Estimated Savings for a Typical Maryland Home
Based on a $150/month electric bill
System Size
7.5 kW
Gross Cost
$23,273
Federal Credit
-$6,982
State Incentive
-$1,000
Net Cost
$15,291
Annual Savings
$1,460
Payback Period
10.5 yrs
25-Year Savings
$34,579
CO₂ Offset/yr
9,076 lbs
Maryland Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$1,000
Maryland State Incentive
Maryland offers a $1,000 state grant for residential solar.
Net Metering Policy: Full Retail
Top utility in Maryland: BGE. View full incentives detail →
Solar Costs by City in Maryland
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Baltimore | $1,460 | 11.9 | 585,708 | BGE |
| Columbia | $1,460 | 12.1 | 104,681 | BGE |
| Germantown | $1,460 | 12.7 | 90,552 | PEPCO |
| Silver Spring | $1,460 | 9.5 | 81,015 | PEPCO |
| Waldorf | $1,460 | 11 | 79,183 | SMECO |
| Frederick | $1,460 | 12.7 | 72,800 | Potomac Edison |
| Ellicott City | $1,460 | 10.3 | 72,762 | BGE |
| Glen Burnie | $1,460 | 12 | 69,590 | BGE |
| Gaithersburg | $1,460 | 12.3 | 68,982 | PEPCO |
| Rockville | $1,460 | 10 | 68,028 | PEPCO |
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Quick Facts: Maryland
- ⚡ Avg rate: $0.148/kWh
- 🌞 Peak sun: 4.5 hrs/day
- 🏭 Top utility: BGE
- 📋 Net metering: Full Retail