Join the conversation with fellow Maryland solar enthusiasts. Post questions, find support from others who have gone solar and connect with the grassroots solar movement.
The listserve is also a way to keep track of local developments around solar, including pending laws, incentives and changes in policy.
Click here to find out more and join: http://bit.ly/12pRX45
There are a few incentives offered at the federal, state and local level for solar in Maryland.
- The Federal Tax Credit: The Federal Government offers a tax credit for 30% of the total cost of the system.
- Maryland Clean Energy Grant Program: The state provides residents with a grant of $1,000 for the installation of solar PV residential systems. To learn more about the grant and the application process, go to: http://energy.maryland.gov/Residential/cleanenergygrants/index.html
- County Incetives: Counties like Anne Arundel County, Baltimore, Harford and Prince George’s offer property tax credits for solar (PV) installations. Some are of up to 50% or the costs of the project or $5,000. To learn more about the county incentives, visit this DSIRE site.
- The Jane E. Lawton Conservation Loan Program (JELLP): it provides loans to install RE. The revolving loan program allots up to $500,000 per loan at a 2.5% interest rate (with a payback of 10 years or less) for non-residential renewable energy systems. The program has a $1.75 million budget for 2013.
- For more information and a complete list of incentives in MD, visit the DSIRE USA website: http://www.dsireusa.org/incentives/
Check out this guide to Net Metering in Maryland. It is a working document, but it still provides a lot of information and resources.
In states with Renewable Energy Portfolio Standards (RPS), utility companies are required to get a certain portion of their electricity from renewable energy, creating a market for renewable energy credits. Solar Renewable Energy Credits (SRECs) are tradable certificates that you get for every 1,000 kWh of electricity produced by a solar energy system.
So, for every 1000 kWh of electricity that your system produces, you get one SREC that you can sell to your utility.
You can sell them upfront for a fixed price (many installers give you this option), or you can sell them yourself over time.
To learn more about SRECS, visit http://www.srectrade.com/background.php
Also, check out Local Energy Alliance’s guide to RECs – What the Heck is a REC? And Why It Matters