Roughly Speaking: What happened to the State Center project?

Foreclosures

PACE program seeks to spur investment in clean, efficient energy across Maryland

PACE program seeks to spur investment in clean, efficient energy across Maryland

Maryland counties are increasingly signing on to an unorthodox program that makes it easier for owners of large office buildings and warehouses to pay for green energy projects.

Under recently enacted ordinances, companies in Baltimore, Harford, Howard counties and Baltimore City can agree to pay more in property taxes to finance solar panels, for example, or energy-efficient heating and cooling systems. The governments would pass the payments along to lenders that front the costs for the improvements.

Known as PACE — which stands for Property-Assessed Clean Energy financing — such programs have spurred $280 million in clean and efficient energy improvement...

48°