Montgomery County Green Bank secures $68.5M federal grant for energy efficiency projects

On January 23, 2025, Montgomery County's TE Committee convened to discuss significant advancements in energy efficiency initiatives, particularly focusing on the Building Energy Performance Standards (BEPS). The meeting highlighted the collaborative efforts between county officials and the Green Bank to address community concerns regarding energy efficiency and the financial support available for property owners.

A key point of discussion was the introduction of a cap on energy efficiency standards, which was well-received by stakeholders. This cap aims to provide clarity and a sense of achievability for property owners, many of whom expressed uncertainty about meeting the new regulations. Council members emphasized the importance of listening to community feedback, particularly from common ownership communities, and ensuring that their concerns are addressed in the implementation of these standards.

The committee also explored the challenges posed by master metering in multi-unit properties, which can complicate compliance with benchmarking requirements. Officials clarified that while individual metering for each unit is not mandated, the Green Bank is actively working to assist properties in transitioning to more manageable metering solutions. This support is crucial for enabling property owners to meet the new energy efficiency standards without incurring prohibitive costs.

A significant development discussed was the recent receipt of $68.5 million from the EPA's Greenhouse Gas Reduction Fund, which will be allocated to support BEPS readiness across various property types in Montgomery County. The Green Bank's CEO, Ms. Morel, outlined plans to utilize these funds effectively, focusing on creating a sustainable financial model that allows for ongoing support of energy efficiency projects over the next decade. This approach aims to establish a revolving fund that can continuously finance new initiatives, ensuring long-term benefits for the community.

The meeting concluded with a strong commitment from council members to advance these initiatives, with state lawmakers expressing support for the county's proactive stance on environmental policy. As Montgomery County moves forward with these energy efficiency measures, the collaboration between local government and the Green Bank is expected to play a pivotal role in achieving the county's sustainability goals. The anticipated next steps include finalizing regulations and launching programs that will facilitate the implementation of these standards, ultimately contributing to a greener and more energy-efficient community.