1、BROUGHT TO YOU BYWelcome to theFederal Tax Credits and Direct Pay,Incentives for Renewable Energy Projects2Montgomery County Energy Summit 2025|#MCEnergySummit#BeyondBenchmarking Learn about the incentives available for renewable energy Understand the difference between the federal tax credit and Di
2、rect Pay/Elective Pay Hear from an experienced solar developer with real world experience navigating incentives Learn about other options for renewable energy for your home.3ObjectivesMontgomery County Energy Summit 2025|#MCEnergySummit#BeyondBenchmarkingCindy McCabeDirector,Renewable EnergyAbout MC
3、 Green Bank Structure:Chartered by Montgomery County.Independent 501(c)3 non-profit Purpose:Accelerate investment in energy efficiency and renewable energy Focus:Build a more diverse,equitable,and inclusively prosperous,resilient,sustainable,and healthy community Alignment:Support Montgomery Countys
4、 goal to reduce its greenhouse gas emissions to 0%by 2035Federal Solar Tax Credit 30%Net Metering Credits Solar Renewable Energy Credits Solar PV Project IncentivesSystem owner/developer What is an SREC?Solar renewable energy certificates(SRECs)are a performance-based solar incentive that allow you
5、to earn additional income from solar electricity generation.One SREC is generated for every megawatt hour(MWh),or 1,000 kilowatt hours(kWhs),of electricity your solar panel system generates.Once an SREC is generated,owners of SRECs can sell them as they come or through an upfront offer.Ownership:Cas
6、h Purchase MC Green Bank LoanPro:Tax Credit,SRECs,MD Incentive,Depreciation(for-profits)3rd Party Rental:Power Purchase Agreement or LeasePro:Insurance Included,No up-front money needed,no need to navigate incentivesWhat are the financing options for commercial solar installations?Community Solar as