Maryland Premier Solar operates in both the public and private sectors, bringing the advantages of solar energy to residential, commercial and industrial clients, non-profit organizations, schools, municipalities, and government agencies.
We specialize in designing, building and integrating Solar Electric (Photovoltaic-PV). We are based in Rockville, Maryland therefore we are your local professional solar installation and service contractor in the Washington DC Metropolitan Region.
What makes us unique and well qualified as a solar installer is our position given our experience and thriving commendable service as a trusted seasoned roofing contractor. We owe this to our on-going commitment with a great amount of emphasis with continuing education, manufacturer trainings and certifications.
While many solar companies have come into the market, many do not understand the effects solar arrays have on their roofs. There are important factors to consider when you decide to go solar with first and foremost... your safety and everyone around of where the solar system rests. One must consider roof weight load capacities, sloped roofs and even existing damaged roofs. Your solar system's efficiency is dependent on a solid foundation it's on to utilize it's optimal performance.
As your professional installer, we will consider all safety aspects of installing a productive, healthy, money saving solar system that's not only great for the environment but also makes economic sense for you. This in turn gives you peace of mind knowing proper installation and operation of your solar system is done right the first time leaving you worry free of otherwise costly damages that could easily be overlooked by a typical solar company.
Solar Incentives and Financing101:
SREC Financing Options
There are a number of financial incentives available to help you reduce the cost of a solar project and improve your return on investment. In addition to federal tax credit of 30% of the cost of solar system and state incentives, one of the best ways you can improve your solar project’s economics is to monetize the SRECs associated with your solar project. This page provides you with an overview on SRECs and options available to you.
What are solar renewable energy credits or SRECs?
Solar renewable energy credits (SRECs) are tradable credits that represent all the clean energy benefits of electricity generated from a solar energy system. Each time a solar energy system generates 1,000 kWh (1MWh) of electricity, an SREC is issued which can then be sold or traded separately from the power.
The value of SRECs in a given state is quantified by three major factors:
RPS Compliance Fee Schedules
Compliance fee schedules dictate how much energy suppliers must pay for each SREC they fail to produce or acquire. As a result, SREC prices usually trade at or below the dollar amount of these compliance fees. In some states the fee remains the same dollar amount year over year while in other states, like New Jersey and Ohio, the fee decreases over time which will result in a decrease of the price for SRECs over time.
SREC supply will increase in the coming years. As solar panel prices fall, solar will become more affordable and more popular. As more solar systems are installed, more SRECs will be available on the market. Additionally, as credit markets continue to improve, more large projects will become financeable and built, resulting in more SRECs. Both of these trends will put downward pressure on SREC prices.
SREC demand will also increase in the coming years. The demand for SRECs in a given state is set by RPS legislation that determines the overall number of SRECs energy suppliers are required to acquire each year, and this number quickly increases year over year in every state with an RPS. Because SRECs are a compliance commodity, if there are more SRECs supplied than demanded in a given state market, the pricing for excess SRECs will likely be equivalent to pricing seen on voluntary SREC markets.
Because of these factors, SREC values can vary dramatically from state to state. To find out more information about the requirements in your state, please visit www.dsireusa.org.
How can I monetize my SRECs?
Most residential and commercial system owners have limited options for selling their SRECs. Energy suppliers are not typically willing to engage directly with small system owners and most system owners have little price leverage. That’s why we have partnered with Sol Systems (www.solsystemscompany.com), the largest SREC aggregator in the country, to provide you with reliable financing solutions that are tailored to fit your needs.
How Solar Works
Turning the Sun’s Energy Into Usable Power Happens in Several Steps
1) Solar panels collect energy from the sun and convert it into DC power.
2) The DC power from the solar panels is sent to a solar inverter, where it is converted into AC power for use in your home.
3) AC power travels from the solar inverter to your electrical breaker box.
4) The utility meter measures your electrical supply. When your solar energy system produces more power than you need, the meter literally spins backwards as that power is sent to the grid for others to use. Your next utility bill is credited for the power you’ve added to the grid.