FEDERAL, STATE & LOCAL INCENTIVES

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The federal government offers a landmark Investment Tax Credit (ITC), In addition to state-specific solar programs, you can cut the cost of your solar energy system by 30 percent through this credit on your income taxes. The ITC applies only to those who buy their system outright with cash or with a solar loan.

The Tax Cuts and Jobs Act of 2017 created a windfall for renewable energy investors. Now you may depreciate 100% of your energy system in its first year. Consult your tax advisor for details on this program.

Maryland has set a renewable portfolio standard goal to produce 2.5 percent of its electricity from solar resources in 2020, and you can get paid to help. Under this program, you are granted one Maryland SREC for each megawatt-hour (MWh) of clean electricity your panels produce, which you can then sell in the SREC market. In 2020 each SREC sells for $80, meaning that a 5kW system that produces 7 MWh per year could earn you as much as $560 annually.

Washington, D.C. currently offers the highest value SREC's in the United States. As of 2020 each SREC is valued at $435 per megawatt. Certain communities in Maryland do qualify for D.C. SREC's. Ref to PEPCO FEEDER LINES page to see if you qualify.

When you put solar panels on your roof, you get credit for all of the power your system generates. Washington D.C. has a net metering policy that credits you for the extra electricity you produce, and allows you to use those credits when your system doesn’t generate enough power. Credited to customer's next bill indefinitely at retail rate including generation, transmission and distribution!

Now you don't have to worry about your property taxes increasing as the value of your home increases with the addition of a renewable energy system! Saving the planet shouldn't be taxed and isn't in Washington, D.C.

This MD solar rebate program is beautiful in its simplicity: If you install a solar energy system, Maryland will pay you $1,000. As easy as that. 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.

The Maryland Energy Administration is offering  up to Residential: $5,000 & Commercial: $150,000 tax credit for individuals and businesses savvy enough to install energy storage systems. Never worry about power outages again!

Thanks to net metering policies in Maryland, you will receive full credit on your utility electric bills for the extra electricity that your solar panels generate. During the times that you make more power than you use, you can “bank” it with your utility and draw from it later when you need more than your panels are generating. Pepco (Potomac Electric Power Company) offers the top utility net metering program in Maryland.

Prince Georges County is offering up to $5,000 off of your property taxes if you do the world a favor and convert to clean energy!

Now you don't have to worry about your property taxes increasing as the value of your home increases with the addition of a renewable energy system! Saving the planet shouldn't be taxed and isn't in the state of Maryland.

The Sales and Use Tax Exemption for Renewable Energy Equipment makes the purchase of your new solar energy system tax-free.