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Frequently Asked Questions

Frequently Asked Questions. Who can participate in MCAP? Any government commercial or non-profit project in the state of Maryland. What kinds of projects can receive this type of program support?

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Frequently Asked Questions

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  1. Frequently Asked Questions Who can participate in MCAP? • Any government commercial or non-profit project in the state of Maryland. What kinds of projects can receive this type of program support? • There are a wide variety of projects including retrofitting of HVAC equipment, lighting, windows, water conservation, renewable energy and microgrid projects. Is there a limit on the size of the project? • Typically MCEC will be an attractive finance solution for projects above $2 million. No bond size is too large for MCAP other than the bond market’s appetite for the transaction.

  2. FAQs continued How much funding is available through the program? • There is no practical limit on the availability of funding for credit-worthy projects. What is a typical rate and term for the bonds? • MCAP projects are not “cookie cutter”. The variables of each project including the scope of work, amount of financing and participants will impact the term and pricing. Does my organization have to be rated by a bond rating agency to use MCAP? • No. MCEC works with its financing team to find investors for MCAP qualified projects.

  3. FAQ continued • What is the application process for applying for MCAP financing? • MCEC does not have an application process for project consideration. Each project is screened to see if MCAP is the best option for project financing. • What information is MCEC looking for in screening a renewable energy project? • Information about the project and project developer, the scope of the work, the goal of the project and how the project will generate funds to repay the bond.

  4. CONTACT Terry Daly MCEC Director of Project Finance 410-251-1666 terryd@mdcleanenergy.org

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