Maryland cares a lot about clean energy, which is why it ranks in the top five states best states for residential solar energy.1 Maryland’s solar-friendly policies, SREC's and rebates all contribute to lower electric bills and a larger return on your investment. Sunrun can help you funnel all these incentives into one low monthly payment so you can take advantage of Maryland’s big solar savings without hassle.
|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|
**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.
Maryland also offers a rebate program to help with the cost of purchasing a solar system. You may be able to earn a $1,000 grant when you install a home solar system with an installed capacity range of 1 to 20 kw.2
On top of Maryland’s solar incentives, you’d also be eligible for the federal solar tax credit if you buy your own solar system outright. The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle. Whichever one you choose, we’ll help you take advantage of the Maryland solar incentives that might be available to you like the solar rebate and federal solar tax credit. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.