Md. Code Regs. 14.26.07.06

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.26.07.06 - Amount of Tax Credit

An individual or corporation that receives a credit certificate from the Administration may claim a credit against the individual's or corporation's State income tax for a specified taxable year in an amount that may not exceed the lessor of:

A. For a qualifying energy storage system installed:

(1) On a residential property, $5,000;

(2) On a commercial property, $75,000; or

(3) 30 percent of the total installed costs of the qualifying energy storage system.

B. The Administration may bifurcate the annual program budget to allow for a funding allocation for both residential and commercial participants.

Md. Code Regs. 14.26.07.06

Regulation .06 adopted effective 45:18 Md. R. 834, eff. 9/10/2018