MEA is actively redesigning its residential and commercial energy storage program offerings. As state legislation mandates, the Maryland Energy Storage Income Tax Credit will expire at the end of 2024. This will create a funding gap starting in January 2025 until the beginning of fiscal year 2026 (Summer 2025), when the redesigned energy storage program is set to launch.
Statute: Md. Code Ann., Tax General Article § 10-719; Regulations: COMAR 14.26.07;
Program Description: The Maryland Energy Storage Income Tax Credit Program ("MESITC Program", "the Program") 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. Applying does not guarantee that a tax credit will be awarded. Current State
law authorizes MEA to offer the program through tax year 2024.
**Funding Depleted for 2024 Tax Year**
MEA is no longer accepting applications to the Tax Year 2024 Maryland Energy Storage Income Tax Credit Program. Should funding availability change, MEA will update this website and make any appropriate announcements as soon as possible.
All Applications approved on rolling basis
See below for more information on funding availability.
As of Friday, November 22, 2024, the total of all funded and pending applications received to the 2024 Maryland Energy Storage Income Tax Credit Program exceeds the available funds remaining. MEA will process each eligible application in the order it was received until all funds are exhausted. Should additional funding become available, MEA will update this website and make any appropriate announcements.
If you have already applied for the MESITC Program, and have yet to receive an email on the status of your application, MEA will review it in the order that it was received, and if found eligible, it will be placed on the residential waitlist. Current applicants that are waitlisted in this manner will be notified by MEA.
FUNDING STATUS - 2024 PROGRAM
MEA makes its best effort to update the information in the table below every Friday afternoon, or next business day if a State Holiday is on a Friday.
LAST UPDATE: 11/22/2024
NOTE: All unclaimed funds in all categories after June 30, 2024 will be made available to all applicants without restriction based on type (residential or commercial) on July 1, 2024.
| Residential and Commercial Applications (Approved on a rolling basis beginning with Waitlisted applications) | $ 443,210.15 (Total funds available on 7/1/2024; unallocated commercial funds now available to all applications)
| $ 0.00
| 0.00%
|
Type of Program: Income Tax Credit Program; first-come, first served.
Program Application Deadline: The deadline for receipt by MEA of applications for Tax Year 2024 is
January 15, 2025, at 3:00 P.M. EST. MEA will
not accept applications after that deadline. The deadline for receipt by MEA of missing documents and/or information for Tax Year 2024 applications that MEA received by the application deadline is within 14 days of MEA’s notification to the applicant of missing documentation, or January 20, 2025, at 3:00 P.M. EST, whichever is earlier.
Anticipated Program Budget: $750,000.
For more information, please see the Funding Opportunity Announcement below.
*Tax Credit Guidance Revised Document Posted 04.11.2025*
Program Documents:
For more information, contact MEA regarding Maryland Energy Storage Tax Credit by email at
energystorage.mea@maryland.gov to speak with MEA's Energy Storage Team.
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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