SMECO

SMECO Solar LLC is a wholly owned subsidiary of Southern Maryland Electric Cooperative, Inc. (SMECO). SMECO Solar was created to enable SMECO to reap the benefits of solar project development and ownership by utilizing the funding provided by the American Recovery and Reinvestment Act of 2009 1603 Treasury Program. This federal program allowed SMECO Solar to develop its 5.5 Megawatt (MW) solar generation project in Hughesville, Maryland, with federal funding providing 30 percent of the cost of the project. As an entity not subject to federal income tax, SMECO did not meet the criteria for the 1603 program. Establishing the subsidiary as a taxable organization allowed SMECO to take advantage of this program and substantially reduce the cost of the project.

Also known as: SMECO Solar, SMECO Solar LLC

Primary location: Hughesville United States