ORION SMART POWER
Maryland
With its varied climates and diverse landscapes, Maryland is a paradise for those who appreciate nature. Residents of the state can take advantage of its abundant sunshine and solar rebate programs, making it a great place to consider installing a solar system. With over 200 days of sun each year, it's no surprise that savvy investors are turning towards renewable energy sources like solar power in order to meet the ambitious Renewable Portfolio Standard set by the state. In 2018 alone, 6.1K existing systems were installed on 80% of all rooftops available with plans to increase this number to reach 100% by 2040. Such efficacy will continue as these incentives lead to cheaper prices for solar panels.
4 Reasons Why It’s Worth Going Solar in Maryland
ALLEVIATE OUTAGES
Add battery storage to your solar system so you can rely on clean energy and disconnect from the grid during outages.
COUNT ON SAVINGS
Reduce your carbon footprint while harnessing the power of the sun. Solar panels take advantage of this by providing consistent, reliable power.
LOWER YOUR FOOTPRINT
Solar power has many advantages over fossil fuels as a renewable energy source. It is a more viable option for your home, community, and the environment.
INCREASE HOME VALUE
​Due to the increasing popularity of solar-powered homes, they stand out, resulting in immense profits as they sell faster and at a higher value in the national real estate market.
Available Solar Incentives Maryland
Incentives help lower the cost of your solar energy system. Those available in Maryland include:
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Solar Tax Credit: Most solar energy installations are eligible for the Residential Clean Energy Credit, previously called the Solar Investment Tax Credit (ITC). Eligible homeowners can deduct up to 30% of their solar power system’s costs from their total tax liability for the year of installation.
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Maryland Clean Energy Rebate: The Maryland Energy Administration (MEA)Maryland Energy Administration (MEA) offers a $1,000 incentive for all residents who install solar panels.
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Maryland Energy Storage Income Tax Credit: Maryland taxpayers who install energy storage systems can claim a tax credit for 30% of the system cost up to $5,000 for residential homeowners.​
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Solar Renewable Energy Certificates (SRECs): Solar panel owners can sell SRECs on the market similar to stocks. If you choose Palmetto as your solar installer, we can help you sign up with SRECTrade, our partner and national brokerage firm, to sell your SRECs.
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State Property Tax Exemption: Solar has been shown to increase the value of your home. Maryland exempts this addition from your property taxes, meaning you don’t pay extra taxes because you got solar panels.
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State Sales Tax Exemption: Solar is exempt from Maryland’s sales tax.
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Local Utility Rebates: Some local utilities may offer solar rebate programs to offset the cost of your renewable energy system even further.
Switching to solar is easy with ORION
Orion Smart Power is one of the country’s fastest-growing companies. We actively install in twenty states. Not in one of these states?
Please contact us to see if we’re in your area.