Energy storage systems allow buildings to save energy from the grid or on-site renewables and then use it as needed. This enables occupants to have more control over their energy use during outages and periods of high demand. There are many different forms of energy storage, with the most common being battery and thermal.
Storage can also be combined with other energy efficiency and demand-response measures within a building to increase energy savings without sacrificing occupant comfort, and it often provides reliable backup power. Advancements in these technologies have led to decreases in costs, making storage a sound investment for buildings of all types and sizes.
Maryland building and home owners can tap into several incentives to help defray the costs of energy storage systems. Through its
Clean Buildings Hub initiative, the Maryland Energy Administration is committed to help owners understand the range of incentives that they may be eligible to receive. Questions may be directed to
[email protected].
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Sec. 48E Clean Electricity Investment Tax Credit: The credit is available to taxpayers with a qualified facility and energy storage technology placed in service after Dec. 31, 2024. The Clean Electricity Investment Credit phase-out starts for the later of 2032 or when U.S. greenhouse gas emissions from electricity are 25% of 2022 emissions or lower.
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Sec. 45Y Clean Electricity Production Tax Credit: The credit is available to taxpayers with a qualified facility and energy storage technology placed in service after Dec. 31, 2024. The Clean Electricity Production Credit phase-out starts for the later of 2032 or when U.S. greenhouse gas emissions from electricity are 25% of 2022 emissions or lower.
