Rebates, Financing, and Tax Credits – Savings Made Simple!

Are you ready to make your home more energy-efficient but unclear on how to pay for the upgrades? We’ve got you covered! Access the best rebates, financing options and tax credits to help you fund your energy efficiency improvements, keeping more money in your pocket.

Rebates

Start by exploring the EmPOWER Maryland Program. Use the Energy Toolkit to access rebates that can reduce the cost of your energy-saving projects. Whether you’re upgrading your insulation, HVAC system, or appliances, there’s a rebate that fits your needs.

Financing Options

Financing your energy improvements has never been easier with these options:

• Montgomery County Green Bank: This nonprofit organization offers several financing programs to Montgomery County residents:
  • Energy Efficiency Financing: Offered in Partnership with Maryland Clean Energy Center as part of an EmPOWER Maryland supported program. 
  • Renewable Energy Financing: For Montgomery County residential properties, flexible financing is available for solar panel installation. Get a proposal, apply online and join the Clean Energy Credit Union for access to both short and long term loans. Application fees range from $100 to $200 and are rolled into the loan.
  • Access Solar: This program is tailored to Montgomery County homeowners earning $97,500 or less, and is for the installation of either rented or purchased solar panel installations.
• BeSMART Home Loan Program: Available statewide, this program provides financing for energy efficiency upgrades, including appliance replacement, heating and cooling systems and whole-home weatherization. Choose from a list of pre-qualified providers to get started. Check out our BeSMART Home Loan Brochure for more details.
• Net Zero Loan Program: Planning a new construction or a deep energy retrofit? The Maryland Department of Housing and Community Development supports the construction of Net Zero homes throughout Maryland. NetZero home features ​may include advanced energy efficient design and technology, renewable energy resources and a Home Energy Rating System (HERS) rating of 50 or lower. Maryland Department of Housing and Community Development Net Zero Loan Program

Grants

The Residential Clean Energy Grant Program, operated by the Maryland Energy Administration offers grants for homeowners looking to install clean energy systems, such as solar panels and geothermal heating. Note that funds often run out quickly, so make sure you reach out to the Maryland Energy Administration for updated information.

Tax Credits

Maximize your savings with these tax credit options:

• Montgomery County Energy Efficiency Tax Credit: Claim a $250 tax credit for energy-efficient improvements like insulation, HVAC upgrades and window replacements. The credit can be taken once per year for purchases made during that fiscal year (July 1 – June 30). The total amount available annually in the County is $100,000, so apply HERE early. Section 2 of the application applies to the Energy Conservation Devices
  • You can also fill out the application online NOW
  • If you have questions about this tax credit opportunity, please email Finance.propertytaxcredits@montgomerycountymd.gov
• Federal Energy Efficiency Tax Credits: Upgrade your home with energy-efficient products and qualify for federal tax credits. Visit the EPA’s ENERGY STAR® website to learn which products are eligible.