Geothermal, Hydropower, Solar

Maryland Gains Solar Energy Incentives

The Solar Energy Industries Association (SEIA) praised Maryland officials for enacting a solar energy grant program that will provide financial incentives to homeowners and businesses that install solar energy devices.

Washington, DC – May 5, 2004 [SolarAccess.com] Governor Robert L. Ehrlich, Jr. signed the legislation, sponsored by State Sen. Rob Garagiola of Montgomery County, into law last week, and the new law will take effect on January 1, 2005, replacing an expiring solar tax credit provision. “This important step by Maryland lawmakers will help clean our air while generating job growth for the state’s workers,” said Scott Sklar, SEIA’s interim Executive Director. “With nearby states like New Jersey aggressively promoting solar energy, it makes sense for Maryland to fight for a piece of this high-growth industry. With an estimated 20,000 new solar industry jobs at stake over the next twenty years, the question is where will those jobs be located-in Maryland, New Jersey, California or Japan?” The new Solar Energy Grant Program will be run by the Maryland Energy Administration, and it will provide grants for solar energy and solar water heating equipment as follows: – The lesser of $3,000 or 20% of the cost for solar electric (photovoltaic) producing equipment on residential property; – The lesser of $5,000 or 20% of the cost for solar electric (photovoltaic) producing equipment on non-residential property; and – The lesser of $2,000 or 20% of the cost for solar water heating equipment. “Senator Garagiola and Delegate Nancy King did great work in getting this bill passed,” said Peter Lowenthal, Director of SEIA’s Maryland-DC-Virginia chapter. “This is a win for the environment and for our local economy.”