Maryland · SREC / renewable credit · Deep-stack program
Maryland SREC Program
Lets residential solar owners in Maryland sell credits for the power their system generates -- see the market rate, eligibility, and payback impact below.
- Market rate ~$60/SREC
- stated benefit
- Residential
- eligible customers
- 14.3 yr
- Maryland baseline payback
- 4
- other Maryland programs
Deep-stack program · early directory
Maryland runs a 5-program DSIRE stack; this srec / renewable credit is one layer on a 14.3-year modeled baseline, not the whole story.
- Stack5 programs
- In-state #1/4
- Type #5/7
- Baseline14.3 yr
In-state directory place #1 of 4 (early alphabet). National srec / renewable credit directory #5 of 7. Amounts and eligibility change; verify with the official program page before relying on a dollar figure. Informational only - not financial advice. See our disclaimer.
Program description
Maryland solar owners earn Solar Renewable Energy Certificates for each MWh produced.
Program at a glance
- Program type
- SREC / renewable credit
- Eligible customers
- Residential
- Stated benefit
- Market rate ~$60/SREC
- State electricity rate
- 16¢/kWh
- Maryland solar score
- 29/100
Solar's trajectory in Maryland
The market this incentive operates in: total installed solar capacity in Maryland reported to the EIA.
Maryland's solar incentive stack
How this srec / renewable credit sits among Maryland's 4 tracked programs, by type
- Tax exemption
Tax exemption
1 programs
- Net metering
Net metering
1 programs
- Rebate
Rebate
1 programs
- SREC
SREC
1 programs
What this shows Of Maryland's 4 tracked incentive types, 1 are SREC/renewable-credit programs -- an ongoing revenue stream from generation, distinct from the state's other stacked incentive types.
How this srec / renewable credit layers inside Maryland's deep stack
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.
Maryland bundles a deep incentive stack, so this program rarely stands alone. 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.
Other Maryland incentives
Frequently asked questions
Where does the Maryland SREC Program sit in Maryland's deep program stack?
How does this srec / renewable credit work beside Maryland's other programs?
Who qualifies, and why is this an early in-state directory row?
How does this incentive affect solar ROI in Maryland?
Which other Maryland programs stack with this one?
Incentive data from the DSIRE (Database of State Incentives for Renewables & Efficiency); state solar economics from NREL and the U.S. EIA. See our methodology · Maryland solar data · ROI calculator · All incentives.