Public Utilities – Solar Energy Generating Systems and Solar Renewable Energy Credits (Affordable Solar Act)

SB 341 establishes new definitions for small portable solar systems (max 1,200 watts, plug-in devices for residential use) and creates two types of solar energy credits: SRECs for smaller systems and SREC-II for larger installations. It requires electric companies to procure a specific number of SREC-II credits from qualifying solar projects and mandates that certain compliance fees be deposited into an escrow account instead of the Maryland Strategic Energy Investment Fund. Homeowners using portable solar systems cannot have utility approval requirements or fees for grid connection, but these systems do not count toward renewable energy goals. Municipal utilities and electric cooperatives gain flexibility in meeting solar requirements under the new framework.