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Incentives/Policies for Energy Efficiency

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Rural Business Energy Efficiency Improvement Loan Program   

Last DSIRE Review: 10/16/2014
Program Overview:
State: Maryland
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Agricultural Equipment, Custom/Others pending approval
Applicable Sectors: Agricultural, Other Resource Based Businesses
Amount:Loan amount: varies
Grant: 10% of loan amount
Maximum Incentive:Maximum Loan: $30,000
Terms:4% fixed rate; loan terms from 2 - 7 years
Web Site:

The Maryland Agricultural and Resource Based Industry Development Corporation (MARBIDCO) offers low interest loans for energy efficiency improvements to farms and rural businesses through the Rural Business Energy Efficiency Improvement Loan Program. The program is designed to facilitate the purchase of equipment or technology that lowers business energy consumption. Applicants must have a credit score of at least 650 without any bankruptcy during the prior seven years in order to qualify for a loan.

Unsecured loans from $2,500 to $30,000 are available at a fixed interest rate of 4% under this program. Loans will be fully amortized over a term of two to seven years, not to exceed the anticipated energy savings payback period. Loan payments will correlate with the anticipated energy savings payback with at least a 1.0:1.0 ratio of debt service coverage to annual energy savings payback. Loans may not exceed the cost of improvements minus any grants received for the project. The program also offers an additional grant incentive of 10% of the loan for borrowers that remain in good standing on their loan repayments. All applicants must include a letter of referral from a commercial lender and a copy of an energy audit report completed by a qualified third party auditor with the application. There is a $75 loan origination fee associated with participating in this program, payable at closing.

  Linda Arnold
Maryland Agricultural and Resource Based Industry Development Corporation
1410 Forest Drive, Suite 26
Annapolis, MD 21403
Phone: (410) 267-6807
Fax: (410) 267-6809
Web Site:
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.