Maryland Clean Energy Capital Program (MCAP)
Serving as a long-term financing solution for funding large projects, Maryland Clean Energy Capital (MCAP) offers clean energy and efficiency financing to government, institutions, and nonprofit organizations. By providing access to lower-cost capital and cost-friendly finance structures, MCEC facilitates large projects, typically $5 million or more, with customized solutions to meet project requirements for terms from 10 to15 years.
Which Projects Qualify?
Sample Scopes Include:
- Energy Efficiency Measures
- Energy Resiliency Measures
- Mechanical Equipment Upgrades
- Combined Heat and Power
- Renewable Energy Production
- Micro Grids / Islanded Generation
- Co-Generation
- Building Envelope Updates
National Aquarium
To minimize carbon emissions, the National Aquarium in Baltimore received a $3.4 million loan at an interest rate of 3.68% to implement energy-saving measures at its 250,000 square foot facility. These initiatives included:
- Water Conservation Measures
- Transformer Replacement
- Interior, Exterior Lighting Upgrades
- HVAC Improvements
- Boiler Replacement
- Building Envelope
- Kitchen Hood Upgrades
- Chiller Enhancements
As a result of these improvements, the National Aquarium achieved utility rebates totaling $368,000.
University of Maryland, College Park
The University of Maryland, College Park (USMCP) sought to enhance energy-efficacy in its facilities and received approval for an $18.3 million loan at an interest rate of 2.60% to fund the following projects:
- Air Handling Unit and Transformer Replacement
- HVAC and Controls Improvements
- Building Envelope Upgrades
- Interior Lighting and Controls
- Water Conservation Fixtures
- Chiller Plant Optimization
These initiatives resulted in, average annual energy cost savings totaling $1,670,000 for USMCP.
Morgan State University
As part of a comprehensive campus-wide master energy and sustainability plan, Morgan State University (MSU) received a $10.3 million loan at an interest rate of 2.88% to fund the installation of energy-efficiency systems. These enhancements included:
- Upgraded Interior, Exterior, and Stadium Lighting
- Demand Flow Technology
- Water Conservation Fixtures
- Duct Cleaning and Sealing
- Steam Trap Replacement
- Boiler Upgrades
- Pipe Insulation
These upgrades resulted in average annual energy cost savings of $268,126 for the university.
University of Maryland Baltimore County
In an effort to modernize its energy-saving measures, University of Maryland Baltimore County (UMBC) secured a $5.1 million loan with an interest rate of 3.45% to make the following energy-efficiency enhancements:
- Controls for Demand Control Ventilation
- Water Irrigation Upgrades
- Interior and Exterior Lighting Improvements
These advancements allowed UMBC to achieve utility rebates of $629,190.
Coppin State University
Coppin State sought to make improvements to its facilities without significantly impacting its debt profile. The institution secured a $6.2 million loan at an interest rate of 3.15% to undertake large-scale improvements to its campus:
- Water Conservation Measures
- Building Envelope Improvements
- Solar Hot Water Installation
- Interior & Exterior Lighting Enchancements
- HVAC Upgrades
- Chiller Improvements
These advancements allowed, average annual energy cost savings of $609,900 for the university.
Find Your Solution
To get started on your project or learn more about MCAP financing options, contact the Maryland Clean Energy Center at [email protected].