Maryland Energy Storage Income Tax Credit

Summary

The Maryland Energy Storage Income Tax Credit is a program that offers income tax credits to individuals or entities that install energy storage systems. The tax credit is equal to 30% of the total cost of the energy storage system, up to a maximum credit of $5,000 for residential systems and $75,000 for commercial systems. The credit can be carried forward for up to five years.
The program is aimed at promoting the use of energy storage systems in Maryland, which can help reduce the demand for electricity during peak periods and increase the reliability of the state's electric grid. The program is currently in effect and will continue through December 31, 2023.

Eligibility Requirements

  • Individuals or entities who install an eligible energy storage system can claim the credit on their Maryland state income tax return.

Contact Information

Maryland Energy Admissions
1800 Washington Blvd., Suite 755
Baltimore, MD 21230
Phone: 410-537-4000

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