Finance
Inflation Reduction Act Sets Stage for Massive Investment in Clean Energy
As the single largest clean energy investment in American history, the Inflation Reduction Act (IRA) is poised to trigger a decade of heightened investment, production and innovation that could transform the energy sector, according to multiple analysts. The IRA includes $370 billion of climate and clean energy investments which are geared to cut U.S. greenhouse…
Read MoreMCEC Enters Procurement and Technical Support MOU to Assist Baltimore County with Meeting Energy and Sustainability Goals
Earlier this month, MCEC entered into a Procurement and Technical Support MOU with Baltimore County to assist with increasing the County’s ability to evaluate, prioritize and meet energy and sustainability goals. MCEC offers neutral third party technical and financing capability to help partners implement energy measures efficiently, and has the capacity to facilitate procurement as…
Read MoreOpen RFP & Bid Opportunities with MCEC
The Maryland Clean Energy Center (MCEC) has two open requests for proposals. Audit Services MCEC seeks proposals from qualified firms to audit MCEC’s financial statements for a three-year period beginning with the 2022 fiscal year ending June 30, 2022. Proposals are due May 6, 2022. View RFP for Audit Services MDPACE Program Loan Officer MCEC…
Read More$10.3M Energy Performance Contract Moves Morgan State University Closer to Master Plan Sustainability Goals
MCEC and Siemens Support MSU Efforts to Reduce Energy Consumption at Hughes Stadium and Key Campus Facilities Morgan State University (MSU) continues to accelerate its efforts to develop and implement a comprehensive campus-wide master energy and sustainability plan. Through a partnership with the Maryland Clean Energy Center (MCEC), MSU recently closed a $10,343,339 tax-exempt Energy…
Read MoreNew Clean Energy Advantage Loan Program offers Maryland residents convenient and affordable financing for home energy improvements
Low-cost, Maryland PSC approved, program offers loans with 0% financing for 12 months, and reduced interest rates. Maryland residents now have a new option for financing home energy improvement projects. The Maryland Clean Energy Center and the Montgomery County Green Bank have launched the Clean Energy Advantage (CEA) Loan Program, authorized by the Maryland Public…
Read MoreAbacus Property Solutions Selected as New MD-PACE Program Administrator
Abacus Property Solutions, LLC (Abacus) was recently selected by the Maryland Clean Energy Center (MCEC) as the new administrator for the Maryland Commercial Property Assessed Clean Energy (MD-PACE) Program. The selection was made following a competitive procurement process, including a Request for Qualifications issued by MCEC over the summer. As an instrumentality of state, MCEC…
Read MoreNew Smart Energy Investments with Bottom-Line Benefits Program for Rural Maryland Businesses and Farms
A new initiative is aiming to provide farms, forestry operations, manufacturers, Main Street businesses and other rural companies with greater access to energy-saving expertise and related funding in order to improve their bottom lines. The Rural Maryland Council (RMC-MAERDAF) has awarded grant funds for a Capacity Building Project developed by three collaborators: FEWSS Project (Forest…
Read MoreMD-PACE Financing Stronger Communities
How a recent legislative update will unlock resiliency for Maryland A landmark amendment, passed in March, promises to make Maryland one of the most innovative locations for Commercial Property Assessed Clean Energy financing (C-PACE) in the country. Currently active in Washington, D.C. and 26 states including Maryland, C-PACE provides property owners and developers access to…
Read MoreNow Hiring! Loan Program Coordinator
The Maryland Clean Energy Center (MCEC) was created as a not-for–profit corporate instrumentality of state in 2008 through an act of the Maryland General Assembly. The organization reports to a nine member Board of Directors. The mission of the MCEC is to transform the energy economy in the State of Maryland by increasing clean energy…
Read MoreClean Energy Accelerator Could Spur Unprecedented Investment and GHG Reductions
With the potential to leverage $463 billion of investment and create four million jobs in just four years, the proposed federal Clean Energy Accelerator is being described as both the biggest investment opportunity of the century and one of the most potent tools to transition America to a clean energy economy. The U.S. House of…
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