Bright Eye Solar is regionally located with expertise in both residential solar panel installation for Maryland homes and commercial solar panel installations for your Maryland Business. We’ll help you choose the right options for your unique energy needs and provide guidance as you pursue financial incentives. Contact us today to get started with the Maryland solar experts!
Solar Panels for Homes in MD
Bright Eye Solar LLC provides residential solar energy and solar installation in Pennsylvania, Maryland and New Jersey. Contact us directly to start working with one of the best teams in the business to find the right products, financing and installation time for you.
Maryland’s Many Tax Incentive Programs
Residential solar in Maryland is getting a big boost thanks to a significant number of incentives and savings for homeowners. Here’s just a look at a few of the incentives that might be available to you and your home.
Maryland Residential Clean Energy Grant Program
Maryland offers a $1,000 grant for the installation of solar systems that are up to 20kW. Grants are available for residential solar installation in MD, so you can likely qualify.
City and County Savings
In Maryland, different locations add on their own benefits. This can include the city of Baltimore, or counties like Prince George’s out near Washington, D.C. Here is just a quick look at some local area benefits for residential solar in MD:
- Anne Arundel has a one-year property tax credit of up to 50% for solar panel installation, though it tops out at costs up to $2,500.
- Baltimore offers a property tax credit of up to 50% of total installation costs, or $5,000 — whichever is lesser. The credit maximum can go higher or lower here, because it’s based on property tax values.
- Harford offers up a property tax credit of up to $2,500.
- Prince George’s County provides a property tax credit of up to 50% of total installation costs up to $5,000.
The state also offers Solar Renewable Energy Certificates (SRECs) that allow you to sell electricity to local utility providers. Maryland utility companies have to reach a certain level of SREC to meet state energy diversity demands. Every 1,000 kw hours is worth a credit that provides savings on your electricity bills. In the first quarter of 2016, Maryland’s SREC values averaged about $35.
And Don’t Forget Federal
Solar panels for homes in MD can also get federal benefits, creating even greater savings. Federal rebates cover 30% of your installation price through your annual tax return. You’ll receive your money as a tax rebate, and you can roll over the credit to the following year if it negates your liability.
Embrace the Maryland Sun
Residential solar installation is common in MD because the majority of the state has more than 200 sunny days each year. It’s often warm, direct sunlight thanks to local currents that keep clouds moving away on sunny days.
Bright Eye Residential Solar Panels for MD
Bright Eye Solar LLC has been creating amazing solar experiences for residential customers throughout Maryland, Pennsylvania and New Jersey. Our experts can help you determine the right system for your home, estimate your annual savings and ensure a safe installation that keeps your property protected so you can start saving money right away.
When you’re ready to learn more, contact Bright Eye Solar to see the light.
Bright Eye Solar is also the experienced Maryland solar panel installer! We understand the financial incentives available to your business and will work with you to create the best strategy to save you money and create renewable energy.
Significant Savings Await in Maryland
Commercial solar panels in MD deliver cost savings, and they’re seeing a major increase in adoption. Maryland has made significant investments in solar and wants its businesses to do the same.
Grants for Commercial Solar in Maryland
A Maryland-Eligible Renewable Energy Credit is available to businesses because the state has set a goal of increasing the renewable energy it provides and the renewable energy that businesses use in the state. By working with the state government, companies installing commercial solar panels in MD gain access to state discounts and help with applying for federal savings.
One federal program available to businesses using commercial solar in Maryland is the Modified Accelerated Cost-Recovery System (MACRS), which allows businesses to recover investments in solar technologies through depreciation deductions as five-year property.
On the state level, the Commercial Clean Energy Grant Program offers a variety of savings to businesses based on solar capacity. If your business installs units that provide up to 99.99 kW, you can receive an award of $60 per kW to go toward the installation of your solar photovoltaics. If your system ranges between 100 kW and 200 kW, the award drops down to $30 per kW for every kW over the first 100.
The great news in Maryland is that commercial solar provided for water-heating systems are eligible for grants of up to $20 per square foot, with a total award capped at $5,000.
We’ll Help You Meet Maryland’s Requirements
Maryland has set specific requirements for your business to be eligible for these grants. Bright Eye Solar has been working in the Maryland market for years, and we have plenty of experience helping businesses meet requirements to reduce the costs for solar installations. We’ve provided some of the grant requirements below:
- Installations must be located in Maryland.
- A project may not receive more than one grant.
- Applications have to be submitted to MEA within 12 months of installation.
- MEA cannot offer grants to a property held in a trust.
- Multiple projects on contiguous parcels of property will be considered one project.
The requirements are straightforward in some cases and much more complex in others, so it can be difficult to choose which grant to target for your installation. We know solar panels for businesses and can help you find the right path to a more environmentally friendly business that your customers will love.
Ready to learn more? Contact us today for help deciding how your business can save with solar.