Environment & Energy Report

Maryland Pioneers Tax Credits for Energy Storage

May 4, 2017, 7:22 PM

Maryland will become the first state to offer a tax credit for energy storage systems under a new law Gov. Larry Hogan (R) signed May 4.

Senate Bill No. 758 offers a state income tax credit for up to 30 percent of the cost of installing an energy storage system.

Energy storage helps provide consistent energy supplies for those with solar panels or wind turbines during intermittent sun, wind periods.

Hogan also signed House Bill No. 773, which calls for a study by Dec. 1, 2018 of regulatory changes and market incentives to increase the use of energy-storage...

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