I. Katherine Magruder, Executive Director (chosen by Board); e-mail: ikm@mdcleanenergy.org
![[photo, Maryland Municipal League Building, 1212 West St., Annapolis, Maryland]](/msa/mdmanual/25ind/images/1198-1-08258c.jpg)
BOARD OF DIRECTORSEx officio: Mary Beth Tung, Esq., Ph.D., Director, Maryland Energy Administration
Maryland Municipal League Building, 1212 West St., Annapolis, Maryland, October 2017. Photo by Diane F. Evartt.
![[photo, Maryland Municipal League Building, 1212 West St., Annapolis, Maryland]](/msa/mdmanual/25ind/images/1198-1-08259b.jpg)
Maryland Municipal League Building
Maryland Municipal League Building, 1212 West St., Annapolis, Maryland, October 2017. Photo by Diane F. Evartt.
Report to General Assembly on results of study to design & implement residential clean energy loan program due Oct. 1, 2016 (Chapter 593, Acts of 2016).
Report to Senate Finance Committee & House Economic Matters Committee on study of green banks & clean financing initiatives due Dec. 1, 2015 (Chapter 365, Acts of 2014).
In October 2008, the Maryland Clean Energy Center was authorized by the General Assembly as an instrumentality of the State.
The Center works to promote economic development and employment in the clean energy industry sector in Maryland (Chapter 137, Acts of 2008). The Center also serves to deploy clean energy technology throughout the State; incubate the development of the clean energy industry; collect, analyze, and share clean energy industry data; and provide outreach and technical support for the growth of the clean energy industry in Maryland.
Four financing programs are administered by the Center: the Maryland Clean Energy Capital Program; the Commercial Property Assessed Clean Energy Finance Program; the Maryland Home Energy Loan Program; and the Maryland SAVES Green Communities Program.
Commercial Property Assessed Clean Energy Finance Program (PACE). For businesses, the Center offers financing for clean energy and conservation measures through an equity partnership with Pace Financial Services. These measures are repaid by tax assessment associated with the property.
Maryland Home Energy Loan Program. With funds from the Maryland Energy Administration, this program began in Fiscal Year 2011. Originally, this was a direct lending program. In Fiscal Year 2012, the Program was revised. Now, loans are provided by Mariner Finance while the Center provides a loan loss reserve and interest-rate subsidy.
Maryland SAVES Green Communities Program. Using Qualified Energy Conservation Bonds awarded to jurisdictions but not yet issued, this program is designed to help local governments finance renewable energy, energy efficiency, and alternative fuel vehicle and infrastructure projects.
Established as a nonbudgted entity, the Center now may use the Maryland Energy Innovation Fund created in July 2017 (Chapters 364 & 365, Acts of 2017). From the Fund, the Center may make grants and loans; provide equity investment financing for business enterprises; or guarantee loans, equity, investments, or other private financing to expand capital resources for business enterprises.
The Maryland Clean Energy Center originally was located at the Universities at Shady Grove at Rockville, part of the University System of Maryland, and moved to its West Street, Annapolis site in December 2013.
Nine members constitute the Center's Board of Directors. Eight are appointed by the Governor with Senate advice and consent to four-year terms. One serves ex officio. The Board is assisted by the Advisory Committee, and may establish other committees as needed. With the Governor's approval, the Board appoints the Executive Director (Code Economic Development Article, secs. 10-801 through 10-854).
© Copyright Maryland State Archives