Solar Incentives in Calvert County

Solar Incentives in Calvert County

The state of Maryland faces high electricity costs, ranking 13th highest priced residential electricity in the U.S. With the average cost increasing by 4.35% annually, many homeowners are seeking alternatives to traditional electric companies. Solar energy offers a viable solution, made even more affordable through various State, Local, and Federal incentives.

In this article, we will explore the different incentives available in Calvert County, Maryland, that can help you save thousands on your electric costs! See the list below and please don’t hesitate to reach out with any questions!

Incentives in Calvert County

  • Federal Tax Credit: The federal tax credit for solar allows you to deduct 30% of the cost of a solar system installed between 2022-2032 from your federal income taxes. For example, if your solar system costs $36,000, you can save $10,800 immediately.

 

 

  • Solar Renewable Energy Credits (SRECs): Your system will produce electricity measured in kilowatt-hours (kWh). For every 1,000 kWh that you produce, you will receive one Energy Credit. These credits are currently being sold for around $50-$60. Over a typical solar system's 30-year lifespan, you can earn thousands of dollars!

 

  • Net Metering: During the day, when your solar panels generate excess electricity, it flows back into the grid, spinning your meter backward and earning credits. These credits can offset the cost of electricity consumed from the grid at night or on cloudy days, effectively lowering or even eliminating your overall electricity bill.

 

  • Property Tax Exemption: Solar systems are exempt from state and local property taxes, meaning your property taxes cannot increase due to the installation of a solar system.

 

  • Sales Tax Exemption: Solar systems are exempt from sales tax, reducing the overall cost of the system.

Eligible Areas

All the incentives listed above can be redeemed in Calvert County, which includes (but is not limited to) the following areas:

  • Broomes Island

  • Calvert Beach

  • Chesapeake Ranch Estates

  • Drum Point

  • Dunkirk

  • Huntingtown

  • Long Beach

  • Lusby

  • Owings

  • Prince Frederick

  • St. Leonard

  • Solomons

  • Chesapeake Beach

  • North Beach

Summary

These incentives make switching to solar more affordable, but it's important to determine if solar is right for your specific situation. Various factors influence the financial viability of solar energy for your home. We can help with that. As a local company, we believe in serving our customers fairly and honestly. Reach out today, and we can help determine if solar is the right choice for you!