Green Street Solar is a company working in Maryland and Delaware to provide grid-tied solar power for residential and small business applications. The term grid-tied implies that the solar power system is tied to the local power grid, which allows their customers to not only use electricity that is generated by the solar power system, but it also allows their customers to obtain credit from the utility companies from electricity produced for the grid. This is known as net metering. At the end of a billing cycle, the customer only pays for the net consumption of energy used. This calculated by taking the total amount of electricity consumed minus the total amount of energy generated for the billing cycle. Net metering is a regulated provision ensuring that residences and businesses can become both consumers and producers of electricity, essentially reducing the small-scale barriers to entry into the power market.
Residential solar Maryland has particular incentives in place in order to offset and reduce the setup cost involved in the installation of the residential solar power system. These incentives bring the costs down considerably so that residences and small businesses can feasibly make a good return on their investment. In Maryland, the state rebate is up to $1.25 per installed watt for the solar electric power system that is capped to $10,000 per system. Green Street Solar manages the application process for their customers and may even deliver the panels prior to the grant refund.
There is a similar program for residential solar Delaware. The Delaware Green Solar Power Fund provides 33.33% refund on the cost of a solar power system. In addition, the federal government provides an additional 30% tax credit which greatly reduces the setup cost.
The typical photovoltaic system has a reliable life-span of 30 years. Green Street Solar provides a 25 year warrantee on their installed systems. The estimated cost savings per month from the reduced cost of electricity is in the neighborhood of $2,000 to $2,500 per year in savings. Additional savings can be realized if historic increasing cost of electricity continues. Naturally, these savings depend upon the chosen package selection and specific application of the solar technology. Green Street Solar offers a free analysis of power usage and of the physical site in order to provide their customers with an optimal recommendation.
