Flett Exchange | Maryland Solar Installation Financial Model

Maryland Solar Installation Financial Model

For a complete explanation of this model's calculations, please see our blog post.

The Maryland Energy Administration (MEA) offers an installation grant to homeowners who have an annual gross income of less than $186,750 (150% of the MD Median Per Capita Income). The grant is available for solar photovoltaic (PV) systems installed on residential properties in Maryland.

Grant Amount: $750 per kilowatt (kW)
Maximum Grant: $7,500 per property

These values are set by the MEA and are subject to change. Always verify the current grant details on the official MEA website.

Contact Information

Name:

Email Address:

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Personal Information

Annual Gross Income ($):

Federal Tax Deductions ($):

Tax Profile:

Financing

Install Financing:

Loan Principal ($): Maximum loan amount: $10000

Loan Payback Period (years):

Rate of Interest (%):

Payment Interval:

System Information

Date of Installation Completion:

System Size (kW): Average Maintenance Cost: $0 per year

Grant amount: $0 of $7,500 (max 10 kW)

Install Cost ($/Watt):

Power and Financing

Regional Power Company:

Net Energy Cost ($/kWh):

Monthly Fixed Cost ($):

YOY Variable Rate (%):

YOY Annual Grid Electricity ($):

Disclaimer: This is for informational purposes only. If you are looking to invest in solar in Maryland, consult the State of Maryland as to the availability of incentives and your accountant for tax incentives.