FOR IMMEDIATE RELEASE<\/p>\n
Contact:\u00a0Jahmai Sharp-Moore<\/a>\u00a0| 443-694-3651<\/p>\n Baltimore, MD \u2013 The Maryland Energy Administration (MEA) is pleased to announce the Fiscal Year 23 (FY23) 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. Potential applicants should note additional terms of eligibility on the <\/span>program webpage<\/span><\/a>.\u00a0<\/span><\/p>\n \u00a0<\/p>\n Energy-efficient buildings employ advanced technologies to provide desired levels of comfort and service with lower energy consumption and cost. Typical investments include lighting upgrades, heating, cooling, and ventilation improvements, automated building controls, and insulation and other building shell improvements.\u00a0<\/span><\/p>\n \u00a0<\/p>\n \u201cThis program has been a perennial favorite in Maryland since 2008,\u201d said MEA Director Dr. Mary Beth Tung. \u201cBorrowers appreciate the program\u2019s extremely low interest rate.\u201d\u00a0<\/span><\/p>\n \u00a0<\/p>\n The standard interest rate is 1% APR for all borrowers except for state agencies, which are offered 0% 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.\u00a0<\/span><\/p>\n \u00a0<\/p>\n \u201cThese loans are a solution to today\u2019s inflationary cost pressures,\u201d added Dr. Tung. \u201cEnergy efficiency improvements reduce energy waste and expenses concurrently.\u201d<\/span><\/p>\n \u00a0<\/p>\n The Lawton Conservation Program supports Governor Hogan\u2019s commitment to address climate change through the deployment of energy-efficient technologies, especially those in the building sector. Visit MEA\u2019s <\/span>webpage<\/span><\/a> for more information and applications. Program Manager Brandon Bowser, <\/span>brandonw.bowser@maryland.gov<\/span><\/a>, is the contact for potential borrowers from the commercial, institutional, industrial, educational, and local government sectors. State agencies may contact Christopher Russell, Program Manager, at <\/span>chris.russell@maryland.gov<\/span>, with questions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" FOR IMMEDIATE RELEASE Contact:\u00a0Jahmai Sharp-Moore\u00a0| 443-694-3651 Baltimore, MD \u2013 The Maryland Energy Administration (MEA) is pleased to announce the Fiscal Year 23 (FY23) 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 …Learn more<\/a><\/p>\n","protected":false},"author":214,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[25,10,4],"tags":[5,117,133],"class_list":["post-5994","post","type-post","status-publish","format-standard","hentry","category-main","category-news","category-press-releases","tag-energy","tag-energy-efficiency","tag-lawton-loan"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/posts\/5994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/users\/214"}],"replies":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/comments?post=5994"}],"version-history":[{"count":3,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/posts\/5994\/revisions"}],"predecessor-version":[{"id":6002,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/posts\/5994\/revisions\/6002"}],"wp:attachment":[{"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/media?parent=5994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/categories?post=5994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.maryland.gov\/mea\/wp-json\/wp\/v2\/tags?post=5994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}