New boilers at the Takoma Overlook Condominium in Takoma Park, Md. Four years ago, condominium residents worked with the Montgomery County Green Bank to leverage public dollars to install a more energy-efficient heating system and other equipment.
recreation center but can’t get a loan from a bank or a lender. As is often the case, potential lenders say they’re hesitant to support a novel green technology or a business without a track record of success.to attract private capital. The program aims to overcome this problem by providing a huge influx of federal cash — $27 billion in total — for nonprofit organizations to dole out to clean-energy projects nationwide.
When her water heater died last year, Mildred Carter of De Soto, Ga., couldn’t afford to replace it until Rewiring America got involved. The nonprofit helped Carter enroll in a program that provided incentives of up to $5,000 from Georgia Power, the local utility, for home energy-efficiency upgrades. Her new heat pump water heater was installed Dec. 23, just in time for the holidays.
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