Copy
View this email in your browser
 Green Bank Advantage: May 2020

Volume 1: Issue 3

Here's the latest news:

  1. New Green Bank Video Explains Benefits of Energy Efficiency to Building Owners
  2. Helping Your Customers Move Forward with Projects
  3. Welcome to Our New Clean Energy Advantage Participating Contractors
  4. Energy Efficiency Workforce Impacts and Opportunities of COVID-19
  5. Supporting Montgomery County’s Solar Co-op
  6. Seeking Applications for Green Bank Board of Directors
  7. Online Resources, Webinars, and Training's
  8. Contractor Resources
     

New Green Bank Video Conveys
Benefits of Energy Efficiency to Building Owners


 
The Green Bank has released a short 90 second video that illustrates the success of a building owner in undertaking energy efficiency for its property, and all the players that can help make it happen. 

Why Customers Like the Clean Energy Advantage Program 

 
As COVID-19 slows the economy and investment across the country, the Montgomery County Green Bank's products can help customers in need of funds to undertake clean energy and energy efficiency measures. The Green Bank provides access to preferential financing to homeowners through its Clean Energy Advantage (CEA) program with its lender partners - NASA Federal Credit Union and Clean Energy Federal Credit Union.
 
Clean Energy Advantage lenders offer interest rates for clean energy home improvements
below their market offerings - secured loans as low as 3% and unsecured loans as low as 6.24%. Covered work includes electric heating and cooling, electric hot water installation, air leakage reduction, insulation, duct sealing, Solar PV, Geothermal, EV charging stations and energy storage.  
  • Loans can cover up to $35,000 in energy improvements with terms out to 15 years, allowing deeper and more comprehensive energy efficiency and renewable energy upgrades.
  • NO lender fees. Lender fees can cost a contractor and their customers anywhere between 3% and 10% of a job.
  • No prepayment penalties.
  • Preferred rates below lender's standard offer rates. 
  • Credit scores as low as 640 may qualify.
  • Easy online application portal. 
 
To learn more, visit the Green Bank's website: CEA Program.
 
The CEA Program is available to Green Bank Participating Contractors. To learn more and become a Participating Contractor, please contact the Green Bank at contractors@mcgreenbank.org.

Welcome to Our New Clean Energy Advantage Participating Contractors

The Clean Energy Advantage Program is a collaboration between community lenders and a network of Participating Contractors. We want to recognize and welcome our new Participating Contractors.

Ground Loop


Hight on Homes
 
 
If you are interested in becoming a Participating Contractors, please contact the Green Bank at contractors@mcgreenbank.org or call us at 240-453-9000 to learn more and become a Participating Contractor.
 
 

COVID-19 Impacts and Opportunities for the Energy Efficiency Workforce

 
The economic impacts of COVID-19 have already been severe for energy efficiency companies across the country. A recent report by the American Council for an Energy-Efficient Economy notes that shelter-in-place orders have halted energy efficiency installations, verifications, and other services in homes and apartments. 

Yet - COVID-19 also highlights the need to think about healthy homes.  Energy efficiency and clean energy professionals have long highlighted how clean energy improves indoor air quality and health. Now more than ever, this message is important for our industry to convey.
  • Research around COVID-19 by Harvard University indicates that those parts of our country wiht higher levels of air poliution are more susceptioble to respiratory illnesses that worsen the impact of COVID-19.   
  • Researchers at the UCLA Fielding School of Public Health have released a report commisisoned by the Sierra Club that focused on the impacts of residential natural gas appliances on indoor and outdoor air quality and human health, and the potential benefits of widespread residential electrification. The report offers several potential benefits, both health related and economic, of residential electrification. 
 

Solar Co-ops Eligible for Clean Energy Advantage


 
Montgomery County has just announced the 4th Solar Co-op program. A solar co-op is made up of homeowners in a geographic area who use their combined purchasing power to secure the most competitive solar installations. The Co-op provides homeowners expert advice on the technical and financial details of installing rooftop solar while securing a great price through the bulk purchasing power of all participants.
 
