FOR IMMEDIATE RELEASE
June 17th, 2020
MD-PACE Facilitates C-PACE Financing for Baltimore City Property near The Johns Hopkins Hospital
The installation of a solar power system and energy efficient roof system at 1010 N Chester Street adds to a growing portfolio of buildings that is distinguishing Baltimore as a Mid-Atlantic hub of environmentally friendly development.
BALTIMORE, MD. – In May, the MD-PACE program facilitated the closing of a new C-PACE financed solar power system and energy efficient roof system in Baltimore City located at 1010 N Chester Street. The solar power system is a 56.3 kW system with 194 individual solar panels. This solar power system is anticipated to produce 76,440 kWh annually, saving over $9,000 in the first year and $260,000 over the life of the system. This project was developed, designed and constructed by Suntrail Energy, a Baltimore-Washington metropolitan area concept to completion solar company that specializes in commercial and industrial projects throughout the Mid-Atlantic. Beyond Suntrail Energy’s primary service, their company also provides manufacturer approved vegetative roofing system design/build services as well as membrane roofing system design/build services. This project was financed by Greenworks Lending, a specialized C-PACE lender based in Darien, Connecticut with a local office in Bethesda, Maryland.
“Greenworks Lending is thrilled to provide financing to this property owner who is pursuing an impactful project in Baltimore, MD. Through partnerships with companies like Suntrail Energy, Greenworks looks forward to funding many more solar installations throughout the state of Maryland.” – Michael Billingsley, Director of Business Development, Mid-Atlantic
MD-PACE congratulates their representatives and support staff for closing this project amidst COVID-19 related stay at home orders and similar circumstances. Despite an uncertain economic situation, main street business, developers, and commercial and industrial properties see the benefits of no-money down energy improvements to increase liquidity and defer the costs of property-enhancing investments. The MD-PACE program encourages all commercial property owners with interest in saving money through C-PACE or investing in high-efficiency improvements to contact firstname.lastname@example.org.
About the MD-PACE Program
The MD-PACE program is sponsored by the Maryland Clean Energy Center (MCEC), a corporate instrumentality of the state of Maryland which advances the adoption of clean energy, energy efficiency products, services and technologies. MCEC leverages private capital to help homeowners, businesses, and government entities reduce energy costs. The MD-PACE program offers C-PACE financing to commercial property owners statewide.
The original post on June 17th was amended August 18th to incorporate additional project details and amend outdated information.