Did you know that Maryland’s commitment to renewable energy benefits you beyond environmental concerns? In fact, it allows you to make a smart financial move. That’s right! When you choose to switch to solar power energy in Maryland, you can make money back with the Maryland Solar Renewable Energy Credit (SREC) program. This program offers residents the chance to earn passive income in addition to embracing renewable energy!
The SREC program allows homeowners and businesses owners that install solar panels to earn Solar Renewable Energy Credits (SRECs) based on the energy production of their panels. For every 1,000 kilowatt-hours generated, one SREC is earned.
SRECs can be used like stocks; you can hold onto them or sell them. Each certificate is currently worth about sixty dollars. Banks and financial institutions manage these transactions on the owner’s behalf. This hands-off approach gives individuals the chance to enjoy passive income without the stress of actively managing it.
SRECs can be held for up to five years. This provides flexibility when choosing when to sell for maximum profit based on the favorable conditions in the market.
Maryland’s SREC program empowers residents to switch to sustainable energy while making passive income, offering a win-win offers a win-win solution and an investment in the future. Do you live in Maryland? Are you ready to switch to solar power energy? If so, give us a call today!
