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From large-scale projects to residential solar, Maryland’s solar-friendly renewable energy portfolio standard is only making the solar industry more impactful in the state. ADT Solar is the Maryland solar company of choice for residents who want to take full advantage of the state’s net metering policy, the federal tax credit, and the ample additional incentives for solar.
In fact, Maryland is projected to add 1,161 MW of solar to its renewable portfolio over the next five years. Even better, solar pricing in Maryland has dropped 4%, which means that now is the best time to consider switching to solar in Maryland.
ADT Solar provides affordable solar panels, solar power systems, and rooftop solar panel installations in Maryland. Let’s learn more about solar power savings in Maryland.
Let’s dig a bit deeper into all the great reasons why people in your neighborhood, across the state of Maryland and the rest of the world are switching to solar energy to power homes and businesses.
Call (866) 450-1012 or complete the questions and an ADT specialist will contact you with a quote.
With exemptions to cut down costs, rebates and net metering for solar customers, Maryland is a state made for solar. Maryland has solar-friendly policies, numerous credits, programs and incentives for solar customers, including:
If you’re worried about the cost of solar panels keeping you from installing panels on your roof, Maryland has a solar energy sales tax exemption to help cut down the costs. Your purchase of solar panels and equipment will be exempt from sales tax. This means that Maryland’s 6% sales tax cannot be added onto purchases of solar energy equipment.
Not only do solar panels save you money, but they also add value to your home.
On average, solar panels add $20 of value for every $1 you save on your electric bill. So if you saved $200 a month on your electric bill with solar panels, you’d have an additional $4,000 of value added to your home.
But if you’re worried about increased property taxes as a result of this added value, worry not! According to Maryland law, solar panels are completely property tax exempt. That means all the increase in value without having to pay additional property taxes for the solar panels installed on your home.
If you’re going solar in Maryland, there’s yet another giant cost-savings credit: the Solar Investment Tax Credit (ITC) offered by the United States federal government. This federal tax credit is available to Maryland homeowners and business owners and provides a 30% tax credit of the entire solar system cost, including a battery system.
Federal, state and local — all levels of government in Maryland offer tax credit incentives toward your investment in home solar. In the participating Maryland counties with solar tax incentives, apply for a tax credit toward the costs of your solar system materials and installation. Your county’s local solar tax credit is then applied to your property taxes.
When homeowners in Maryland have complete clean energy systems to power their homes, they qualify for Maryland’s Solar Rebate Program. The program is provided by the Maryland Energy Administration and offers residents with solar power a rebate up to $1,000 for solar panel systems.
Maryland electricity rates are uncomfortably high for most residents, so the state has required investor-owned utilities to offer net metering to customers with solar power. When your solar panels produce more energy than you need, net metering makes it so the utility company will pay you for the extra energy — all at the retail rate of electricity. Net metering in Maryland is a great incentive for those customers looking to add battery storage. Keep reading to see how you can save on your backup battery, too.
True energy independence occurs when you combine high-performing solar panels with a backup battery to store your energy. Maryland lawmakers instituted a battery backup tax credit of 30% of your installed costs up to $5,000. This means you’ll not only receive a solar tax credit from the federal government, but an even greater tax credit savings on your purchase of a backup battery in Maryland.
Since many homeowners in Maryland show concern for the upfront installation costs associated with solar, the state has issued a residential Clean Energy Grant program. For Maryland residents who go solar, this incentive provides a rebate of $1,000 per solar system installed to help reduce the initial setup and installation costs.
Maryland has an especially unique offering for residents with solar power: Solar Renewable Energy Certificates; also known as SRECs. In Maryland, the SREC program is designed to reward people for switching to clean, renewable energy. Maryland has a solar renewable energy certificate program that rewards people for switching to clean energy. Here’s how it works: for every 1,000 kWh of solar energy your pv system produces, you receive 1 SREC to use toward shortening the time it takes to pay off the solar installation costs.
Choosing a solar contractor in your area can be intimidating, which is why it’s helpful to remember the three most important tips when choosing a solar panel company.
Since 2008, ADT Solar has a proven history and reputation for providing quality service, and was ranked #2 for 2021 Solar Power World’s Top Residential Solar Installer in the United States. We are proud to offer some of the best warranties you can find in the solar industry and only use products that offer the same.
If you’re ready to take the next step, or even if you’re considering what it would take to get you there, contact us to discover all your options.
We install solar and roofs in the state of Maryland. Contact us today to see if we service your area and get free solar quotes for your particular needs.
*Tax and credits or incentives including those provided by federal, state, or local governments may change or end. This can impact the amount of money you might save. Consult a tax professional to understand any tax liability or eligibility for any tax credits that may result from the purchase of your solar system.
**If you have taxable income and own the system, you may qualify for the federal investment tax credit (ITC). It is your responsibility to determine your eligibility and to apply. Consult a qualified tax professional for assistance and details.