1 / 2

Maryland Solar Program

The Maryland Solar Program is designed to make solar energy accessible and affordable for residents and businesses. By offering a combination of state incentives, federal tax credits, and solar renewable energy credits (SRECs), the program lowers upfront costs and increases long-term savings. Marylandu2019s net metering policy allows participants to sell excess energy back to the grid, further reducing electricity bills.

Annie45
Download Presentation

Maryland Solar Program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. MarylandSolarProgramForResidentialHomeowners TheMarylandSolarProgram,launchinginJanuary2025,isagame-changerforresidential homeownersinMaryland.WiththegoalofmakingsolarenergyinMarylandmoreaffordable andaccessible,theprogramoffersgeneroussolarincentivesinMarylandforhomeownerswho wishtoinstallsolarphotovoltaic(PV)systems.Thisnewinitiativeisanupgradedversionofthe ResidentialCleanEnergyRebateProgramandfocusesonreducingthecostofgoingsolarfor eligiblehomeowners,particularlythoseinlower-income brackets. WhatistheMarylandSolarAccessProgram? TheMarylandSolarAccessProgramoffersgrantsatarateof$750perinstalledkilowatt(kW)of solarpower.Thismeansthathomeownerscanreceiveupto$7,500infinancialassistance, dependingonthesizeoftheirsystem.Thetotalfundingfortheprogramis$15million,and fundswillbeawardedonafirst-come,first-servedbasis.Homeownersinterestedintheprogram

  2. mustapplyforfundingbeforeinstallingtheirsolarsystem,andonlycontractorslistedas participatingcontractorsintheprogramcanperformtheinstallations. HowDoestheMarylandSolarAccessProgramWork? ToparticipateintheMarylandSolarAccessProgram,homeownersneedtofollowatwo-step process: ReserveFunds:Homeownersmustapplyforareserveofprogramfunds,ensuringtheir placeinline.TheincomelimitsandeligibilitycriteriawillbeoutlinedintheFunding OpportunityAnnouncement(FOA),whichisexpectedbytheendofDecember2024. CompleteInstallation:Oncefundsarereserved,homeownerswillhavea180-day windowtocompletetheinstallationoftheirsolarsystemandmakeitoperational.A verificationprocesswillensurethattheinstallationisproperlycompletedbeforethegrant isdisbursed. FeaturesoftheMarylandSolarAccessProgram Unlikeprevioussolarincentiveprograms,theMarylandSolarAccessProgramis income-qualified.Onlyhomeownerswhoseannualhouseholdincomedoesnotexceed150%of theaveragemedianincomeforthestateofMarylandcanparticipate.Theprogramisdesigned toprioritizethosewhoaremostinneedofassistance,ensuringthatsolartechnologyis accessibletoalargerportionofthepopulation. Theprogramalsoallowsforasix-monthinstallationwindow,whichgiveshomeownersample timetocompletetheprocesswithoutpressure.Thisflexibility,alongwiththeclearguidelines outlinedintheFOA,ensuresthattheprogramwillrunefficientlyandequitably. MarylandSolarGrant:AdditionalBenefits InadditiontotheMarylandSolarAccessProgram,homeownerscanstillbenefitfromsolar renewableenergycredits(SRECs)inMaryland.Thesecreditsareanotherwayforhomeowners toearnincomefromtheirsolarinstallations.Ontopofthat,thefederalgovernmentcontinuesto offerthe30%solarinvestmenttaxcredit,whichhelpstofurtherreducethecostsofgoingsolar. HowtoGetStartedwithSolarinMaryland Totakeadvantageoftheseprograms,it’simportanttoworkwithaparticipatingcontractor.Solar SMEisalreadyacertifiedinstallerfortheMarylandSolarAccessProgram,makingiteasierfor youtosecureyourgrant,completetheinstallation,andstartsaving. Takethefirststeptowardsreducingyourenergybillsandinstallingacleanenergysystemin yourhome.ContactSolarSMEtodaytoreserveyourspotintheMarylandSolarAccess Program.Don’tmissout—applynowandbeginyourjourneytosustainable,affordableenergy!

More Related