Solar Panels in Maryland (2026): Cost, SRECs, and a Net Metering Deadline

What rooftop solar costs in Maryland now that the federal credit is gone — SRECs, the state's tax exemptions, and the 2027 deadline on today's net metering deal.

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On this page
  1. Is Solar Worth It in Maryland in 2026?
  2. Maryland Electricity Prices Keep Climbing
  3. The Maryland Sun, Month by Month
  4. What Solar Costs in Maryland in 2026
  5. Estimate Your Maryland Payback
  6. Maryland Solar Incentives in 2026
  7. Net Metering in Maryland — and Its 2027 Deadline
  8. How to Go Solar in Maryland
  9. Sources

Is Solar Worth It in Maryland in 2026?

Maryland sits at 39.2°N — not the sunniest state, but not a bad one either, with about 213 sunny or partly sunny days a year and solid production once you account for the angle of the sun this far north. A well-placed system here produces roughly 1,324 kWh per installed kilowatt per year around Baltimore. That's less than you'd get in Arizona or Florida, but Maryland makes up for it somewhere else: electricity prices. At 19.5 cents per kWh, Maryland homes pay well above the national average, and every cent you don't buy from BGE or Pepco is a cent your panels earned back faster.

2026 changed the federal math everywhere, and Maryland is no exception. The 30 percent federal tax credit that used to shave thousands off a new system ended for installs completed after December 31, 2025. What's left is a Maryland-specific mix: no sales tax on equipment, no property tax bump for the value panels add, and — unusually for most states — an SREC market that pays you separately for every megawatt-hour your system generates. Net metering is still full retail-rate today, but a new law has put a real clock on that deal. This page walks through Maryland's numbers so you can decide with your own bill in hand, not a sales pitch.

Maryland Electricity Prices Keep Climbing

Solar is a bet against future electricity prices — every kilowatt-hour your roof makes is one you don't buy from the grid. Maryland's trend makes that bet look better than in most states. Here's the last several decades, from federal EIA data.

Full Maryland electricity price data (1990–2025)
YearMaryland (¢/kWh)US avg (¢/kWh)
19907.27.8
19917.98.0
19928.08.2
19938.28.3
19948.48.4
19958.48.4
19968.38.4
19978.38.4
19988.48.3
19998.48.2
20008.08.2
20017.78.6
20027.78.4
20037.78.7
20047.89.0
20058.59.5
20069.710.4
200711.910.7
200813.811.3
200915.011.5
201014.311.5
201113.311.7
201212.811.9
201313.312.1
201413.612.5
201513.812.7
201614.212.6
201714.012.9
201813.312.9
201913.113.0
202013.013.2
202113.113.7
202214.515.0
202316.616.0
202417.916.5
2025 *19.517.3

Source: US EIA, average residential retail electricity price. Values in cents per kWh. * 2025 is preliminary.

Maryland residential rates have climbed roughly 130 percent since 2005 — one of the steeper increases on the East Coast — and the pace over just the last decade has run about 3.5 percent a year. Some of that traces back to Maryland's dependence on the regional PJM grid and its exposure to natural gas price swings; some traces to transmission and grid-modernization costs utilities pass through to ratepayers. Nobody can promise the line keeps climbing at exactly this rate, but a state that has more than doubled its residential rate in twenty years gives solar a real tailwind that a flatter-rate state doesn't have.

The Maryland Sun, Month by Month

Panels respond to how high the sun climbs and how long it stays up, not to air temperature. At 39.2°N, Maryland's winter sun sits noticeably lower than Florida's or Georgia's, which is part of why annual production per kilowatt trails the Sun Belt. But summer days run long, and the state's roughly 213 sunny/partly sunny days a year are enough to make solar pencil out when paired with Maryland's above-average rates.

Maryland monthly solar production data
MonthkWh per installed kW
Jan93
Feb103
Mar120
Apr124
May126
Jun122
Jul127
Aug122
Sep109
Oct105
Nov92
Dec82
Year1324

Source: NREL PVWatts typical-year estimate (Baltimore), per installed kW at latitude tilt.

The practical takeaway: expect a wide swing between a strong June and a weak December — wider than what a Florida or Texas homeowner sees. Size your system around your annual usage, not your best month, and let net metering carry summer surplus into the darker months while it still pays full retail credit.

What Solar Costs in Maryland in 2026

Most residential installs in Maryland run about $2.65 to $3.20 per watt before incentives, with current quotes clustering around $2.65 to $3.00. The panels are a fraction of that number — the rest is inverter, racking, labor, permitting, and the installer's margin. With the federal credit gone, the number an installer quotes you is very close to the number you'll actually pay.

