Incentives/Policies for Renewables & Efficiency
Last DSIRE Review: 07/23/2012
||Property Tax Incentive
|Eligible Efficiency Technologies:
||Comprehensive Measures/Whole Building
|Eligible Renewable/Other Technologies:
||Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps, Daylighting, Small Hydroelectric
|Amount:||25% to 75% property tax credit for 5 years; tax credit level varies by certification rating|
|Maximum Incentive:||None specified|
|Equipment Requirements:||Building must be certified at LEED Silver or higher; two Green Globes or higher under the Green Globes rating system; or a county recognized equivalent program|
Carroll County Code § 209.41 et seq.|
The state of Maryland permits Carroll County (Md Code: Property Tax § 9-308(e)) to offer property tax credits for high performance buildings if it chooses to do so.* Carroll County has exercised this option by offering property tax credits on buildings used for business, commercial, or industrial purposes that meet certain green building standards. The tax credits apply to green buildings that meet the requisite standards and are certified as such after May 5, 2009. The tax credit sunsets June 30, 2014 and no new credits will be issued after this date.
The tax credit uses the U.S. Green Building Council's LEED rating system and the Green Building Institute's Green Globe rating system as a metric for determining how "green" a building is. Buildings must receive a minimum LEED Silver or two Green Globes certification in order to be eligible for any tax credit. An equivalent certification under a county recognized system may also be used to qualify for the property tax credit. The property tax credit is determined as a percentage of county property taxes levied against the improved real property, and may be claimed for five consecutive years. Tax credit levels are as follows:
- 25% for LEED Silver or equivalent
- 50% for LEED Gold or equivalent
- 75% for LEED Platinum or equivalent
No limitations on credit amounts per building or in aggregate are contained in the county legislation. Tax credit applications must be filed on or before May 1 of the year immediately preceding the taxable year for which the tax credit is sought. The tax credit program is administered by the Department of Economic Development, Department of Management and Budget, Department of the Comptroller, and Department of Planning.
*The state authorization contained in Md Code: Property Tax § 9-308(e) applies specifically to Carroll County. Several other counties in Maryland have adopted property tax credits for high performance buildings under another more generally applicable portion of the state code which makes a similar allowance (Md Code: Property Tax § 9-242).
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.
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