Maryland Solar Panels Rebates

Altogether you ll come out 7 133 ahead after year 1.

Maryland solar panels rebates.

The feds give you 26 of the cost of your system after rebate back as a tax credit which in this case is 7 257. If you install a solar energy system maryland will pay you 1 000. Just make sure your system is smaller than 20 kilowatts kw is located at your primary residence and that your installer has the standard nabcep certification. Through the programs below mea helps maryland residents businesses non profits and local governments implement energy efficiency upgrades.

Owners of solar pv and hot water systems can earn and sell srecs equivalent to 1 megawatt hour based on the amount of energy their solar system produces on the open market. The final bit of savings comes from maryland s srec program discussed below. The maryland energy administration mea manages grants loans rebates and tax incentives designed to help attain maryla nd s goals in energy reduction renewable energy climate action and green jobs. The maryland energy administration mea offers rebates for mid sized photovoltaic pv systems solar water heating systems swh and geothermal heating cooling ghc installed by businesses non profits and local governments.

This md solar rebate program is beautiful in its simplicity. Srecs will mean an additional 666 in income from solar this year. Funding is available on first come first serve basis and is subject to change based on funding availability. Maryland home energy loan program inactive apply for energy efficiency improvement loans of up to 20 000.

To help maryland business owners realize the benefits of solar energy the maryland public service commission manages the solar renewable energy credits srecs program.