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Maryland General Assembly Passes Solar RPS Acceleration Bill

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In an effort to take a firmer commitment towards a clean energy future, the Maryland Senate passed legislation (37-9) that will accelerate the requirement of 2% solar energy generation in Maryland by two years. As mentioned in a previous blog by Sol systems, SB791/HB1187 were drafted to address potential SREC market volatility caused by the design of the former Renewable Portfolio Standard. Termed by supporters as the Solar Jobs Bill, Maryland can expect over $3 billion in investments to the state, as well as the creation of over 10,000 jobs- volumes significantly higher than those of the previous RPS.

Sol Systems currently offers three types of SREC agreements for Maryland solar systems (both photovoltaic and solar thermal): Sol Brokerage, Sol Upfront, and Sol Annuity. Please email info@solsystemscompany.com or contact your solar installer for more specific pricing.

About Sol Systems
Sol Systems is a solar energy finance and development firm that was built on the principle that solar energy should be an economically viable energy solution. With thousands of customers and hundreds of partners throughout the United States, Sol Systems is the largest and oldest SREC aggregator. We provide homeowners, businesses, solar installers, and developers with sophisticated financing solutions that help make solar energy more affordable. Sol Systems also helps energy suppliers and utilities manage and meet their solar RPS requirements efficiently by providing them with access to diverse portfolios of SRECs. For more information, please visit http://www.solsystemscompany.com.


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