Try our solar cost and savings calculator
Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from Baltimore Gas & Electric Co with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives Baltimore Gas & Electric Co does offer?
Category : Financial Incentive
Website : https://www.bgesmartenergy.com/residential/rebates-and-discounts
Applicable Sectors : Construction, Residential, Multifamily Residential
Incentive Amount : Appliances & Recycling Ducting Sealing: $500 - $750 Heat Pump Water Heater: Up to $1,600 Dehumidifier: $50 (New); $25 (Recycling) Smart Thermostat: $100 Refrigerator/Freezer (Recycling): $50
Implementing Sector : Utility
Category : Financial Incentive
Website : https://dhcd.maryland.gov/Residents/Pages/lieep/default.aspx
Applicable Sectors :
Incentive Amount : Direct installation, no cost to the recipient
Implementing Sector : State
Category : Financial Incentive
Website : https://www.bgesmartenergy.com/business/energy-solutions-business/application-forms
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, State Government, Federal Government, Installers/Contractors
Incentive Amount : Prescriptive Incentives See full list of prescriptive business incentives here Commercial Refrigeration Equipment: Varies, see program website Commercial Kitchen Equipment: $50-$1,000/unit Refrigerators: $75-$225/unit Freezers: $100-$500/unit Ice Machines: $50-$250/unit Commercial Dishwashers: $50-$1,000/unit Commercial Clothes Washers: $100-$200 Water Coolers: $50/unit Dehumidifiers: $25/unit Smart Power Strips: $10/strip Vending Machine Controls: $30-$75/control Window Film: $1/sq. ft. Air Conditioning: $250/ton Air Source Heat Pumps: $250/ton Water Cooled and Evaporative Air Conditioner: $200-$250/ton Packaged Terminal Air Conditioner (PTAC): $50-$100/ton Ductless Mini-Split Heat Pump or A/C: $100/ton Ground Source/Ground Water Source Heat Pump: $300/ton Hotel Room HVAC Controls: $80/room Receptacle Controls: $10/control Chillers: $15-$25/ton plus $8-$10/ton of additional incentives New Construction Lighting: $0.40-$0.80/W Retrofit Lighting: Varies, see program website Lighting Controls: $30-$100/control LED Signs: $1.00-$1.65/W HVAC Tune-Up: $140/3 tons Custom Incentives See program website here Combined Heat and Power See program website here Building Tune-Up See program website here
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in Baltimore Gas & Electric Co territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with Baltimore Gas & Electric Co to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for Baltimore Gas & Electric Co customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for Baltimore Gas & Electric Co customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with Baltimore Gas & Electric Co? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
