Maryland Solar Incentives Help you Save on Solar
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.
Maryland Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Federal Solar Tax Credit (ITC)
||30% of the total system cost
|Maryland Solar Rebate Program
||Up to $1,000 grant
|Maryland Solar Renewable Energy Credits (SREC)
||Varies depending on market value
||Variable (Net Metering)
**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.
MD Solar Rebate Program
Maryland also offers a rebate program to help with the cost of purchasing a solar system. You may be able to earn a $1000 grant when you install a home solar system with an installed capacity range of 1 to 20 kw.2
Federal Investment Tax Credit
On top of Maryland’s solar incentives, you’d also be eligible for the Federal Investment Tax Credit, otherwise known as the ITC, 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. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%.3 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
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 ITC. 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.