Commercial Solar Incentives in Maryland

This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer. 

Commercial and Canopy Solar Program

Maryland's Commercial and Canopy Solar Program for Fiscal Year 2027 will open in late summer to early fall of 2026 and offers up to $500,000 (or up to 75% or 90% of project costs depending on your organization type) per grant recipient for commercial rooftop-mounted systems, ground-mounted solar systems, or solar canopies over parking. Funding is awarded on a first-come, first-serve basis, so it is essential that you're connected with a licensed Maryland installer who can support you through the application process. 

Solar Renewable Energy Certificates (SRECs)

Maryland's Solar Renewable Energy Certificate (SREC) program allows commercial solar system owners to earn one SREC for every megawatt-hour (MWh) of electricity their solar system generates. These certificates can be sold to utility companies, creating an additional revenue stream beyond energy savings. 

CONNECT WITH A MD INSTALLER

Select Each Federal Solar Benefit to Read More 

30% Business Energy Investment Tax Credit (ITC) - Deadline to receive credits December 31st, 2027!

The Business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district. Connect with a local installer to find out if you qualify for additional tax credits.

However, your solar system must be completed and placed in service by December 31st, 2027 in order to claim these tax credits. Get in touch with one of our certified installers to learn more about receiving commercial solar incentives. 

 

3-6 Year Average Investment Recovery 

Most commercial solar systems pay for themselves in as little as 3 to 6 years considering tax incentives, energy savings, and depreciation benefits. With a system lifespan of  25+ years, ROI can be substantial. 

15-20% Average Return on Investment 

Exact ROI varies depending on system size, energy consumption, utility rates, and several other factors. Your installer will perform a complimentary analysis of your current energy spend and solar potential to determine your ROI. 

25-Year Equipment Warranties

All of our equipment has been pre-qualified based on reliability and performance history and is fully backed by product guarantees.

There are several federal solar incentives available to business owners in Maryland that can be used in combination with the state's existing solar program. These combined incentives can substantially lower the cost of installing a solar system.

Business Energy Investment Tax Credit (ITC)

The business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district. 

Connect with a local installer to find out if you qualify for additional tax credits. 

Renewable Electricity Production Tax Credit (PTC)

Business owners in Maryland may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.

Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.

Modified Accelerated Cost-Recovery System (MACRS)

Maryland business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.

Maryland Commercial Property-Assessed Clean Energy (C-PACE)

C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.

Rural Energy for America Program (REAP Grant) 

The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.

This grant is only available if you own a small business in an area with less than 50,000 in total population.

Find out if you qualify!

Connect with a local Maryland installer to see which incentives can contribute to your solar system. 

Get Started!