Maryland Electricity Rates 2026 — Cost per kWh & Savings
The average electricity rate in Maryland (MD) is $0.1567/kWh, ranking #30 among US states. The average monthly bill is $137 for 874 kWh of usage.
Calculate Your Maryland Electric Bill
Electricity Savings Tips for Maryland
Maryland has a deregulated market with competitive supply options. The state offers excellent solar incentives including SRECs worth $50-80 each. With rates above the national average, solar payback is typically 5-7 years.
Primary Utility: BGE, Pepco, Delmarva
Maryland has a deregulated electricity market. This means you can shop for competitive electricity supply rates from third-party providers while your local utility (BGE, Pepco, Delmarva) still handles delivery. Shopping for a lower supply rate can save 10-20% on your bill.
Solar Energy in Maryland
Maryland receives an average of 4.2 peak sun hours per day. While not the sunniest state, solar panels still produce meaningful energy here. At $0.16/kWh, a solar system that produces 7358 kWh/year saves approximately $1153/year. With the 30% federal tax credit, typical payback is 6-9 years.