The Maryland Energy Administration (MEA) yesterday said that it now is accepting applications for the program.
“This tax credit empowers all Marylanders to support grid resiliency and serves as a model for all other 49 states,” Mary Beth Tung, director of the MEA, said in a statement.
According to the MEA, the program is available to eligible residential and commercial taxpayers who have installed a qualifying energy storage system between Jan. 1, 2018 and Dec. 31, 2018. Currently, a total of $225,000 has been reserved for residential taxpayers and $525,000 has been reserved for commercial taxpayers.
“Our Energy Storage Tax Credit program, while a pilot, includes a wide range of storage technologies and encourages innovation in the energy storage arena,” Tung said.
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