An energy efficient and carbon emissions-free home is a safer and more comfortable home. Plus, efficient and electric-powered homes typically cost less to run, meaning that you can put your money towards where it matters - like towards retirement or putting your kids through college.
Maryland homeowners can tap into a range of state, federal, utility, and local incentives to help defray the costs of energy efficiency, electrification, or onsite renewable energy measures to existing or new buildings. Through its
Clean Buildings Hub initiative, the Maryland Energy Administration is committed to help owners understand the range of incentives that they may be eligible to receive. Questions may be directed to
building.decarbonization@maryland.gov.
Federal
- Sec. 25C Energy Efficient Home Improvement Tax Credit: Homeowners may be eligible for a tax credit up to 30% (or a $3,200 annual maximum) for eligible energy efficiency improvements, including home energy audits, electrical panel upgrades, heat pumps and heat pump water heaters, and weatherization measures.
- Sec. 25D Residential Clean Energy Tax Credit: Homeowners may be eligible for a tax credit for the installation of new, qualified clean energy measures, including solar electric panels, solar water heaters, wind turbines, geothermal heat pumps, fuel cells, and battery storage technologies.
- Fannie Mae HomeStyle Energy Mortgage: Through a HomeStyle Energy mortgage, homebuyers may use up to 15% of the “as completed” value of the property — the value of the home once the upgrades are completed — for energy improvements.
- Freddie Mac GreenChoice Mortgage: The Freddie Mac GreenCHOICE Mortgage allows homebuyers to finance completed or to-be-completed energy and water efficiency improvements/repairs through the mortgage.
- Federal Housing Agency’s Energy Efficient Mortgage Program: The Energy Efficient Mortgage Program allows homebuyers to finance energy-efficient improvements as part of their Federal Housing Administration (FHA)-insured mortgage.
- Federal Housing Agency’s 203(k) Rehabilitation Mortgage: The 203(k) Mortgage Program allows homebuyers to finance the purchase of a home or homeowners to refinance a current mortgage, combining the cost of renovations, repairs, or remodeling into a single loan. The program can be used for a home that requires structural repairs or major remodeling, including improvements to increase energy efficiency or help protect your home from natural disasters.
State
Utility
Homes located in EmPOWER utility territories may be eligible for rebates and other forms of assistance for energy efficiency and electrification measures. Learn more about EmPOWER Maryland. Participating utilities include:
Local
Income-qualified
The
Maryland Clean Buildings Hub (the Hub), an initiative of the Maryland Energy Administration, empowers Maryland’s building owners to make well-informed energy investments in their properties by connecting them to financial, educational, and technical assistance. Sign up for the Hub newsletter
here.
