Going Solar - Maryland
Solar Power Saves in Maryland
Last fact checked on November 1st, 2019 by Elena Zenke
Based on solar savings, Maryland is ranked top 10 in the country for going solar!
The average residential solar system size in Maryland is about 10 KW. The initial cost of that system is typically $27,500.00
If you decide to finance it for zero down to get solar you may finance closer to $30,800.00 based on financing fees. That’s not too shabby when you consider the Federal Government will pay qualified buyers 30% times the cost of your system for an ITC tax incentive of $8,250.00. Maryland will also pay $1,000 for any system size under 20KW. So rake in $9,250.00 in solar savings right off the top! Your system cost could be as low as $18,250.00 after Federal and state incentives. And that’s not all, many local counties offer large property tax incentives for going solar; two popular areas, Anne Arundel county offers up to $2,500 and PG County offers up to $5,000.00 for “WOW” savings!! Even better, Maryland SREC’s have recently been hovering over $62.00 for every 1000 kWh your solar system produces a year. So a 10 KW will likely produce 12,000 kWh per year giving you a whopping $620.00 a year based on market rates. If you want your SREC’s guaranteed for five years, an aggregator SolSystems will pay $40.00 each for a total of $480.00 year. That guarantee’s at least $2,400.00 in payments to you by having solar. And the SREC’s continue at market rate after year five producing ongoing income. So a 10 KW solar system in Annapolis, MD would only cost you $13,350.00 to perhaps wipe out your utility bill for the next 30 years!
You do the math, but your utility company with increasing rates will surely cost a lot more. And best of all, you have protected the price of your electricity because it can never increase in rate once you own your solar system and no longer have to pay for your electricity except for the current $7.90 typical customer service charge to be connected to the grid.
If the purchase is not for you, Circa Energy offers zero down PPA’s where you only pay for the power you receive from solar at much lower cost than the charges by the utility company. This program requires no money out of pocket to get solar installed on your roof.
So it’s time to ask yourself, if the utility company offered you a lower fixed rate for your power would you take it?
By going solar now you can get that lower utility rate at fixed prices! Don’t miss out on the savings!!
Time is running out to install your system by 2020 when the Federal ITC drop’s to 26%. Circa Energy is one of the few companies still managing to complete your install by 2019. Get your solar system install on now!
1125 West St Suite 522
Annapolis MD 21401
About Circa Energy
Circa Energy is a clean power company started by solar people. With over 10 years combined experience, we’re dedicated to making clean affordable energy more accessible to everyone while providing the highest standards in the industry.
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