It pays to conserve energy, literally. State and federal incentives and tax credits are available to homeowners who make energy efficient home improvements. From Energy Star appliances to solar panels there are dozens of ways to make your home more energy efficient, helping you to save money (and the planet) every month.
Federal Tax Credit
If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Federal Tax Credits for Consumer Energy Efficiency have allowed tax credits for projects such as insulation, efficient windows and doors, and efficient heaters. Solar energy systems, residential wind turbines, and geothermal heat pumps may also tax credits. These programs change annually, so please see www.energystar.gov for details.
Maryland Energy Incentives
The Maryland Energy Administration operates several energy incentives for businesses and homes. Incentives include renewable energy, energy efficiency, and green building.
Maryland Energy Administration incentives webpage for more details about state tax credits.
Howard County Renewable Energy Tax Credit
Howard County implemented a renewable energy tax credit to jump start the industry in Howard County and create green jobs. The 4 year program encouraged homeowners to purchase and install solar and geothermal energy systems for their homes.
Howard County High Performance Buildings
Howard County offers tax credits to new construction and existing buildings with LEED platinum, gold, or silver certification. Find out more about the LEED tax credit.
BGE Smart Energy Savers Program
BGE has a program to provide residents with rebates for residents who get energy efficient upgrades on certain appliances. More information can be found here.
BGE Peak Rewards
BGE’s Peak Rewards program is designed to help ease the “peak” demand for electricity in the Mid-Atlantic region. If you have central air conditioning or an electric heat pump you can get up to $100 in bill credits plus a first year bonus and save even more by using a programmable thermostat.
BGE residential customers can choose either a programmable thermostat or a switch professionally installed. Then you agree to help ease high electricity demand by allowing BGE to “cycle” your air conditioning on and off from time to time, typically during the summer months when electricity demand is at its peak. If you enroll, you choose which level you are comfortable with; 50%, 75%, or 100% cycling.