Maryland will offer tax credits for residential and commercial energy storage projects beginning in 2018. Although Maryland is not the first state to provide incentives for energy storage, the use of tax credits marks a departure from recent energy storage mandates.
Energy storage systems can provide a variety of grid management and cost-saving benefits to both customers and utilities. Maryland’s tax credit approach may appeal to states interested in supporting storage deployment, but would prefer to avoid imposing a mandate on electric utilities.
General Assembly of Maryland: Income Tax Credit – Energy Storage Systems
Additional Contributing Author: Michael Morley
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