estimated installed capacity of 13 MW. 

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