Green and Renewable Energy for Nonprofit Organizations Loan Program and Fund

HB 145 establishes a no-interest loan program administered by the Maryland Energy Administration to help 501(c)(3) nonprofit organizations install renewable energy systems. The program provides financial assistance for planning, purchasing, and installing qualifying systems that generate on-site electricity or thermal energy while supporting Maryland’s environmental goals. It creates a dedicated Green and Renewable Energy for Nonprofit Organizations Loan Fund, funded by redirecting a portion of the Maryland Strategic Energy Investment Fund. This program directly affects eligible nonprofits seeking to reduce energy costs and carbon emissions through renewable installations.