The state of Maryland wants to give away $750,000 in tax credits to homeowners ($300,000) and businesses ($450,000) that add battery backup storage to new or existing solar installations.
Under the terms of the state’s Energy Storage Income Tax Credit Program, tax credits are to be distributed on a first come, first served basis – and so far not many households or businesses have come to be served. As of April 15, 2020, 94% of the tax credits – $266,370.00 for households and $437,372.70 for businesses – have yet to be applied for.
Which is a shame when you consider that between the Maryland income tax credit and the federal 26% energy saving income tax credit, you can save half the cost of adding an emergency electricity generator that has no toxic exhaust fumes and “refuels” itself with each morning’s sunrise.
You can apply online anytime up to January 15, 2021, and we can help you with the documentation and inspections.
Of course, you’ll need to have a solar system with battery backup storage, and we’re one of a very few installers serving Maryland who can help with that too.