- 26% Federal Tax Credit on the entire system’s cost including installation
- $1,000 MEA Residential solar grant or $60 per kW Commercial solar grant
- $2,500-$5,000 property tax credit for Anne Arundel, PG, and Baltimore Counties (several year waitlist)
- SRECs (Solar Renewable Energy Certificates), which are currently selling for between $50-60 a piece (per 1,000 kWhs of solar energy produced)
- Depreciation for commercial solar projects
- 25+ years of utility savings from the electricity the system generates
- 100% Payback 7-9 years for residential, inside of 6 years for commercial projects
- Lower carbon footprint
- Increase in property’s value
- Sales and property tax exempt
ITC = ‘Investment Tax Credit”
Solar Graphic Courtesy of Energy Sage
