Solar Incentives & Rebates

There are many opportunities to help you offset the out-of-pocket costs to install a solar generating system. One of the best ways to understand costs and incentives is to use a tool to help you calculate your solar potential. BGE's Solar Calculator helps you assess your rooftop solar potential by combining your historical usage data with solar data in your area to provide a personalized evaluation for your property, including any incentives and credits.

Solar Credits & Tax Credits

Federal and state incentives are offered to BGE customers who choose to go solar. To learn about any incentives you may qualify for, launch our Solar Calculator.

Solar Renewable Energy Credit

Solar renewable energy credits (SRECs), also called alternative energy credits in Maryland, may help customers finance and invest in a solar system. SRECs are created for each 1,000 kWh of electricity produced by a qualified alternative energy source.

The value of SRECs is measured in $/MWh (1MWh = 1,000 kWh). SREC prices fluctuate in value. Because they are bought and sold on an open market, several factors influence their price. The most important thing to know is that SREC prices are determined by supply and demand.

More information about SRECs in Maryland can be found at SREC Trade Inc.

Federal Income Tax Credit

Taxpayers can claim a Federal Income Tax Credit (FITC) of 26% (until January 1, 2021) for qualified expenditures on a solar system that provides electricity to their residence (owned and lived in by the taxpayer). For more information, visit energy.gov.

For a personalized assessment of the credits and rebates you may qualify for, launch our Solar Calculator.

Net Metering Credits

When you have a solar system and are being billed for net metering, you are charged only for the net amount of energy you use during each billing period. In other words, this is the amount of energy we deliver to you minus the excess amount you send back to the smart grid. If you send more energy to the grid than we deliver, you can receive credits on your bill. This program allows you to make full use of your own solar energy system, giving you more control over your energy costs.

Visit our FAQ page for more information about net metering.