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

Dive Brief:

  • Maryland’s General Assembly has passed a bill that calls for a 30% tax credit for the deployment of energy storage technologies that runs from 2018 through 2022.
  • The credit is capped at $5,000 for residential storage projects and at $75,000 for commercial projects with an overall cap on credits awarded of $750,000 per year.
  • The bill now goes to Gov. Larry Hogan (R), but it seems to have garnered enough votes – passing unanimously in the Senate and by 101-11 votes in the House – to avoid or survive a veto.