Business loans for en­ergy im­prove­ments avail­able

Record Observer - - News -

CENTREVILLE — The Queen Anne’s County Board Com­mis­sion­ers re­cently passed an or­di­nance en­abling prop­erty and business own­ers in the county to take ad­van­tage of Mary­land’s Com­mer­cial Prop­erty As­sessed Clean En­ergy pro­gram. MD-PACE is an in­no­va­tive and af­ford­able way for com­mer­cial, in­dus­trial, and non­profit build­ing own­ers to pay for en­ergy im­prove­ments.

Through MD-PACE, com­mer­cial, in­dus­trial, and non­profit prop­er­ties use pri­vate cap­i­tal to fi­nance 100 per­cent of ef­fi­ciency and re­new­able en­ergy up­grades which are then re­paid as a long-term sur­charge on the prop­erty. This kind of vol­un­tary sur­charge added to a prop­erty’s tax bill is sim­i­lar to a sur­charge for a sewer or wa­ter line. This ap­proach makes en­ergy up­grades ac­ces­si­ble, al­low­ing own­ers to re­duce en­ergy and op­er­a­tional costs and im­prove a build­ing’s over­all value.

Com­mis­sioner Robert Buckey said, “This pro­gram has been used na­tion­wide for decades, and has saved com­mer­cial prop­erty own­ers a lot of money. There is no cost to the county and we en­cour­age QAC com­mer­cial prop­erty own­ers to take ad­van­tage of this great. This is just one more tool we com­mis­sion­ers have added to our eco­nomic development tool­box to help with com­mer­cial growth.”

PACE pro­grams are ac­tive in over 15 states na­tion­ally, con­trib­uted to the cre­ation of 3,000 jobs and have led to over $250 mil­lion of in­vest­ment into com­mer­cial build­ings.

The county’s Eco­nomic Development Co­or­di­na­tor Jean Fabi said, “For ex­am­ple, a com­mer­cial prop­erty owner can use this in­no­va­tive loan pro­gram to re­place an ag­ing heat­ing and cool­ing sys­tem with en­ergy ef­fi­cient equip­ment and sys­tems and have the cost spread out over time. This pro­gram is ben­e­fi­cial not only to com­mer­cial prop­erty own­ers, but also to lo­cal con­trac­tors, who can reg­is­ter on the md-pace.com web­site and use this pro­gram to in­cen­tivize projects.”

The MD-PACE Pro­gram is a part­ner­ship be­tween the Mary­land Clean En­ergy Cen­ter, the statewide spon­sor of the pro­gram, and PACE Fi­nanc­ing Ser­vic­ing, which ad­min­is­ters the pro­gram.

“MCEC ap­plauds the Queen Anne’s County Com­mis­sion­ers and staff for tak­ing proac­tive steps to pro­vide ac­cess to cap­i­tal for com­mer­cial prop­erty own­ers,” said MCEC Ex­ec­u­tive Di­rec­tor Kathy Ma­gruder, adding, “This county is one of the first in the state to en­able the MD-PACE pro­gram.”

“We’re very ex­cited to be work­ing with Queen Anne’s County,” said Ger­ard Neely, man­ager of Mary­land’s Com­mer­cial PACE Pro­grams for PFS. “By join­ing the MD-PACE pro­gram, Queen Anne’s County has be­come an in­stant leader on the Shore in al­low­ing its business com­mu­nity to ac­cess cap­i­tal for en­ergy sav­ings mea­sures and im­prove­ments.”

Com­mer­cial prop­erty own­ers, con­trac­tors and cap­i­tal providers in­ter­ested in more in­for­ma­tion about to get in­volved with MD-PACE, should visit www.md-pace.com or call the Mary­land Clean En­ergy Cen­ter at 443-949-8505.

Sudlersville Me­mo­rial Li­brary rocks out to kids tunes

PHOTO BY MIKE DAVIS

Kate Russo Thomp­son and Blake Thomp­son play mu­sic at the Sudlersville Me­mo­rial Li­brary on

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