Prince George's County - Solar and Geothermal Equipment Property Tax Credit (Maryland)
Last modified on July 9, 2013.
|Applies to County|| Prince George's County, Maryland
|Name||Prince George's County - Solar and Geothermal Equipment Property Tax Credit|
|Policy Category||Financial Incentive|
|Policy Type||Property Tax Incentive|
|Affected Technologies||Geothermal Electric, Solar Photovoltaics, Wind energy|
|Implementing Sector|| Local
|Primary Website|| http://www.dsireusa.org/documents/Incentives/MD28F.htm
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 applies to geothermal and solar PV and thermal systems on residential structures only. The credit is equal to 50% of the cost of the system, up to $5,000 for heating and cooling systems and $1,500 for water heating systems. The amount of the tax credit cannot exceed the taxes imposed on the property during a fiscal year. Maximum credits issued by the country during a fiscal year cannot exceed $250,000.