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Home - Commercial & Industrial - Maryland grant program will help minority- and veteran-led businesses go solar
Commercial & Industrial

Maryland grant program will help minority- and veteran-led businesses go solar

solarenergyBy solarenergyNovember 4, 2024No Comments2 Mins Read
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The Maryland Energy Administration today announced the opening of the new Fiscal Year 2025 (FY25) Commercial Solar Grant Program, which offers major incentives to Maryland businesses and organizations to help pay the costs of solar energy systems that benefit Maryland’s low-to-moderate income, overburdened and underserved communities.

“The agency developed the Commercial Solar Grant Program to promote equitable access to commercial-scale solar systems through more meaningful and focused incentives,” said Maryland Energy Administration Director Paul G. Pinsky. “The Commercial Solar Grant Program promotes partnerships with companies and groups led by minorities, veterans and people with disabilities to ensure strong and lasting community benefits.”

The FY25 Commercial Solar Program has a budget of $5 million. Enhanced incentives are available for the installation of solar photovoltaic systems by nonprofit organizations; Small Business Enterprises; Minority Business Enterprises; Disadvantaged Business Enterprises; Airport Concessions Disadvantaged Business Enterprises; and Veteran- and Disabled Veteran-owned businesses.

Grants also are available for businesses and other organizations with substantial energy needs that can benefit from larger-scale solar installations that reduce their energy costs and improve sustainability of their operations.​

The FY25 Commercial Solar Grant Program is a first-come, first-served program that will accept applications on a rolling basis through 3:00 p.m. ET, March 31, 2025, or until funding is exhausted.

News item from the Maryland Energy Administration

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See also  White Pine Renewables Inks deal for projects in Calif. | Solar financing Spotlight
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