Solar Panel Incentives for Businesses
The time for commercial solar power is now. Tax credits, commercial solar incentives, and rebates exist at the federal, state, and local level – you can break even on your solar panel system in as little as two to four years.
Maryland business owners who install a solar panel system on their property before 2016 are automatically eligible for a federal tax credit equivalent to 30% of the total cost of the system installed.
This credit through the American Recovery and Reinvestment Act of 2009 is in addition to the State of Maryland Clean Energy Grant Program, which provides solar owners with a $0.50/watt (up to $50,000) grant to further reduce the up-front cost of the system. Right now, businesses based in Baltimore and Harford counties are also eligible for additional property tax credits. With these combined incentives at an all-time high, the gross system cost and payback period of the solar panel system is drastically reduced. Learn more about Maryland solar incentives.
Reduce your operating costs and lower your energy consumption with solar power for your business. Contact us today with the form on the right!
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“In the long run, solar will reduce rental costs and provide other practical benefits like reflecting heat off of the roof to reduce the need for AC. The solar panel array also acts as a protective layer that extends roof life.”