Below is a list of some of the many incentives in place within Maryland to help offset the cost of installing a solar system at your home.
- 30% Federal Tax Credit - You will receive 30% of the total system cost back on your next income taxes.
- $1,000 Maryland State Grant - As soon as your system is installed you submit a form and within a few months you will recieve the grant check.
- Maryland Solar Renewable Tax Credit (SREC) - For every 1,000 kilowatt hours (kWh) your system produces you receive 1 SREC. Each SREC is a tradable commodity which can be sold by the owner or you can have it done by one of many SREC brokerage companies.
- PG County 50% Property Tax Credit (up to $5,000) - For those living in PG county there is a property tax credit that gives you 50% of the system cost up to $5,000 back on your property taxes. Though, it can take a long time to receive the credit due to a long recipient queue.