Last year, more Americans took steps toward converting their property to solar energy. The onus has fallen on states to continue economic growth through solar power. For Maryland, clean energy projects in residential communities have expanded, in part due to funding programs, ranking it as the 11th state in the US for accessible solar capacity.
Going solar is contributing to a considerable increase in jobs. Solar power in Maryland has proven itself a winning strategy, and residents support green job incentives. The program was touch and go last January, when Governor Larry Hogan vetoed the Green Jobs Act. Fortunately for property owners and residents, the Maryland House of Delegates recently overrode the Green Jobs veto, saving the law and preserving renewable energy programs. This puts Maryland on the road to growing their clean energy economy. Here’s how:
Gains For Businesses
Owner-occupied businesses are taking to solar power in Maryland thanks to the local incentives and federal tax incentives for renewable energy projects. These programs offer good tax breaks and other incentives for wind, hydroelectrical, and geothermal projects, and truly exceptional incentives for going solar. Investments in solar power have unprecedented returns. Businesses of all types can collect free power from atop their factory, retail space, or rental properties.
Benefits To Homeowners
Tax breaks for property improvements and other incentives affect regular homeowners as well as businesses. Going solar means lowered energy bills every month. Even when a solar array is financed, regular American property owners save money on every bill. An extra $50-100 makes a big difference for many household budgets. Plus homes with solar power in Maryland have a higher resale value than comparable properties that rely on fossil fuels.
Green Jobs In MD
Part of the program is focused directly on creating thousands of good-paying jobs. Many programs support companies with the assumption that the funds will translate to good paying jobs. Maryland has earmarked $3 million for the EARN program to use in training 1,500 workers to become skilled contractors in solar energy.
A Cleaner, Greener Maryland
Ecological goals are on par with economic ones. According to the American Lung Association, 75% of Marylanders live in areas that received a D or F air quality grade for ozone pollution. Everybody benefits from clean air and water.
Thanks to the override, residents are still on track for growing available renewable energy sources. The Green Jobs Act is expected to produce 1.3 gigawatts of clean energy that otherwise would have been produced by expensive fossil fuels. Its solar carve-out which was originally planned to be 2% by 2022, is now projected to reach 2.5% two years sooner.
Converting sunbeams into renewable energy does not only entail a greener future, but it’s also creating a local job boom. Incentive driven projects can and do grow our economy, especially when they back the amazing power of solar power.