March 14, 2018

First County-level Green Bank’s Program Expands the Market for Energy Efficiency and Renewable Energy in Montgomery County

Montgomery County Green Bank has announced the launch of its first financing program for businesses and commercial property owners. Commercial Loan for Energy Efficiency and Renewables (CLEER), a new lending program with partners Revere Bank and Ascentium Capital LLC., aims to support commercial and industrial businesses that plan to make clean energy or energy efficiency upgrades to their properties in Montgomery County.

Through the CLEER program, these lenders, commercial contractors, and Montgomery County Green Bank will work together to bridge the financing gap for energy efficiency, solar PV and energy storage projects in office, retail, light industrial and multifamily rental properties that are not currently covered by existing programs.

CLEER is the first program unveiled by Montgomery County Green Bank as part of the organization’s overall mission to increase energy efficiency and renewable energy generation in Montgomery County.

Read more about the Green Bank by visiting mcgreenbank.org.

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