Maryland Storage Co-op Pilot
What is a Storage Co-op?
The Maryland Storage Co-op is our first co-op that focuses solely on guiding residential homeowners through the process of installing battery storage systems in their homes. For this pilot project, only homes that have solar systems installed previously will be qualified to participate. If you are also interested in installing solar please talk to us about one of our Solar Co-ops in Maryland or how we can help you go solar on your own through membership!
Through our co-ops, we bring homeowners together into a group who are all interested in solar or storage. We will provide unbiased, installer-neutral support to co-op participants through each stage of the process of installing battery storage. Our knowledgeable team ensures you understand how storage works, how it can be financed, and how it can be installed on your home.
Volunteer co-op participants choose an installer on behalf of the entire group through an open and competitive bidding process. The selected installer provides co-op participants a personalized proposal for their consideration.
Why install battery storage now?
Tax credit in Maryland makes storage more affordable.
The Maryland Energy Association (MEA) launched a Tax Year 2018 Energy Storage Tax Credit Program. This program will be available to residential tax payers. The system will need to be installed during the tax year 2018, and the credit is available on a first come first serve basis until the MEA funds for the program runs out ($225,000 for residential installs). The residential tax credit can be valued up to 30% of the cost of the storage system, and no more than $5,000.
Homeowners may be able to take advantage of the 30% Federal investment tax credit.
As a solar homeowner, you may be able to take advantage of the 30% federal ITC on the battery installation. Whether the tax credit is available depends on your system’s configuration and is not guaranteed. You will need to consult with the selected installer and your tax advisor to determine whether you can take this credit.
Storage provides resiliency and backup power.
Solar + storage can provide homeowners with high-quality backup or “premium power” in the event of a utility outage. When the grid goes down, the stored solar power in your battery system will be able to continue to power parts of your home. This is ideal for homeowners in areas with poor power reliability.
Watch our recorded webinar on storage in Maryland!Download the slides
Click here for the MEA tax credit application.
Click here for MEA’s Energy Storage Tax Credit announcement and description.
Important Co-op Information and Updates
Co-op participants are now in the process of reviewing bids from installers. This co-op is still open to new sign ups! Help us spread the word and grow the co-op!