§ 10–867
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-867 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 8. Maryland Clean Energy Center
§ 10–867LinkCopy Citation
(a)
Loans from the Fund may be used for:
(1)
the purchase and installation of a qualifying energy system, including any necessary ancillary machinery, equipment, or furnishings;
(2)
technical assistance for the planning and installation of a qualifying energy system; and
(3)
actions that improve energy efficiency, such as repairing or replacing windows, doors, and heating, ventilation, and air–conditioning systems and other similar improvements.
(b)
Each borrower for a loan under subsection (a)(1) or (3) of this section shall contribute at least 10% of the cost of the qualifying energy system or energy efficiency action.
(c)
(1)
Loans made under the Program shall be repayable by the borrower in accordance with a schedule set by the Center.
(2)
The schedule set by the Center may be on a deferred payment basis.
(d)
(1)
A borrower shall provide assurances for the repayment of a loan.
(2)
The assurances:
(i)
shall include a promissory note; and
(ii)
may include a plan for repayment.
(e)
Loans may be made in conjunction with or in addition to financial assistance provided through other State or federal programs.