Solar proponents have been saying that right now is the best time to buy solar for years. They were right. They still are. Maryland has an SREC program (explained in the FAQ) that has benefited solar owners for years. Several years ago, the SRECs homeowners were receiving for owning solar were very valuable, so much so that buying panels at their then high prices still made sense.

Today, while those SRECs have dropped significantly in value, equipment costs have also decreased so much that it makes the same sense to buy as it did when they were high. Maryland recently increased their renewable energy portfolio requirements, which should drive the value of the SRECs back up, making the opportunity now even better than before. Buying now, with decreased equipment costs, the federal tax credit still available, low interest rates, and the likelihood of SRECs rebounding, means a great investment for homeowners.