Save Energy Now for Maryland Industry

Financing

Lack of financing or inadequate payback periods are the most common reason companies decide against energy management improvements. To help overcome this barrier, there are numerous local, state, and federal incentives and programs in place.

The Maryland Save Energy Now team will assist you in identifying financial incentives and other resources that may apply to your business and project. Contact the Maryland Save Energy Now helpdesk to identify financing opportunities that might work for your facilities.

Incentives and other financing programs most likely of value for Maryland industrial facilities include:

Utility Energy Efficiency Programs – Most Maryland utilities offer cash rebates or other incentives for energy efficiency improvements

• Allegheny Power
• Baltimore Gas and Electric (BGE)
• Delmarva Power
• Potomac Electric Power Company (Pepco)
• Southern Maryland Electric Cooperative (SMECO)
• Other utilities: Contact your utility for energy efficiency program details

State Programs

• Maryland Save Energy Now – Provides low cost energy assessments for industrial facilities and training programs on various topics related to energy management in industry
• Conservation Loan Program – 2.5% interest loans of $40,000 or more per energy efficiency project; energy cost savings can repay the loan

Federal Incentives

• U.S. DOE Loan Guarantee Program – Offers loans to projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases," including industrial energy efficiency projects
• Small Business Administration Guaranteed Loan Program – Loans for eligible energy conservation projects
• Rural Energy for America Program – Grants and guaranteed loans for small rural businesses in support of energy efficiency and renewable energy projects

Third-party Financing – Even with many incentive programs in place, companies are sometimes unable to finance energy management improvements. In such cases, third party financing, or energy performance contracts, are one way to move forward and implement an energy savings project. Resources related to energy performance contracting:

• U.S. Department of Energy
• Maryland Energy Administration list of qualified vendors
• U.S. DOE list of qualified vendors
• National Association of Energy Service Companies
• Energy Services Coalition

Additional resources on incentives for energy efficiency projects

• DOE Incentives and Resources Database for industrial facilities
• Database of State Incentives for Renewables & Efficiency (DSIRE)

Need help navigating these programs and incentives? Contact the Maryland Save Energy Now helpdesk