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HB 695

Green and Renewable Energy Efficiency for Nonprofits (GREEN) Loan Program and Fund - Establishment

2026 Regular Session Introduced by Gabriel Acevero and 11 co-sponsors

Maryland establishes a state loan program providing nonprofits low-interest financing for renewable energy and efficiency projects to reduce operational costs.

Hearing 2/17 at 1:00 p.m. (Environment and Transportation)
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Bill Summary · HB 695

Legislative bill overview

HB 695 establishes the GREEN Loan Program and Fund in Maryland to provide low-interest or forgivable loans to nonprofit organizations for renewable energy and energy efficiency projects. The bill creates a dedicated funding mechanism to help nonprofits reduce their operational costs and environmental impact through sustainable infrastructure upgrades.

Why is this important

Nonprofits often lack capital for energy improvements despite long-term cost savings, limiting their ability to redirect funds toward their missions. This program could accelerate Maryland's renewable energy adoption while freeing nonprofit resources for community services, though it requires state funding commitment during a period of fiscal pressures.

Potential points of contention

  • Funding source and amount: The bill's financial sustainability depends on appropriations; unclear whether dedicated revenue will materialize or if this competes with other state priorities
  • Loan structure details: The terms for "forgivable" versus standard loans are not specified, raising questions about implementation costs and whether grants would be more efficient
  • Nonprofit eligibility criteria: The bill may need clear definitions of which nonprofits qualify, potentially raising equity concerns about access for smaller or rural organizations
  • State vs. private sector role: Critics may argue private green lending markets and federal tax incentives already serve this need, questioning whether state involvement is necessary

Compiled from official sources — confirm details with the bill’s official record.

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