Difference between revisions of "Baltimore County - Solar and Geothermal Equipment Property Tax Credit (Maryland)"

From Open Energy Information

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|Incentive/Name=Baltimore County - Solar and Geothermal Equipment Property Tax Credit
 
|Incentive/Name=Baltimore County - Solar and Geothermal Equipment Property Tax Credit
 
|Incentive/Website=http://amlegal.com/nxt/gateway.dll/Maryland/baltimore_co/baltimorecountycode?f=templates$fn=default.htm$3.0$vid=amlegal:baltimoreco_md
 
|Incentive/Website=http://amlegal.com/nxt/gateway.dll/Maryland/baltimore_co/baltimorecountycode?f=templates$fn=default.htm$3.0$vid=amlegal:baltimoreco_md
|Incentive/Active=Yes
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|Incentive/UserSource=http://www.baltimorecountymd.gov/Agencies/budfin/
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|Incentive/Active=No
 
|Incentive/ImplSector=Local
 
|Incentive/ImplSector=Local
 
|techdscRE=Geothermal Electric, Solar Photovoltaics
 
|techdscRE=Geothermal Electric, Solar Photovoltaics
 
|Incentive/ApplDsc=Residential
 
|Incentive/ApplDsc=Residential
|Incentive/Summary=Md. Property Tax Article § 9-203 allows local governments to offer property tax credits for energy conservation devices if they choose to do so. This credit, available only for residential buildings, is set at the lesser of 50% of the cost of the system or $5,000 for heating devices and $1,500 for devices that supply hot water. There is no dollar limit on credits for PV or cooling systems, although the credit claimed each year cannot exceed the amount of county property taxes owed during that year. Excess credits can be carried over for 2 years.
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|Incentive/Summary=The allocated budget for this program has been met.  There is now a wait list for new credits. The wait for applications not yet received is expected to last until at least July 2015.
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Md. Property Tax Article § 9-203 allows local governments to offer property tax credits for energy conservation devices if they choose to do so. This credit, available only for residential buildings, is set at the lesser of 50% of the cost of the system or $5,000 for heating devices and $1,500 for devices that supply hot water. There is no dollar limit on credits for PV or cooling systems, although the credit claimed each year cannot exceed the amount of county property taxes owed during that year. Excess credits can be carried over for 2 years.
 
|Incentive/InstallReqs=
 
|Incentive/InstallReqs=
 
|Incentive/Terms=
 
|Incentive/Terms=

Revision as of 08:47, 5 July 2013


Last modified on July 5, 2013.

EZFeed Policy

Place Maryland
Applies to County Baltimore County, Maryland


Name Baltimore County - Solar and Geothermal Equipment Property Tax Credit
Policy Category Financial Incentive
Policy Type Property Tax Incentive
Affected Technologies Geothermal Electric, Solar Photovoltaics
Active Policy No
Implementing Sector Local















Primary Website http://amlegal.com/nxt/gateway.dll/Maryland/baltimore_co/baltimorecountycode?f=templates$fn=default.htm$3.0$vid=amlegal:baltimoreco_md




Information Source http://www.baltimorecountymd.gov/Agencies/budfin/


Summary

The allocated budget for this program has been met. There is now a wait list for new credits. The wait for applications not yet received is expected to last until at least July 2015.

Md. Property Tax Article § 9-203 allows local governments to offer property tax credits for energy conservation devices if they choose to do so. This credit, available only for residential buildings, is set at the lesser of 50% of the cost of the system or $5,000 for heating devices and $1,500 for devices that supply hot water. There is no dollar limit on credits for PV or cooling systems, although the credit claimed each year cannot exceed the amount of county property taxes owed during that year. Excess credits can be carried over for 2 years.




















References