(a) An ordinance or resolution enacted under § 1–1102 of this subtitle shall provide for:
(1) eligibility requirements for participation in the program, including eligibility requirements for:
(i) energy efficiency improvements and renewable energy devices; and
(ii) property and property owners; and
(2) loan terms and conditions.
(b) Eligibility requirements under subsection (a) of this section shall include a requirement that the county or municipality give due regard to the property owner’s ability to repay a loan provided under the program, in a manner substantially similar to that required for a mortgage loan under §§ 12–127, 12–311, 12–409.1, 12–925, and 12–1029 of the Commercial Law Article.