MCEC REPORTS

ADVANCED ENERGY MARKET ASSESSMENT 2021 SUMMARY REPORT

MCEC is assessing the needs of the energy industry to better understand what resources, investments, policies, and partnerships the instrumentality may work to provide in the coming years. This summary report reflects the compiled data received from MCEC Advisory Council Members, clean energy stakeholders, newsletter subscribers, and partners. View Report

MCEC STRATEGY FOR SUSTAINABILITY REPORT

In May 2017, Senate Bill 0313 (Chapter 365) was enacted and requires MCEC to:

  1. “establish a work plan to become self-sustaining within 5 years after the effective date of this Act using funding provided under this Act and other funding that the Center may obtain, and projected revenues from project financing activities of the Center under Title 10, Subtitle 8 of the Economic Development Article; and
  2. submit a report, which may be part of its annual report, on or before December 1, 2019, to the Governor and, in accordance with § 2–1246 of the State Government Article, the General Assembly on the Center’s:
    i. progress since enactment of this Act to become selfsustaining with its current activities and funding and revenue levels; and
    ii. recommendations for changes, including additional necessary funding, to continue on the trajectory path to reach the goal to become self-sustaining within 5 years.”

This “Strategy for Impact and Sustainability” report focuses on outlining current MCEC activities, projecting these activities forward over the next five years, and  identifying a set of recommendations to become self-sustaining within the same time period. Taken together with the 2019 MCEC Annual Report, these documents fulfill the statutory requirements outlined above. View Report

CLEAN ENERGY LOAN PROGRAM RESIDENTIAL PROPERTY STUDY

Residential Property Assessed Clean Energy Finance (RPACE) is a financing tool that may be enabled to facilitate clean energy and conservation measures. This lending construct relies on the idea that those measures are a public benefit, so that the related debt functions NOT as a LOAN, but can be financed in the form of a voluntary tax ASSESSMENT with an associated lien on a property owner’s tax bill. Not all stakeholders agree with this concept. Regulatory policy is necessary to frame program design, implementation, management and reporting for an RPACE program to be implemented in Maryland. View Report

GREEN BANK STUDY INITIATIVE

MCEC holds the unique position as Maryland's catalyst for the development and implementation of the state's clean energy economy. To that end, MCEC has initiated The Green Bank Study Initiative to study how best to scale and sustain the clean energy market within the state. MCEC released the final report at the end of 2015, and will continue to convene industry thought leaders, advocates, and policy makers within the finance, energy, and environmental space to ensure that Maryland leads in clean energy while preserving taxpayer dollars. View Report

BLUEPRINT FOR BUILDING THE ENERGY ECONOMY IN MARYLAND: GREEN BANK PRELIMINARY FINDINGS REPORT

During the 2014 legislative session, the Maryland General Assembly passed Senate Bill 985 (Chapter 365 of the 2014 Laws of Maryland) entitled “Maryland Clean Energy Center - Green Banks & Clean Bank Financing Study,” which directed MCEC to study the feasibility of developing a green bank for the State of Maryland. This study focuses primarily on the role of green banks in financing. View Report

MCEC ANNUAL REPORTS

Economic Development Article § 10-826
HB 1337/Ch. 137, 2008
(a) On or before October 1 of each year, the [Maryland Clean Energy] Center shall report to the Governor, the Administration, and, in accordance with § 2-1257 of the State Government Article, the General Assembly.
(b) The report shall include a complete operating and financial statement covering the Center’s operations and a summary of the Center’s activities during the preceding fiscal year.

Economic Development Article § 10-825(b)
SB 313/Ch. 365(2), 2017
HB 410/Ch. 364(2), 2017

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