Clean Energy Tax Credit (Maryland)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maryland


Applies to States or Provinces Maryland
Name Clean Energy Tax Credit (Maryland)
Policy Category Financial Incentive
Policy Type Personal Tax Incentives
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics
Active Policy Yes
Implementing Sector State/Province















Primary Website http://taxes.marylandtaxes.com/Business_Taxes/General_Information/Business_Tax_Credits/Clean_Energy_Incentive_Tax_Credit.shtml


Last Review 2014-05-15



Summary

The Clean Energy Tax Credit is 0.85 cents for each kilowatt hour of electricity sold that was produced from a Maryland qualified energy resource during the 5-year period specified in the initial credit certification. The annual tax credit may not exceed one-fifth of the maximum amount of credit stated in the initial credit certificate.

The business must produce electricity during the tax year using primarily "qualified energy resources" (see Internal Revenue Code Section 45) which includes any solid, non-hazardous, cellulosic waste material that is segregated from other waste materials and is derived from the following:

• Forest-related resources, including mill residues (except sawdust and wood shavings), forest thinnings, slash, or brush, but excluding old-growth timber.

• Waste pallets, crates, dunnage, landscape or right-of-way trimmings.

• Agricultural sources (orchard tree crops, vineyard, grain, legumes, sugar, and other crop by-products or residues).

"Qualified energy resources" also includes methane gas or other combustible gases resulting from the decomposition of organic materials from an agricultural operation or from a landfill or a wastewater treatment plant using either anaerobic or thermal decomposition, or a combination of both, and solar, geothermal or hydropower energy sources.


Policy Contact

Contact Name Comptroller of Maryland
Department State of Maryland
Division Revenue Administration Division


Place Annapolis, Maryland
Zip/Postal Code 21411-0001
Phone 410-260-7980 from Central Maryland
Phone 2 1-800-MD TAXES from elsewhere
Email taxhelp@comp.state.md.us
Contact Name Chris Rice
Department Maryland Energy Administration
Address 60 West Street, Suite 60
Place Annapolis, MD
Zip/Postal Code 21401
Phone 410-260-7655
Phone 2 1-800-72 ENERGY
Email crice@energy.state.md.us

















References