Maryland Solar Installer

Federal Solar Credits and Incentives

• Thanks to new legislation, the federal tax credit is increased to 30% of your solar installation’s price. What’s more,  you can can now either take it as a  federal income tax credit, or as a tax refund, or sell it. (You’ll need to include form 5695 with your Federal Tax return. )
• Also, thanks to that new legislation, you can now take 30% on backup batteries as well, provided you either install them with your solar panels or have them retrofitted up to a year later.
• USDA REAP program – Grants up to 20% of installation cost for farms or small businesses located in areas of 50,000 or less population
• USDA High Energy Cost Federal Grant Program – Grants of up to $5 million.
• IRS Residential Energy Conservation Subsidy Exclusion – 100% subsidy for energy efficient improvements, including solar, to single- and multi-family residences
• Residential Energy Efficient Tax Credit – Federal Energy Incentive – Up to $1500 for residential energy efficiency improvements including solar.
• The Modified Accelerated Cost Recovery System (MACRS) lets businesses depreciate solar equipment over just five years.

Maryland Solar Credits

Between the state tax credit and the 30% federal energy-saving tax credit, you can save about half the cost of of your home’s backup battery storage system.

• Maryland State Income Tax Exemptions – To begin with, Maryland offers a 6% sales tax exemption on solar energy equipment. What’s more, when your completed solar system adds property value to your house your added value is exempt from state and local property taxes.
• The state’s Residential Clean Energy Rebate of $1,000 applies to systems over 1kW on primary residences. (You have 12 months to apply for the rebate, and we’ll be glad to hep you with the paperwork.)
• Energy Storage Income Tax Credit – If you install battery backup, you get a state tax credit worth 30% of the installed cost, up to $5,000.
• Maryland Solar Renewable Energy Credits – As a Maryland homeowner, you receive Solar Renewable Energy Credits for every megaWatt-hour of electricity your system generates (even when you use that electricity yourself). The value of your SRECs varies with market conditions, but it’s all pure profit.

Local Property Tax Credits – Anne Arundel, Baltimore,  Carroll, Harford, Howard, Montgomery, and Prince George’s Counties all offer property tax credits. These range from 50% to 80% of assessed property taxes with maximums of $5,000 to $5 million.

Most Milestone Solar customers report their electric bills are about half what they used to be.

WHAT TO DO DURING A POWER OUTAGE

• Check your breakers and fuses.
• Check to see if your neighbors have lights.
• Report the outage.

• Stay calm and stick together
• Turn off any electric ovens, ranges or space heaters you may have been using.
• Unplug sensitive home electronics that surges can damage when the power returns.
• Stay clear of downed power lines or electrical equipment where there’s standing water.
• Prevent possible fires by using flashlights instead of candles.
• Don’t use gas ovens or ranges to heat your home.
• In winter, keep your home as warm as possible by closing off unused rooms and not opening any doors unless you need to.
• Keep your refrigerator and freezer cold by keeping them closed.
• Protect your family from exhaust fumes by never, ever, running a generator inside your home, basement or any other indoor space.

WHAT TO DO BEFORE A POWER OUTAGE

Why not call 866-688-4274 or click here to learn how a Milestone Solar system with a sealed, maintenance-free battery backup can power your essential appliances during a blackout, day or night.

You’ll get straight facts and honest answers (never salesmanship and hype) about whether solar is right for your home or business.l