The average residential electricity bill in Maryland is almost 21% higher compared to other states, according to recent data.1
Fortunately, solar power in Maryland is 10% more cost-effective than the rest of the nation.2 Also, the Solar Energy Industries Association (SEIA) shows the state’s rooftop solar prices have fallen 34% over the last five years.3 Meaning, going solar with a Maryland solar company like Sunrun now is one of the best ways you can take control of your home electricity over the next couple of decades.
As the largest residential solar, storage and energy services company in the U.S.,4 Sunrun has helped hundreds of thousands of households gain energy independence, have more energy security and reduce their carbon emissions — simply and affordably.
|Solar Savings Types||Value of Savings|
|Federal Solar Tax Credit||26% of the final cost of the solar system|
|Maryland Solar Rebate Program||Up to $1,000 grant|
|Maryland Solar Renewable Energy Credits (SREC)||Varies depending on market value|
|Other Programs||Variable (Net Metering)|
|Learn More About Maryland Solar Incentives|
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
With a Sunrun solar plan like BrightSave™ Monthly, you can go solar in Maryland for as little as $0 down, and get the same dependable solar power as full ownership. BrightSave Monthly lets you enjoy low, predictable monthly solar bills for 25 years. In addition, it comes with 24/7 monitoring, maintenance and insurance for 100% peace of mind. Learn about our industry-leading Sunrun Guarantee.
Prefer the worry-free benefits of a solar lease without monthly bills? Make a simple, one-time upfront payment with BrightSave™ Prepaid, and you’ll lock yourself to 25 years of lower rates than what you pay your electric company today. BrightSave Prepaid offers you the best value in solar, and our Sunrun Guarantee is included in this plan, too, so you can focus on more important things.
Interested in owning solar panels in Maryland? With Sunrun, you have the choice to pay for them upfront with BrightBuy™ or, for $0 down and low, fixed monthly payments with BrightAdvantage™. Regardless of the solar plan you choose, both plans let you own the system and power for life while helping you build home equity.5
As a Maryland home solar owner, you’re eligible for a federal solar tax credit6* and a property tax exemption on the added home value from your system’s cost.7 Maryland also offers the Residential Clean Energy Grant Program (R-CEGP), which gives you a $1,000 rebate on the purchase of a new home solar system of up to 20 kilowatts.8
In addition, Maryland’s Solar Renewable Energy Credit (SREC) program lets you earn cash for every megawatt-hour your system generates. Maryland SRECs prices are worth up to $65.9 So, if you install an average sized 6-kilowatt system that produces 6 megawatt-hours per year, you could earn $390 annually by selling your credits in the SREC market.
Since 2015, Maryland has quadrupled its solar energy capacity from 258 to 1,000 megawatts. Plus, the state is already committed to 25% renewable energy by 202010 and 50% by 2030.11 You can help achieve both these goals by creating your own clean, affordable Maryland solar energy at home with Sunrun today.
Yet switching to solar in Maryland won’t just reduce your carbon emissions. With the state’s net metering program, which credits residential solar consumers for the electricity they add to the grid,12 you’ll have more control over your power and the price you pay for it.
If you’re interested in learning how solar can change the way you power your life, we’re here for you every step of the way. Request a free, personalized Sunrun solar quote to see which of our products and services work best for your home. Together, we can ensure that Maryland remains on the right energy path for decades to come.
*We recommend contacting a tax professional to most accurately determine the impact of the federal solar tax credit on your taxes.