A. An individual or corporation interested in qualifying for a credit certification may be asked to provide some or all, at the sole discretion of the Administration, of the following information to the Administration:
- (1) Name, address, email address, and phone number of the applicant's authorized representative;
- (2) Estimated gross income of property owner for a residential participant, or gross revenue for a commercial participant;
- (3) Estimated tax liability;
- (4) Property physical address and proof of ownership of property;
- (5) Description of the qualifying energy storage system being proposed for use at the facility and an explanation of how it offsets electricity when discharging;
- (6) Name and contact information of the developer/installer;
- (7) Whether or not the energy storage system will participate in wholesale energy markets;
- (8) Anticipated cost of the qualifying energy storage system;
- (9) Expected life of the qualifying energy storage system;
- (10) Anticipated in-service date for the qualifying energy storage system;
- (11) Anticipated capacity factor of the qualifying energy storage system;
- (12) Energy storage duration;
- (13) Energy density;
- (14) Energy storage system power density;
- (15) Documentation verifying that the energy storage system has been installed and is operational, which includes copies of local electrical permits, inspection approvals, equipment certified by a nationally recognized testing laboratory, the results of any performance testing, and any other applicable documentation; and
- (16) Any other information the Administration considers necessary to process the application.
- B. The Administration shall issue credit certificates on a first-come, first-served basis once it has determined the application is complete and verifies the information provided by the applicant.
- C. The Administration may bifurcate the application process as necessary into more than one step.
- D. The Administration may not issue a credit certification of more than $75,000 for a commercial property or $5,000 for a residential property, and the Administration may not issue a total amount of credits totaling more than $750,000 in any taxable year.
Authority: Tax-General Article, §10-719, Annotated Code of Maryland
Effective date: September 10, 2018 (45:18 Md. R. 834)