The Mars Environmental Dynamics Analyzer (MEDA) on board Perseverance includes first-of-their-kind sensors measuring the incident and reflected solar flux, the downwelling atmospheric IR flux, and the upwelling IR flux emitted by the surface. We use these measurements for the first 350 sols of the Mars 2020 mission (Ls ~ 6-174 deg; in Martian Year 36) to determine the surface radiative budget on Mars, and to calculate the broadband albedo (0.3-3 μm) as a function of the illumination and viewing geometry. Together with MEDA measurements of ground temperature, we calculate the thermal inertia for homogeneous terrains without the need for numerical models. We found that: (1) the observed downwelling atmospheric IR flux is significantly lower than model predictions. This is likely caused by the strong diurnal variation in aerosol opacity measured by MEDA, which is not accounted for by numerical models. (2) The albedo presents a marked non-Lambertian behavior, with lowest values near noon and highest values corresponding to low phase angles (i.e., Sun behind the observer). (3) Thermal inertia values ranged between 180 (sand dune) and 605 (bedrock-dominated material) SI units. (4) Averages across Perseverance’ traverse of albedo and thermal inertia (spatial resolution of ~3-4 m2) are in very good agreement with collocated retrievals of thermal inertia from THEMIS (spatial resolution of 100 m per pixel) and of bolometric albedo in the 0.25-2.9 μm range from (spatial resolution of ~300 km2). The results presented here are important to validate model predictions and provide ground-truth to orbital measurements.