Current Maryland Solar Incentives

  • 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 Incentives Graph
Solar Graphic Courtesy of Energy Sage