Energy

This bill creates Maryland's GREEN Loan Program, providing no-interest loans to 501(c)(3) nonprofits for solar panels, energy-efficient building upgrades (like new windows or HVAC systems), and related planning. Nonprofits must contribute 10% of project costs, with priority given to those with annual budgets under $1 million. The program is funded through state budget appropriations and transfers from the Strategic Energy Investment Fund, managed by the Maryland Clean Energy Center. Loans require repayment over time with deferred payment options, and must demonstrate long-term energy cost savings exceeding the loan's total cost.

SB 270 requires Maryland's Public Service Commission to analyze the full costs to ratepayers of different electricity generation options, including natural gas, nuclear, and offshore wind (specifically 8,500 MW capacity). The analysis must compare costs under three scenarios: natural gas alone, nuclear alone, and offshore wind with energy storage, while accounting for wind's intermittency and reliability costs. It mandates using a standardized cost model to identify the most cost-effective energy sources for ratepayers. The Commission must submit findings and policy recommendations to relevant legislative committees by December 1, 2027. This bill directly affects Maryland electricity consumers by informing future energy policy decisions.