Maryland Solar Incentives Create Opportunity and Affordability for Everyone.

Maryland has made significant progress in promoting renewable energy through its Renewable Portfolio Standard (RPS). The RPS is a policy mechanism that requires electricity suppliers to obtain a certain percentage of their energy from renewable sources. In Maryland, the RPS has played a crucial role in fostering the development of a thriving solar market. And now homeowners are seeing the benefits in record numbers. 

The RPS in Maryland was established in 2004 and has been gradually increasing the required percentage of renewable energy over time. Currently, the RPS mandates that 50% of the state’s electricity comes from renewable sources by 2030, with a specific focus on solar energy.

One of the key factors that have contributed to the growth of the solar market in Maryland is the generous incentives and financial support provided by the state. Maryland offers various programs and initiatives to encourage the installation of solar panels, such as the Solar Renewable Energy Credits (SRECs) program. Under this program, solar system owners can earn credits for the electricity their systems generate and sell those credits to utilities, providing a significant source of revenue. 

 

Additionally, the state provides tax incentives, grants, and low-interest loans to support the adoption of solar energy. These financial incentives, combined with the increasing demand for renewable energy, have created a favorable environment for the growth of the solar market in Maryland. The most prominent incentives all residents enjoy is the 30% Residential Energy Tax Credit allotted by the Federal Government. And another statewide incentive is the Maryland Energy Administration $1,000 Rebate. Below is a list of other notable incentives by county. If you would like a customized design for your property with all incentives included, you can request one by clicking the button below. 

 

 

• PG COUNTY:

Tax Credit Upto $5,000.  This Tax Credit can be carried forward for two years. Most are under the impression that you have to purchase a system to receive the               tax credit, but that actually isn’t the case. PPAs and Lease’s qualify for it as well.  Access the application here and feel free to contact us if you need any                             assistance:dcv10244_alternative-energy-tax-credit-application-pdf.pdf (princegeorgescountymd.gov)

• BALTIMORE COUNTY

$5,000 Property Tax credit

• ANNE ARUNDEL COUNTY:

Anne Arundel County offers a one-time property tax credit of 100% of your property tax bill up to $2,500.

Combined, all of these incentives have created opportunities for residents to purchase solar systems or take advantage of Leases and PPA agreements where Solar companies buy the system for you, take advantage of the subsidies, and sell you the power for a fraction of the cost of what you pay your utility while you get to live worry-free without loans or locking up any cash. Some areas of Maryland even qualify for Free Solar where they get a free system and pay $0.00/kwh for the electricity. This is all based on the county and the section of the grid they reside on. Similarly, in some areas, residents are also factoring home rehab into their projects as roofing and electrical issues usually need to be repaired before installation. This opportunity has helped homeowners upgrade their homes with maximum efficiency. Order a customized breakdown for your property to see which programs may be best for you. 

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