Solar Panel Incentives for Homeowners
There has never been a better time to install solar panel electric systems. If you decide to purchase your system, federal and state governments offer a number of incentives that add up to HUGE savings on the cost of installation and make it easy to earn money from the power your solar panels generate. Don’t worry, we take care of all the paperwork so you take full advantage of these programs – we’ll explain and determine your eligibility as part of our Free Home Analysis, but here are the highlights:
The solar energy that you produce and return to the grid is a tradable commodity that you own. The tradable commodity is known as a Solar Energy Renewable Credit or SREC. We set you up with a third party company that manages the process automatically. You just enjoy the money you earn. Essentially, this is how you sell your energy back to the open market, where 1 SREC = 1 megawatt hour of electricity. Click for more detail.
Get Money Back from your Utility Company with Net Metering
If you generate more electricity than you use, the excess goes back to your utility company, spinning the meter backward and giving you a credit for the electricity your solar panel system generated. In simple terms, net metering allows residential and commercial customers to get money back from their utility company. Click for more detail.
One-Time Credits Greatly Reduce the Cost of Installing Solar Panels
Consumers who install solar energy systems and solar electric systems receive a 30% federal income tax credit for systems placed in service before December 31, 2017
State and Local Solar Energy Grant Programs are in place for the following:
- Solar Systems – maximum award $1,000
- Each county’s program is different but it can add up to $2500 or more in tax credits.
Click HERE for details and updates on Maryland’s solar panel incentives and tax credits
Free Solar Workshop Sept 16 Will Cover the Future for Home Solar
Solar Energy World, the fastest-growing, locally owned and operated Solar System Design and Installation Company in Maryland, is hosting a Free Solar 101 Workshop for area homeowners on Saturday September 16, 2017 from 10:30 AM -12:30 PM at their ElkridgeRead More >
Winter Rate Spikes Are Coming! Why Smart Homeowners Don’t Wait to Go Solar
Energy rates can vary from day to day and even by hour. When consumer demand is low, you will see the best energy prices. This is typically when temperatures are mild. During the winter, energy use increases due to extraRead More >
What Real Solar Workers Say About the Trade Case That Could Cripple America’s Solar Industry
If you want to know how America’s solar workers feel about government decisions that can affect their livelihoods read on. On Tuesday, August 15, 2017 Solar Energy World, Maryland’s Number 1 residential solar company, joined The Solar Energy Industries AssociationRead More >