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Maryland funding plan will help minority and veteran led businesses adopt solar energy

  • November 05, 2024
The Maryland Energy Administration announced today the launch of a new fiscal year 2025 (FY25) commercial solar subsidy program, which provides significant incentives for Maryland businesses and organizations to help pay for the cost of solar systems, benefiting low - and middle-income communities in Maryland who are burdened and underserved.

The Maryland Energy Administration Director Paul G. Pinsky said, "The agency has developed a commercial solar subsidy program aimed at promoting fair access to commercial scale solar systems through more meaningful and targeted incentives. The commercial solar subsidy program promotes partnerships with companies and groups led by minorities, veterans, and people with disabilities to ensure strong and lasting community benefits

The budget for the commercial solar energy plan for the fiscal year 2025 is $5 million. More rewards can be provided for non-profit organizations to install solar photovoltaic systems; Small businesses; Ethnic minority industrial and commercial enterprises; Disadvantaged enterprises; Weak enterprises in airport franchising; Enterprises owned by veterans and disabled veterans.

Grants are also applicable to businesses and other organizations with significant energy needs that can benefit from large-scale solar installations, thereby reducing energy costs and improving operational sustainability.

The 2025 Fiscal Year Commercial Solar Energy Subsidy Program is a first come, first served program that will roll in applications before 3:00 PM Eastern Time on March 31, 2025, or until funds are exhausted.

© Copyright: 2024 Xiamen Wintop New Energy Tech Co., Ltd.. All Rights Reserved.

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