Solar Energy Green Power

Tel: (240) 876-6203
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  Federal Income Tax credit for qualifying solar systems is up to 30% of the installed cost. The cost includes making changes or improvements to your existing roof to which the solar panels will be installed. This tax credit does not have a dollar limit as to how big the credit can be.  
     
  Tax credits apply to any solar system installed before December 31, 2016. With a few exceptions, the solar tax credit is not dependent on where the purchase money comes from. The system can be purchased with cash, a loan, second mortgage, or even your credit card. And the tax credit is calculated on the total installed cost of the solar system – including installation charges and interest on any loans used to make the purchase. More good news for your business: your solar investment can be depreciated over 5 years on an accelerated basis based on 85% of the equipment cost.  
     
  In addition to the Federal Tax credit, many State and Local governments encourage investment in Solar Energy by giving tax credits and rebates.  
     
 
MARYLAND Click here for more information
 
     
 
Residential Solar Electric Maryland Energy Administration is allocating a grant with maximum of $ 10,000 for 10kw production. The amount is $ 1.25 per watt for the first 4000 watts, $ 1.00 per watt for the next 4000 watts, and $ 0.50 per watt for the last 2000 watts.
   
Sales and Use Tax Exemption for Renewable Energy Equipment
Incentive Type: Sales Tax Exemption
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Heat Pumps
Applicable Sectors: Commercial, Residential, General Public/Consumer
Amount: 100% Exemption
 
Special Property Assessment for Renewable Heating & Cooling Systems
Incentive Type: Property Tax Exemption
Eligible Renewable/Other Technologies: Solar Space Heat, Geothermal Heat Pumps
Applicable Sectors: Commercial, Industrial, Residential
Amount: Eligible property assessed at no more than the value of a conventional system
 
Solar Energy Grant Program
Incentive Type: State Rebate Program
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Process Heat, Photovoltaics
Applicable Sectors: Commercial, Residential, Nonprofit, Local Government
Incentive Amount: Solar PV: $0.25 - $1.25/W DC Solar
Water Heating: 30% of the installed cost
Maximum Incentive: Solar PV: $10,000
Solar Water Heating: $2,000
Eligible System Size: Solar PV maximum: 20 kW;
Minimum sizes for both solar water heating and solar PV vary by sector.
 
Different counties too offer tax incentives for solar electricity production.
 
Montgomery County - Clean Energy Rewards Program
Incentive Type: Local Rebate Program
Eligible Renewable/Other Technologies: Photovoltaics, Wind, Biomass
Applicable Sectors: Commercial, Residential
Rebate: $0.005 (0.5 cents) per kWh
Max. Limit: Residential: 20,000 kWh/year
Commercial: 400,000 kWh/year
 
Prince George's County - Solar and Geothermal Residential Property Tax Credit
Incentive Type: Property Tax Exemption
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: 50% of eligible costs
Max. Limit: Space Heating: $5,000
Water Heating: $1,500
 
Howard County - Residential Solar and Geothermal Property Tax Credit
Incentive Type: Property Tax Exemption
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Geothermal Heat Pumps
Applicable Sectors: Residential, Multi-Family Residential, Low-Income Residential
Amount: 50% of eligible costs
Max. Limit: $5,000 for a PV or heating system
$1,500 for a hot water supply system
 
Anne Arundel County - Solar Energy Equipment Property Tax Credit
Incentive Type: Property Tax Exemption
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics
Applicable Sectors: Residential
Amount: 50% of the cost of materials and installation less any federal and state grants and state solar energy tax credits
Max. Limit: $2,500
   
VIRGINIA Click here for more information
   
Local Property Tax Exemption Property Tax Exemption available in Alexandria, Fairfax County, Falls Church, Loudoun County, Prince William County.
   
WASHINGTON DC Click here for information
   
 
  Tax information presented in this website should not be treated as final and up to date tax advice and should not be used in any actual transaction without the advice and guidance of a professional Tax Advisor who is familiar with all the relevant facts. You may also visit www.dsireusa.org for more updated information.  
     
Solar Energy Green Power

Phone: 1-240-876-6203 / Fax 1-800-809-0183
Email: selectsolar@gmail.com

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