Income Tax Credit for Green Buildings (Personal) (Maryland)

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Last modified on February 12, 2015.

Financial Incentive Program

Place Maryland

Name Income Tax Credit for Green Buildings (Personal)
Incentive Type Personal Tax Credit
Applicable Sector Commercial, Industrial, Multi-Family Residential
Eligible Technologies Comprehensive Measures/Whole Building, Fuel Cells, Photovoltaics, Wind
Active Incentive No
Incentive Inactive Date 2012-01-02
Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount 6-8% Green Bldg; 20-25% PV; 25% Wind; 30% Fuel Cell;

Allowable project costs may not exceed 120/sq. ft. (whole/base building), 60/sq. ft. (tenant space), 3/watt for PV, and 1,000/kW for fuel cells


Carryover Provisions Excess credit may be carried forward 10 years


Eligible System Size Buildings must be at least 20,000 sq. ft.; renewable-energy system size not specified

Equipment Requirements Buildings must meet criteria set forth by the U.S. Green Building Council or other similar criteria.
Start Date 07/01/2001 (Expenditures)
01/01/2003 (Claims)
Expiration Date 2011-12-31 Deadline for issuance of initial credit certificates






Maximum Incentive Not specified










Program Administrator Maryland Energy Administration
Website http://www.energy.state.md.us/Business/greenbuild.html
Date added to DSIRE 2001-11-02
Last DSIRE Review 2012-01-02
Last Substantive Modification
to Summary by DSIRE
2012-01-02


References DSIRE[1]


Summary

Note: As of October 2011 the Maryland Energy Administration indicates that project cancellations have resulted in the availability of $13 million for new tax credit applications.

Enacted in 2001, this income tax credit applies to non-residential and residential multifamily buildings of at least 20,000 square feet that are constructed or rehabilitated to meet criteria set forth by the U.S. Green Building Council or other similar criteria. Newly constructed buildings must be located on a qualified brownfield site, or in a priority funding area, and not in a wetlands area. Building rehabilitation projects are eligible if they do not increase the size of the building by 25%, or if they are located in a priority funding area.

Credits apply to three types of alternative energy sources: photovoltaics (PV), wind turbines and fuel cells. Tax credits for alternate energy sources can only be claimed if they serve a green whole building, a green base building, or green tenant space.

The tax credit amounts are as follows:

  • 20% of the incremental cost for building-integrated photovoltaics
  • 25% of the incremental cost for non-building-integrated photovoltaics
  • 30% of the costs, including installation, for a fuel cell
  • Allowable costs cannot exceed $3 per watt for PV or $1,000 per kilowatt (kW) for fuel cells
  • 25% of the costs, including installation, for a wind turbine;
  • 6% of the allowable costs for the construction of or rehabilitation to a green base building or green tenant space;
  • 8% of the allowable costs for the construction or rehabilitation of a green whole building.
  • Allowable costs cannot exceed $120 per square foot in the case of a whole building or base building and $60 per square foot in the case of green tenant space.

Credits will be allowed for amounts spent on or after July 1, 2001, and will be available for tax years beginning after December 31, 2002. Applicants must apply to the Maryland Energy Administration (MEA) to receive an initial credit certificate. This certificate will indicate the earliest taxable year that the credit may be claimed and an expiration date. Any unused credit may be carried forward and applied for succeeding taxable years for up to 10 years. There are some further restrictions on eligibility, annual caps on the total number of credits allowed, and an aggregate credit cap of $25 million. While initial credit certificates meeting the overall $25 million cap where authorized from 2001 - 2005, as of October 2011 project cancellations had made $13 million available for new applications. The tax credit is scheduled to sunset on December 31, 2011, after which point no new initial credit certificates may be issued.


Incentive Contact

Contact Name Public Information Officer - MEA
Department Maryland Energy Administration

Address 60 West Street, 3rd Floor

Place Annapolis, Maryland
Zip/Postal Code 21401
Phone (410) 260-7655
Phone 2 (800) 723-6374

Email meainfo@energy.state.md.us
Website http://www.energy.state.md.us
Contact Name Information Specialist - Comptroller of Maryland
Department Revenue Administration Division

Address 110 Carrol St.

Place Annapolis, Maryland
Zip/Postal Code 21411
Phone (800) 492-1751


Email taxhelp@comp.state.md.us
Website http://www.marylandtaxes.com
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Md Code: Tax - General § 10-722
Date Effective 07/01/2001 (Expenditures)
01/01/2003 (Claims)
Date Enacted 2001-05-18
Expiration Date 2011-12-31

Authority 2: COMAR 14.26.02
Date Effective 02/12/2007 (most recent amendments)


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"

Tax Credits Solar Photovoltaic Incentives

PV Residential Tax Credit % Eligible Costs 25%

PV Commercial Tax Credit % Eligible Costs 25%





PV Residential Tax Credit $/KW $3,000
PV Commercial Tax Credit $/KW $3,000






Tax Credits Wind Incentives

Wind Residential Tax Credit % Eligible Costs 25%













  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1.  "Database of State Incentives for Renewables and Efficiency (DSIRE)"