SUNBEAM INNOVATIONS
Maryland pairs a highly lucrative SREC market with direct cash grants and 100% tax exemptions, making it one of the absolute best states in the Mid-Atlantic to invest in renewable energy.
The foundation of your financial savings is the 30% Federal ITC. This allows you to deduct 30% of your total solar and battery system cost directly from your federal income taxes. For a $26,000 system, this translates to a $7,800 federal tax credit. There is no cap, and the credit will roll over to the following year if your tax liability cannot absorb it all immediately.
The Maryland Energy Administration (MEA) offers a direct, upfront cash rebate for homeowners who install qualifying solar systems. Eligible residents can receive a flat $1,000 grant to help offset the gross cost of the installation. SunBeam Innovations manages this application process to ensure our clients secure their funding before annual block limits are reached.
Maryland requires utility companies to produce a set amount of their electricity from solar. To meet this legal requirement, BGE and Pepco buy Solar Renewable Energy Certificates (SRECs) directly from homeowners. For every 1,000 kWh your panels produce, you earn one SREC, which you can sell for cash. This creates a highly profitable, ongoing income stream for the life of your system.
Maryland legally exempts solar equipment from the state's 6% sales tax, lowering your upfront purchase price. Furthermore, under state law, the added equity your Tier-1 solar system brings to your home's resale value is completely exempt from local property tax reassessments.
Our engineers will build a custom solar blueprint engineered for your operation — backed by 30-year linear warranties and Tier-1 equipment.
