Maryland Financial Incentives
Financial incentives offer assistance with purchasing a solar energy system through tax credits and grants/rebates. These innovative programs are making solar energy more affordable than ever.
Solar PV
| Federal: (Residential Solar Tax Credit) |
Income tax credit
30% of net cost of the system |
| State |
Maryland: (Solar Energy Grant Program)
Grant program
$2,500 per kilowatt, up to $10,000
For current status and availability, see Maryland Energy Administration Website |
Delaware: (Green Energy Program)
Rebate program
50% of the total cost up to $15,000 or $22, 500 (Cap varies by utility provider) |
| Local |
Harford County
Tax Credit
$2,500 flat credit |
Howard County: (Property Tax Credit for Energy Conservation Devices)
Tax Credit
50% of the total cost up to $5,000 |
Montgomery County:
Tax Credit
50% of the total cost up to $5,000 |
Prince George's County:
Tax Credit:
50% of the total cost up to $5,000 |
Renewable Energy Credits (RECs)
Beginning in 2008, utility companies selling electricity into the Maryland market are required to have a percentage of that electricity provided by solar electric systems installed in Maryland. This is part of what is called the Renewable Portfolio Standard (RPS). The utility companies are very limited in their ability to meet this requirement with their own generation; therefore, they will need to purchase Renewable Energy Credits (RECs) through aggregators and private solar electric system owners. This is great news for any homeowner in Maryland with an installed solar PV system. Just by having a system on your home, will possess a certain amount of these RECs which can be sold to help offset the costs of owning that system. The mechanism for selling RECs on the open market is currently being created by the Public Service Commission and will likely be administered by the Maryland Energy Administration. We will have updates to this site as information becomes available.
Solar Hot Water
| Federal: (Residential Solar Tax Credit) |
Income tax credit
30% of net cost up to $2,000 |
| State |
Maryland: (Solar Energy Grant Program)
Grant Program
30% off the cost of the system, up to $3,000
For current status and availability, see Maryland Energy Administration Website |
| Local |
Anne Arundel County
Tax Credit
Net cost of the system, up to the value of the property taxes on the building for one year. |
Howard County: (Property Tax Credit for Energy Conservation Devices)
Tax Credit
50% of the total cost up to $1,500 |
Harford County: (Property Tax Credit for Solar Energy Units)
Tax Credit
$2,500 flat credit |
Montgomery County:
Tax Credit
50% of the total cost up to $1,500 |
Prince George's County:
Tax Credit
50% of the total cost up the $1,500 |
For a comprehensive listing of financial incentives available in the United States, and more details about the incentives listed above, visit www.dsireusa.org.
For a summary of Maryland info click here: Download
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