System SizeTypical 2026 CostRoughly OffsetsFits
5 kW$13,250 to $16,000~6,620 kWh/yr (~$108/mo at 19.5¢)Smaller home, lower usage
8 kW$21,200 to $25,600~10,600 kWh/yr (~$172/mo)Average-to-larger home
12 kW$31,800 to $38,400~15,900 kWh/yr (~$258/mo)Large home, closer to Maryland's ~14 kW average system

Maryland's reported average installed system is larger than many states' — around 14 kW — which puts a typical full install closer to $31,000 to $42,500 before any incentives. Maryland's sales tax exemption (below) is already baked into most installer quotes, so compare price per watt across at least three bids rather than assuming any one number is the "real" Maryland price.

Estimate Your Maryland Payback

The calculator below is set to Maryland's average electricity rate and typical Baltimore-area sun production. Enter your own monthly bill to see an estimated system size, payback period, and 25-year savings. Maryland rates have grown about 3.5 percent a year over the last decade — a reasonable starting point for the inflation field, though you can drag it higher or lower to test your own assumptions.

Pro Tip: Add your expected SREC income as a separate line when you compare quotes, not folded into the sticker price. SREC prices float on an open market, so an installer who bakes in an optimistic SREC estimate to make payback look shorter is doing you a disservice — get the certificate value as your own separate, conservative estimate.

Maryland Solar Incentives in 2026

Here's what's gone, what survived, and what's genuinely Maryland-specific.

  • Gone — the 30 percent federal credit: The federal Residential Clean Energy Credit ended for installations completed after December 31, 2025, with no phase-out. If a quote still nets out a 30 percent federal credit, the installer hasn't updated their numbers for 2026 — ask what else in the pitch is stale.
  • Still here — sales tax exemption: Maryland Tax-General §11-230 exempts solar energy equipment (panels, inverters, racking, wiring, and installation hardware) from the state's 6 percent sales and use tax. It's applied automatically at purchase — no separate paperwork.
  • Still here — property tax exclusion: Maryland Tax-Property §7-242 fully excludes qualifying residential solar equipment from your property assessment. Installing panels does not raise your assessed value or your property tax bill.
  • SRECs — Maryland's real edge: Maryland's Renewable Portfolio Standard includes a solar carve-out, so utilities must buy Solar Renewable Energy Certificates to hit their targets. Your system earns one SREC per megawatt-hour generated, sellable on the open SREC market — typically $3,000 to $4,000 in cumulative value over a system's life, on top of your own bill savings. Prices float with the market; this is not a fixed rebate.
  • Capped and likely unavailable — Maryland Solar Access Program (MSAP): A Maryland Energy Administration grant of $750 per kW DC, capped at $7,500, for income-eligible households (up to 150% of area median income). FY26 funding is nearly exhausted; treat it as waitlisted pending FY27 funding rather than money you can count on.
  • Check locally — county tax credits: Anne Arundel County offers up to $2,500 and Baltimore County up to $5,000 in local energy conservation device credits, on top of the statewide exclusion. Ask your county's tax office what applies.
Don't count on MSAP: As of mid-2026, the Maryland Solar Access Program is roughly 99 percent reserved and its application window closes June 5, 2026 or whenever funds run out — whichever comes first. If an installer's quote leans on this grant to make the math work, get it in writing that you actually qualify and that funding is still open before you sign anything.

Net Metering in Maryland — and Its 2027 Deadline

Net metering credits you at the full retail rate for solar power your panels send back to the grid beyond what your home uses at that moment. Maryland's version, administered by the Maryland Public Service Commission and mandatory for BGE, Pepco, Delmarva, Potomac Edison, and SMECO, is genuinely generous: true 1:1 retail credit, and unused kWh credits now roll forward indefinitely — Maryland eliminated the old forced April cash-out at avoided-cost pricing.

But this program is not permanent, and the end date is now written into law. The Utility RELIEF Act of 2026 (HB1532) doubled the statewide net-metering cap from 3,000 MW to 6,000 MW and set a firm sunset: the current 1:1 program terminates July 1, 2027, or sooner if the new cap fills first. Systems already in the interconnection queue with a paid deposit are grandfathered even after that date. Afterward, the PSC must stand up a successor program for systems under 5 MW — expected to pay for grid value rather than full retail, at a materially lower rate. The PSC owes lawmakers a report with recommendations by December 15, 2026, but the replacement rate itself isn't set yet.

