Maryland Energy Storage Income Tax Credit - Tax Year 2022
As of September 2, 2022, all of the available energy storage tax credits authorized under §10–719 of the General Tax article have been awarded.
PLEASE NOTE: Any energy storage system that is installed, passed all necessary permit inspections, and received authorization to operate from the local electric utility in Tax Year 2022 is ineligible for the Tax Year 2023 program.
The Maryland Energy Storage Income tax credit is designed to encourage the deployment of energy storage systems in Maryland. The tax credit is available to residential and commercial taxpayers who have installed an energy storage system on their residential or commercial property in Maryland. Under the enabling statute, MEA may award a total of $750,000 in tax credit certificates during a given tax year. Tax credit certificates will be awarded to eligible applicants on a
first come, first served basis
. Current law
authorizes MEA to offer the program through calendar year 2024.
Type of Program: Income Tax Credit Program; first-come, first served.
Anticipated Program Budget: $750,000.
For more information, please see the Funding Opportunity Announcement below.
For more information, contact MEA regarding Maryland Energy Storage Tax Credit – Tax Year 2022 by email at
email@example.com by phone at 410-537-4000 to speak with Abigail Antonini, the MEA program manager.
Disclaimer - The Maryland Energy Administration cannot provide tax advice. If you have any questions about Maryland State Taxes, please contact the Comptroller of Maryland (https://www.marylandtaxes.gov/) and/or a licensed tax professional.
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