Why go solar in Maryland
Maryland is ahead of the game in the solar industry. The state offers great incentives and net metering to homeowners that go solar. Maryland also gets more than enough sunlight to power the average home. There are many reasons why you may want to go solar as a Maryland homeowner.
Solar incentives in Maryland*
Maryland’s Residential Clean Energy Rebate Program (“R-CERP”) offers $1,000 if you and your system fulfill the requirements. You can also take advantage of the property tax exemption and solar tax exemption to not pay property taxes on the added home value from solar or sales tax on your solar installation costs. Maryland net metering is offered by both Pepco and Semco. Net metering in Maryland pays you a one-to-one credit for the electricity your solar system supplies to the grid. This means that you get paid back at the same rate that you are charged when you pull power from the grid. Net metering is required by the state until 1,500 MW is reached. Maryland’s Solar Renewable Energy Credits (SRECs) program allows you to sell excess energy back to participating utilities.
Maryland homeowners are also eligible for the Solar Investment Tax Credit (ITC).*** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.