Green Street Solar offers three residential packages for Maryland residents.
Our most popular Maryland package, the Tucson, costs most Maryland residents as low as $8,416 after incentives and produces +/- $2,300 worth of savings per year!
The modules (panels) are under warranty for 25 years, so imagine all of the money you will save!
Incentives & Rebates for Buying a Residential Solar System and Solar Installation in Maryland
Sample System CostMaryland State Rebate Program
In Maryland, there are rebates available for most homeowners and business owners.
- They can expect to be eligible for a rebate of up to $1.25 per installed watt for their solar electric system.
- There is a limit of $10,000 per system.
Green Street Solar takes care of the application process and even will allow for the customer to receive their panels prior to the grant money being refunded.
This rebate is called the Maryland Solar Energy Grant Program. Details can be found at by clicking here.
Federal Solar Incentive Program
In addition to the $10,000 maximum refund that Maryland gives homeowners, the Federal Government offers a 30% tax credit.
Maryland County Incentive Programs
Maryland counties have eneacted tax credits of up to $5,000 per solar electric system.
See bottom of page for county details.
Total Maryland Solar Incentive Plan
When you combine these three programs, you are eligible for up to 60% off of your total system price!
Act soon, as Maryland’s grant amount will soon be adjusting downward due to the program’s overwhelming success!
Ask about property tax credits for your county. Montgomery County residents are eligible for up to $5,000 in tax relief!
Please ask your tax advisor how you can apply your 30% credit.
Financial Benefits of Owning a Solar Electric System
Once you have purchased your solar electric system, you can start reaping the financial benefits!
Your utility company must pay you full value for the electricity you produce. You can offset your bill all the way to nothing!
Your utility company is not required to pay you for power you create in excess of your electric use.
In addition, there is a market for Renewable Energy Credits (RECs). Green Street Solar arranges to have these sold on your behalf at no additional charge.
For a typical system that costs a homeowner $14,500 after incentives, a Maryland homeowner can expect approximately $2,500 per year in electric savings and REC proceeds!
Electricity prices have risen at over 6% annually over the past 30 years. Should this trend continue, what is currently a $2,400 savings can become much larger over time!
Business owners can apply accelerated depreciation to the system!
Also keep in mind that your savings are “pre-tax” savings, meaning that you are saving money that would normally have been taxed before you spend it.
*Note: The REC market is constantly changing. Green Street Solar will strive to keep its customers aware of current policies affecting their RECs.
Click here for Montgomery County incentives.
Click here for Howard County incentives.
Click here for Harford County incentives.