Sunnova teams with Maryland’s Montgomery County Green Bank on LMI solar loan program
Sunnova Energy International and Montgomery County Green Bank (MCGB) are partnering on an offer to help low-to-moderate income (LMI) households in Montgomery County, Maryland, transition to solar energy.
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This program is available to Montgomery County households that earn up to $97,500 per year and want to go solar without any upfront costs. Through an innovative structure of Green Bank resources in partnership with Sunnova, more options are being made available to qualifying households to either lock in a predictable solar energy rate for 25 years or select Sunnova’s new offering that allows customers to lock in a set discount from the utility.
“A key benefit of this partnership with Sunnova is that it creates an opportunity for income-qualified households in the County to access solar through creative, affordable financing solutions who may not otherwise be eligible through traditional financing,” said Tom Deyo, CEO, Montgomery County Green Bank. “Our collaboration with Sunnova aligns with our mission to make clean energy and climate-resilient solutions more accessible and affordable for all.”
With utility rates rising significantly across the country, this program will allow customers to protect themselves from unpredictable utility prices, take control of their home energy costs, and power their home with a better energy service at a better price.
Customers will also get to work with Sustainable Energy Systems, one of Sunnova’s trusted dealers in Montgomery County, who will install their systems.
“These communities often suffer the effects of climate change more so than others and this program will allow Sunnova to get more solar into the hands of homeowners that need it most,” said Kelsey Hultberg, EVP, Sustainability and Corporate Communications at Sunnova.
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