Solar Maryland has helped many Americans dramatically lower their utility costs by switching to affordable solar electric. We work by matching you with top rated solar installers that services your local area. A specialist from each solar installer can then explain all of the cost saving initiatives that may be available to you – from government and Maryland specific solar rebates & incentives to the different solar panel financing and leasing programs, all of which can help offset some of the initial solar system installation costs. Designed to make acquiring a solar PV system more affordable, solar financing options that may be available include: solar loans, solar lease, power purchase agreement (PPA), and government funded options, like the Home Energy Renovation Opportunity (HERO) or Property-Assessed Clean Energy Programs (PACE).
Maryland Solar Power Can Save You Money
Many Marylanders don’t realize the amount of money spent on their home energy use each year. In the next 10 years, the average Maryland homeowner may spend over $16,000 on electricity1. Not to mention that electricity prices in Maryland actually increased over 50% in a 10-year period from November 2005 to November 2014. Smart homeowners are increasingly looking to renewable energy and investing in a home solar system today to help offset the rise in electricity rates.
Home Solar Financing
An average residential solar system can cost between $15,000-$29,000 for average sized systems sized between 4kW and 8kW.2 Considering that you could possible spend up to $41,973.00 in electrical bills over the next 25 years, this can be a small price to pay for solar in Maryland3. However, for too many people, that still represents too large of an up front payment. The good news is that many of the solar providers we work with offer a variety of great solar financing and leasing options to help offset some of initial solar installation costs. In addition, low interest rates may be available for a solar home financing and installing solar panels can increase the value of your home as well.
Maryland Solar Rebates and Tax Incentives
One of the great facts about solar in Maryland is that there are a number of Maryland solar rebate and incentive programs, such as the Residential Clean Energy Grant Program and the Residential Renewable Energy Tax Credit, that exist to make it easier to afford solar power for your home. The solar provider that you select will be up to date on all of the solar incentives and lease/finance options that may be available to you to help you save as much money as possible.
Home Solar Benefits
There are a number of benefits of home solar power: (1) solar systems can lower your electric company bills by up to an estimated 20%4 (2) current U.S. government tax credits could save you up to 30% off the purchase of a home solar system, (3) purchasing and installing a solar panel system may increase the value of your home by up to $15,000 for an average-sized 3.6-kW PV system3; (4) many solar providers are offering great financing programs so you can get solar for as little to $0 down if you qualify; and (5) you can protect yourself from rising costs of electricity! Save today and tomorrow with MD solar energy! Start with free estimates from qualified solar installers by filling out the short solar quotes request form here.
To ensure a positive return on your solar investment and that your solar system operates effectively at all times, you need to hire the right solar provider who can guide you through solar installation process – from financing and finding the right rebates and incentives to installation and maintenance – and avoid typical mistakes when going solar. All of our solar installation partners are highly qualified, New York solar energy professionals. When you get a quote through Solar-Maryland.org, rest assured that you are getting a residential solar quote from some of the most professional solar installers in the state.
Which utility districts is solar viable?
Solar power has been installed in almost every state and utility company service area across the USA. Maryland homeowners have lowered their utility electric bills with solar in areas served by: Choptank Electric Cooperative – CEC, Delmarva Power & Light – DP&L, DPL, Potomac Electric Power Company – PEPCO, Southern Maryland Electric Cooperative – SMECO, Baltimore Gas & Electric – BGE, Potomac Edison – Allegheny Power, Easton Utilities, Hagerstown Light Department – HLD, and Thurmont Municipal Light & Water Co.. Contact us today to determine how much you can save off your home electric bill.5
Solar-Maryland.org is a no-cost, no-obligation, risk-free service dedicated to providing solar estimates to anyone interested in lowering their electricity bill and going green. Start now with free solar quotes from our qualified solar providers near you by filling out our short solar quotes request form here. Get connected to the best solar companies in your area and go solar today!
1 The average monthly electric bill in Maryland is $139.91 multiplied by 12 months and 10 years equals $16,789.20. Your average monthly electric bill may be different and, as a result, the amount of any potential savings may be different.. https://www.eia.gov/electricity/sales_revenue_price/pdf/table5_a.pdf
2 ”home buyers are consistently willing to pay PV home premiums across various states, housing and PV markets, and home types; average premiums across the full sample equate to approximately $4/W or $15,000 for an average-sized 3.6-kW PV system.” http://www.seia.org/research-resources/selling-sun-price-premium-analysis-multi-state-dataset-solar-homes
3 The average monthly electric bill in Maryland is $139.91 multiplied by 12 months and 25 years equals $41,973.00. Your average monthly electric bill may be different and, as a result, the amount of any potential savings may be different. https://www.eia.gov/electricity/sales_revenue_price/pdf/table5_a.pdf
4*Based on estimates of what customers who enrolled with Sunrun between January 2016 and April 2018 would have paid for energy over 20 years versus estimates of what they may pay with Sunrun over 20 years. Analysis assumes consistent energy usage, annual utility rate increases of 3.76%, and full utilization of the 30% solar Investment Tax Credit by the system owner. Savings are not guaranteed and will vary based on various factors, including Sunrun product type, actual energy usage, actual system production, geography, weather, shade, and actual utility rate structures and rate increases. Contact a solar installer for a more individualized estimate.
5 Solar Maryland is not affiliated with any of the utilities listed in any way.