The practical read: install in 2026 and you get today's full 1:1 deal. Wait until 2028 to decide, and you may sign up under whatever replaces it — almost certainly worse for the homeowner. That's a real, dated reason to move, not vague pressure.

How to Go Solar in Maryland

Work through these in order before you sign anything.

  1. Pull your last 12 power bills and calculate your average monthly cost — at 19.5¢/kWh, even modest usage adds up fast.
  2. Confirm your roof faces south, east, or west with minimal shading; north-facing or heavily shaded roofs rarely pay off even at Maryland's high rates.
  3. Check your roof has at least 10 to 15 years of life left, or budget to replace it first — see our roofing guide for what to look for.
  4. Get at least three quotes, compare price per watt, equipment, and warranties, and confirm none of them still assume the 30 percent federal credit.
  5. Ask each installer to estimate your SREC income as a separate, conservative line item — not folded into a rosy payback number.
  6. If full retail net metering matters to your math, ask your installer how soon they can get you into the interconnection queue with a deposit, given the July 1, 2027 sunset on the current program.
  7. Confirm your electrical panel can support the new system — see our electrical guide for panel capacity basics.

For the fundamentals of how solar works, sizing, and buying versus leasing, read our main solar panels guide — this page focuses on what's specific to Maryland.

Sources

Figures on this page are 2026-current. Rates: US EIA, Electric Sales, Revenue, and Average Price (2025 values preliminary). Production estimates: NREL PVWatts. Net metering and the Utility RELIEF Act: Maryland PSC — Solar in Maryland and CCAN Action Fund summary of the Utility RELIEF Act. State tax exemptions: Maryland Tax-General §11-230 and Tax-Property §7-242. MSAP grant: Maryland Energy Administration — Maryland Solar Access Program. We review these figures every six months.

Frequently asked

Are solar panels still worth it in Maryland in 2026?

For many homes, yes, but the case rests more on Maryland's high electricity rate and its SREC market than on any tax credit — because there isn't one anymore. At 19.5 cents per kWh, Maryland pays well above the national average, which shortens payback. SRECs add a few thousand dollars in cash over the system's life on top of bill savings. Run the calculator on this page with your own bill and don't assume a credit that no longer exists.

Is there still a federal solar tax credit in Maryland in 2026?

No — not for systems you buy. The 25D Residential Clean Energy Credit (30 percent) was repealed for installations completed after December 31, 2025. The one federal pathway left is third-party ownership: solar leases and PPAs can still capture a separate business credit through 2027, but that credit belongs to the leasing company, not you — it may lower your lease payment, or it may not.

How much do solar panels cost in Maryland in 2026?

Most Maryland installs run about $2.65 to $3.20 per watt, so a 6 kW system costs roughly $16,000 to $19,200 and an 8 kW system about $21,200 to $25,600. Maryland's reported average system is larger, around 14 kW, putting a full install closer to $31,000 to $42,500 before incentives. With the federal credit gone, that quoted price is close to what you'll actually pay.

What solar incentives does Maryland still have in 2026?

Solar equipment is exempt from Maryland's 6 percent sales tax, and the value panels add is fully excluded from your property tax assessment. Homeowners can sell SRECs on the open market for roughly $3,000 to $4,000 in cumulative value over a system's life. The Maryland Solar Access Program grant (up to $7,500) exists for income-eligible households, but FY26 funding is nearly exhausted as of mid-2026 — treat it as waitlisted, not guaranteed. Some counties, like Anne Arundel and Baltimore County, add their own property tax credits.

How does net metering work in Maryland?

Maryland requires BGE, Pepco, Delmarva, Potomac Edison, and SMECO to credit exported solar power at the full retail rate, and unused credits now roll forward indefinitely. But the 2026 Utility RELIEF Act put a firm end date on that deal: July 1, 2027, unless the newly doubled 6,000 MW capacity cap fills first. Systems already in the interconnection queue with a paid deposit are grandfathered. After that date, new solar gets a lower, PSC-designed successor rate.

Should I install solar in Maryland before the net metering deadline?

If full 1:1 net metering is central to your payback math, timing matters here more than in most states. The current program has a real, dated expiration — July 1, 2027 — not a vague sense that rules might tighten someday. Getting into the interconnection queue with a deposit before the cap fills or the date hits is what locks in today's terms; installing in 2028 could mean a materially lower export rate.

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