Electricity Rates in Maryland

Roughly 21.15% of the electricity providers in Maryland offer net metering to their customers. The state has highly favorable net metering and feed in tariffs that make solar and other types of electricity generation more affordable.

There are 6 electricity companies in Maryland that reported energy loss, including Baltimore Gas & Electric, Southern Maryland Electric Cooperative, and Choptank Electric Cooperative. Combined, these 6 electricity providers average an annual energy loss of 0.33% of electricity produced. The nationwide average is 2.87%, meaning Maryland ranks best in the country for energy loss efficiency.

States that want to encourage home installs of solar can do so by passing tax and rebate incentives. Citizens of Maryland are only offered a very limited tax credit for solar panels installs. Customers are able to apply for rebates of $500 or less for solar panel installs. Fortunately, Maryland offers a 100% tax exemption to consumers who wish to purchase solar. The state offers a 100% sales tax exemption to homeowners who purchase solar panels. This is great news for everyone in the state.

State level initiatives are a large part of whether a state is friendly towards customers searching for renewable energy sources. Many states require green fuels to make up a percentage of the fuel used for electricity generation by electricity companies in the state. These stipulations are referred to as Renewable Portfolio Standards (RPS). Electricity suppliers in Maryland are required to generate a minimum of 25% of their electrical output using renewable fuel sources. Additionally, there are currently no low income solar programs to assist low income families to install solar panels.