The Green Bank's Clean Energy Advantage (CEA) program is thrilled to partner with Montgomery County residents to offer Co-op to customers who seek financing. CEA offers residential customers preferential financing from its two partnering lending institutions – NASA Federal Credit Union and the Clean Energy Credit Union. If you are planning to join the Montgomery County Solar and EV Charger Co-op, be sure to let them know how the CEA can help. Learn more about the CEA option here.

Join the Board of Directors of the Montgomery County Green Bank

 
The Montgomery County Green Bank is looking for a new member of its board of directors to help guide strategy development, staff management and regulatory compliance and finances, among other important duties. People interested in joining the board must send their application to info@greenbank.org by 5 p.m. May 15, 2020. Board and application information can be found here.

Online Resources, Webinars, and Trainings

While you’re staying-at-home, you can take advantage of these resources to be learning-at-home.
 
Recording Available: Contractor Best Practices for Returning to Work Safely Amid COVID-19
Last Friday, Michigan Saves hosted a webinar and discussion on “Contractor Best Practices for Returning to Work Safely Amid COVID-19”. Panel speakers shared what steps they are taking to help protect their energy efficiency teams and customers during this time and moving forward. 
 

May 14, 2020 from 1 to 2:30 p.m.: Peer Exchange Call on COVID-19 Energy Efficiency Effects (Register)
The Better Buildings Residential Network is holding a peer exchange call looking at how energy efficiency companies are coping with the business and operational challenges posed by COVID-19. The event is titled “How is the Coronavirus Impacting Residential Energy Efficiency Programs? – Perspectives from the Field.”
 
May 14, 2020 from 5:30 to 6:30 p.m.: Solar Happy Hour (Register)
Solar United Neighbors will host an online happy hour where the group will talk about the benefits of solar energy for homes as well as about the technology and financing of solar energy.
 
May 26, 2020 from 2 to 3 p.m.: DOE Webinar on Grid-Interactive Efficient Building Technology (Register)
Learn about connected lighting systems, consumer electronics technologies and other electric loads that offer demand flexibility potential at a U.S. Department of Energy webinar.
 
May 28, 2020 from 1 to 2:30 p.m.: Peer Exchange Call on the Promise of Smart Homes (Register)
The Better Buildings Residential Network will hold a peer exchange about the real-world impact of smart homes and smart technologies. The online event is titled “Is the Smart Home Delivering on its Promises?”
 
June 2, 2020 from 2 to 3:30 p.m.: DOE Webinar on Efficient HVAC Systems (Register)
A U.S. Department of Energy webinar will explore grid-interactive efficient building opportunities for heating, ventilation, and air conditioning and related cross-cutting equipment.
 
ENERGY STAR Recorded Webinars and Online Contractor Trainings
Learn about the latest ENERGY STAR residential programs, recognizing advanced energy efficiency in homes, or revisit your contractor trainings for Home Performance with ENERGY STAR, and refresh requirements, objectives, and strategies
 
Home Energy Score Training Webinars
Brush up on your Home Energy Score understanding with these webinars from the U.S. DOE’s Better Buildings Challenge
 

Contractor Resources

 
Become a Participating Contractor: It’s easy, costs nothing, and allows you to offer your customers the benefits of the CEA Program and other financing options from the Green Bank.
 
Stay up-to-date with our latest Commercial Financing options.

The Green Bank also offers energy information resources for homeowners and renters, and the Clean Energy Advantage Program for your homeowner clients. Reach out any time to discuss potential projects—we’re here to work with you and help projects get done!
 
Contact us with any questions or project needs: contractor@mcgreenbank.org.


 
Copyright © Montgomery County Green Bank 2018, All rights reserved.

Our mailing address is:
155 Gibbs Street Suite 506
Rockville, MD 20850

This newsletter, its format and its contents are the property of the Montgomery County Green Bank.
Any replication or publication by a third party is by permission only. 

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.