Federal Solar Energy Tax Credits
The Solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the deployment of solar energy in the United States. Consumers who install solar energy systems (including solar water heating and solar electric systems), receive a 30% tax credit for systems (Solar Installation Incentives) placed in service before December 31, 2016; the previous tax credit cap no longer applies.
Maryland Solar Energy Grant Program
$1,000 grant (flat per installation/household incentive) for Solar Photovoltaic System.
Visit the Maryland Energy Administration website for more information.
Property Tax Credit Program
Database of State Incentives for Renewable & Efficiency (DSIRE, http://www.dsireusa.org/) is a comprehensive source of information on state, local, utility and federal incentives and policies that promote solar energy. For the latest property tax credit, please visit DSIRE.
Solar Renewable Energy Certificate
A Solar Renewable Energy Certificate (SREC or ess-wreck), is a tradeable instrument that represents the environmental benefits of electricity generated from renewable energy sources. One SREC represents one megawatt hour of electricity.