Clean Energy Production Tax Credit
| Program Type | Personal Tax Credit |
|---|---|
| Technologies | Solar Thermal Electric, Photovoltaics and other renewables |
| Amount | $0.85 per kilowatt hour (kWh) produced |
| Required Documentation | Initial Credit Certificate Application and net metering or interconnection agreement |
| Official Web Site | http://energy.maryland.gov/incentives/allprograms/cep_taxcredit.a |
The Clean Energy Production Tax Credit allows property owners in Maryland to receive a state-income-tax break over a five-year period for qualifying renewable energy installations.
To qualify, the building must use the renewable energy as its primary energy source. And it must be placed in service between Jan. 1, 2006 and Jan. 1, 2016.
An individual or corporation that applies for and receives certification from the Maryland Energy Administration may claim a credit equal to 0.85 cents per kilowatt-hour ($0.0085/kWh) against the state income tax, for a five-year period, for electricity generated by eligible resources. To meet the minimum, the installation needs to produce 23.5 megawatt hours a year. An additional requirement is that electricity produced by the installation may not be sold to a relative during the tax year.
