Baltimore County - Solar and Geothermal Equipment Property Tax Credit (Maryland)
Last modified on February 12, 2015.
|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|
|Implementing Sector|| Local
|Primary Website|| http://www.baltimorecountymd.gov/Agencies/environment/sustainability/residents.html
|Last Review|| 2014-09-15
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.