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:

1. A. For a qualifying energy storage system installed:

   1. (1) On a residential property, $5,000;
   2. (2) On a commercial property, $75,000; or
   3. (3) 30 percent of the total installed costs of the qualifying energy storage system.
2. B. The Administration may bifurcate the annual program budget to allow for a funding allocation for both residential and commercial participants.

Authority: Tax-General Article, §10-719, Annotated Code of Maryland

Effective date: September 10, 2018 (45:18 Md. R. 834)