No matter if you reside in Montgomery or Prince George’s county, Pepco Maryland offers the tools and resources to help you locate the energy you require for your business or home. Pepco Maryland has everything you require to make your home more energy efficient including rebates on older refrigerators and freezers. It is also committed to serving its customers and the community at large. For instance, Pepco has offered $2 million in charitable donations to local charities and has given $200,000 in grants to students in Montgomery and Prince George’s counties.
Pepco’s multi-year strategy to improve the reliability and efficiency of the local energy grid was designed with the goal of sustainability and customer service. The plan includes hundreds of projects that will aid Pepco and its customers reach $1 billion in economic impact and support more than 1,425 new jobs every year. It will also improve the state’s climate goals by supporting efforts to develop EVs and reduce greenhouse gas emissions.
The multi-year plan will include energy efficiency improvements as well as corrective maintenance and system upgrades. Pepco will maintain its energy delivery rates in the same manner for two years. Pepco will ask for an increase of 4.4 percent on residential bills from April 2023. The increase will reflect investments made during the plan’s life. The multi-year plan is cheaper and provides customers with greater predictability.
Pepco will also invest tens of millions of dollars into renewable energy and energy efficiency. In Maryland, solar panels that generate more energy than they consume will be credited with the full value of the kWh. If you’re thinking about going solar and want to sign up with an electric provider through the state’s Community Solar Portal. It takes 8 weeks to sign up.
Pepco has set a goal to reduce greenhouse gas emissions by 50 percent by 2030. It has pledged to install 250 new Level 2 electric vehicle charging stations across Maryland. The first of these will be set up in Montgomery Parks in March. This will help Montgomery County to meet its climate goals.
Pepco has also committed to establishing an EVsmart Program to promote sustainable transportation. This will include offering information, tools and rebates for EV owners to help them transition to an electrified transportation system. By establishing an electric vehicle infrastructure in Maryland, Pepco is making it easier to move to zero emission vehicles.
Pepco also created a Green Energy Fund, which encourages investment in sustainable solutions. The fund will provide customers with up to $14 million in order to reduce their energy usage and costs. The fund will also help in the development of workforce and STEM education in Prince George’s and Montgomery counties. One of the funds Pepco has devoted to the Green Energy Fund are $5 million in loans to support renewable energy in Montgomery and Prince George’s counties.
Additionally, Pepco has provided more than $2 million to local relief funds and nonprofits. This will help to build local talent pipelines and create jobs for local residents in the energy sector.