The Maryland Energy Administration has announced the fiscal 2023 Jane E. Lawton Conservation Loan Fund to finance energy efficiency improvements in buildings. Eligible recipients are building owners of commercial, institutional, industrial, government and educational facilities located in Maryland. Program funding of $1.7 million is available on a first-come, first-served basis.
The standard interest rate is 1 percent APR for all borrowers except for state agencies, which are offered 0 percent loans. Loan repayments are structured to match the value of energy savings, so that borrowers can enjoy improvements with a budget-neutral investment. Terms are up to 13 years, depending on the scale of energy savings.
The Lawton Conservation Program supports Gov. Larry Hogan’s commitment to address climate change through the deployment of energy-efficient technologies, especially those in the building sector.
For more information, potential borrowers can contact Program Manager Brandon Bowser ([email protected]) from the commercial, institutional, industrial, educational and local government sectors; state agencies may contact Program Manager Christopher Russell at [email protected].