Energy Storage. Tax Credit. Read the Free State Bill.

State: Maryland

The Tax credit details:

• 30% tax credit for the deployment of energy storage technologies
• the tax credit runs from 2018 through 2022
• capped at $5,000 for residential storage
• capped at $75,000 for commercial projects
• commercial projects also have an overall cap on credits awarded of $750,000 per year
• applies to these types of energy storage:
  • battery
  • mechanical storage
  • thermal storage

Maryland Senate Bill 758 (2017)

Utility Dive | Maryland passes 30% energy storage tax credit for residential, C&I installations