Maryland SREC Program

The Maryland SREC Program lets Maryland solar owners sell renewable energy credits generated by their system, tracked as a solar incentive in DSIRE. Eligibility is scoped to residential customers, with a stated benefit of Market rate ~$60/SREC. DSIRE lists no scheduled sunset, though enabling legislation and appropriations can still be revised year to year.

That baseline is slower than most states, which raises the stakes for every incentive on the table. Maryland averages 4.5 kWh/m²/day of usable sunlight and residential rates of 16¢/kWh, producing an estimated 7,884 kWh/year and $1,261 of annual utility offset on a typical 6 kW system costing $18,000. That baseline already implies a 14.3-year simple payback and a 25-year modeled net of roughly $13,525 before this incentive - every dollar this srec / renewable credit delivers compresses that payback further.

A handful of other levers are worth checking alongside this one. Maryland has 5 solar incentive programs indexed in DSIRE, including adjacent options like MD Solar Property Tax Exemption, MD Net Metering, MD Residential Clean Energy Rebate. The state's net-metering policy is classified as full, which governs how excess generation is credited and often decides whether a given program is worth claiming for a specific household.