Maryland offers strong solar economics with good electricity rates, state grant programs, and BGE/Pepco net metering supporting adoption.
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Maryland provides excellent solar economics: With 15¢/kWh electricity rates and 4.3 daily peak sun hours, the Old Line State offers strong conditions for solar adoption. BGE and Pepco serve major markets with good net metering policies, and state grant programs enhance returns.
For Baltimore and DC area residents, solar systems typically pay for themselves in 8-10 years. State renewable energy grants and good electricity rates create compelling solar economics.
| Incentive | Amount | Status |
|---|---|---|
| Federal ITC | 30% of system cost | Active |
| BGE/Pepco Net Metering | Full retail rate | Active |
| Maryland Clean Energy Grant | Up to $1,000 | Available |
| Property Tax Exemption | 100% of added value | Active |
| System size | Gross cost | After ITC & grants | Annual savings | Payback |
|---|---|---|---|---|
| 6 kW | $18,300 | $11,810 | ~$1,380/yr | ~8.6 years |
| 8 kW | $24,400 | $16,080 | ~$1,840/yr | ~8.7 years |