Maryland Incentives

START HERE FOR INFORMATION 

1. Complete Overview on the Basics on Renewable Energy in Maryland. 
Maryland Energy Administration Renewable Energy Complete Overview

https://mde.maryland.gov/MarylandGreen/Documents/Solar-Webinar-Presentation.pdf

2. START HERE FOR NEW CUSTOMERS >> Global Solar Project Customer Document

Solar Renewable Energy Certificates Including Video on Declining SREC Prices to $50 in 2023

SRECs may be sold as an additional revenue stream.  SRECs may sell at a premium.

PSC website: Solar Certification Process Login
http://pscwebapp2.psc.state.md.us/newintranet/solarapp/login_new.cfm

PJM-EIS Generation Attribute Tracking System website:
https://www.pjm-eis.com/

SREC Trade (one year historical graphic):
http://www.srectrade.com/srec_markets/maryland

Maryland SREC OVERVIEW
https://programs.dsireusa.org/system/program/detail/5688/solar-renewable-energy-certificates-srecs

 

THIS LINK OUTLINES DECLINING SREC PRICES TO $22.35 in 2030

https://www.srectrade.com/markets/rps/srec/maryland

SREC PRICES

Net Metering

NET METERING:

The facility is billed based on the net energy used from the grid, NET energy equals energy used minus energy produced by qualified renewable sources.

  • Essentially uses the electric grid to store excess energy and produce it on demand with 100% storage efficiency.

  • Net metering authorized at up to 200% of annual energy use.

  • Net metering limited to <=2 MW projects.

  • Current Maryland limit is 1,500 MW.

  • Virtual Net Metering allows the solar source to be remote from the load. Community Solar is a form of Virtual Net Metering.