Code of Maryland Regulations
Title 14 - INDEPENDENT AGENCIES
Subtitle 26 - MARYLAND ENERGY ADMINISTRATION
Chapter 14.26.07 - Maryland Energy Storage Systems Income Tax Credit Program
Section 14.26.07.05 - Qualifying Program Participant
Universal Citation: MD Code Reg 14.26.07.05
Current through Register Vol. 51, No. 6, March 22, 2024
A. Qualifying energy storage program participants may include:
(1) Residential taxpayers who purchase and install an energy storage system for a residential property which they own; or
(2) Commercial taxpayers who purchase and install an energy storage system for a commercial property which they own.
B. Taxpayers that have already claimed an energy storage systems income tax credit as part of this program are ineligible for additional energy storage systems income tax credits for the same taxable year.
C. Addresses where energy storage systems income tax credits have already been claimed, including multifamily properties, are ineligible for additional energy storage income tax credits from this program.
D. An energy storage systems income tax credit cannot be claimed for an electric vehicle.
E. The Administration may adjust program participant qualifications across program years.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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