Maryland Solar Rebates, Incentives, and Tax Credits

The home state of the Chesapeake Bay has one of the strongest industries for residential solar installations. Maryland has supported homeowners going solar through rebates, grants, loans, and an RPS with one of the most aggressive end targets of any state in the country. Read on about available incentives to help you go solar!

State Incentives
Type: Renewable Portfolio Standard
Details: Approximatley 1,400 MW target by 2028 (equivalent of 250,000+ rooftop systems!). The current SACP is $400, and SRECs have largely traded between $100-$250.
Type: Rebate
Amount: $1,000
Restrictions: Maximum system size of 20 kW (you would need a really big roof to reach that target)
Other: On- and off-grid systems are eligible, must pass basic inspection requirements (provided by your installer). The rebate is not included in taxable income.
Type: Sales Tax Exemption
Amount: Maryland will not collect sales tax on the system you install, meaning the price you’re quoted by one of our installers is the price you pay.
Local Incentives
Type: Property Tax Credit
Amount: 40-60%, capped between $1,000-$3000, depending on system’s LEED standards
Restrictions: Must at least meet LEED Silver requirements, inspected by local LEED professional.
Other: Credit is available for five years and is calculated as a percentage of property taxes owed on the dwelling unit (not the land).
Location: Anne Arundel County
Amount: 50% of system costs or $2,500, whichever is lower.
Restrictions: N/A
Other: Tax credit applies to what is owed on the dwelling unit, not the land.
Location: Baltimore County
Amount: 40%-100% depending on LEED certification
Restrictions: N/A
Other: Credits are formed as a percentage reduction in assessed property taxes over 3 years.
Location: Baltimore County
Type: Property Tax Credit
Amount: 50% of system costs
Restrictions: N/A
Other: N/A
Location: Harford County
Type: Property Tax Credit
Amount: $2,500 or 100% of property taxes for one year, whichever is less.
Restrictions: First come, first serve basis.
Other: N/A

Net-Metering – Maryland’s net-metering program was most recently updated in 2007. If you generate more power than you use in a given month, your account is credited at the retail rate (that is great because sometimes utilities will only pay the wholesale rate). However, there is one catch, if at the end of the 12-month billing cycle, you have generated more electricity more than you have used, you grant all remaining credits to the utility. Don’t worry; you can discuss how to size your home solar power system with a qualified installer.


 

Sound like a good deal? Why not have a Maryland solar expert give you a detailed quote so that you can find out how much you could save by going solar.