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.
Total available funds for Residential and Commercial Applicants as of 7/23/2024: $ 325,293.95
All Applications approved on rolling basis
See below for more information on funding availability.
As of
Wednesday, May 1, 2024, the Maryland Energy Storage Income Tax Credit Program has allocated all
initially-budgeted residential tax credits for residential energy storage systems installed in 2024. Eligible applicants may continue and are encouraged to apply. The residential application waitlist will remain open until
June 30, 2024. Starting July 1, 2024, unallocated tax credits initially reserved for MESITC commercial applications will become available to waitlisted residential applications. Waitlisted eligible residential applications will receive tax credit certificates in the order of which they are received. MEA encourages eligible applicants to complete and submit their residential applications as soon as possible for best chance at receiving a tax credit.
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
The information in the table below is updated every Friday afternoon, or next business day if a State Holiday is on a Friday.
LAST UPDATE: 7/23/2024
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)
| $ 325,293.95
| 43.37%
|
To apply for the tax credit, via an online application portal called Jotform, please click the link below to start your application.
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.
Program Documents:
For more information, contact MEA regarding Maryland Energy Storage Tax Credit – Tax Year 2024 by email at
energystorage.mea@maryland.gov or by phone at 443-682-1583 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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