Maryland Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 07/23/2012
Program Overview:
| State: |
Maryland |
| Incentive Type: |
Property Tax Incentive |
| Eligible Efficiency Technologies: |
Custom/Others pending approval |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Geothermal Heat Pumps, Solar Space Cooling |
| Applicable Sectors: |
Commercial, Industrial, Residential, Multi-Family Residential, Low-Income Residential, Agricultural |
| Amount: | Varies by jurisdiction; credit may be available for up to 3 years. |
| Maximum Incentive: | Varies by jurisdiction. |
Authority 1:
Date Enacted:
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Md Code: Property Tax ยง 9-203
1985 (subsequently amended)
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Summary:
Title 9 of Maryland’s property tax code provides local governments the option to allow a property tax credit for buildings equipped with a solar, geothermal or qualifying energy conservation device. These devices may be used to heat or cool the structure, to generate electricity to be used in the structure, or to provide hot water for use in the structure. The law was initially enacted in 1985, but at that time applied only to heating and cooling and water heating applications. Electricity production for on-site use was added in 2006.
Under this provision, counties determine the amount of the credit and are given the freedom to define solar, geothermal, and energy conservation devices. Counties also determine the length of time that the credit may be available up to a maximum of three years. It should be noted that the statute includes the city of Baltimore in this provision because Baltimore, the city, has its own jurisdiction as a county. Maryland’s local option tax incentive is unique because it is applied in the form of a credit -- not an exemption or exclusion as in the case of many other property tax programs. As of July 2012 at least five counties in Maryland offer a property tax credit under this section of the state code:
Interested parties may view the details of the local tax credits in each county (including county specific contacts) using the links above. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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