Clean Energy Tax Credit (Maryland)
Last modified on February 12, 2015.
|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|
|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
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.
|Contact Name||Comptroller of Maryland|
|Department||State of Maryland|
|Division|| Revenue Administration Division
|Phone||410-260-7980 from Central Maryland|
|Phone 2||1-800-MD TAXES from elsewhere|
|Contact Name||Chris Rice|
|Department||Maryland Energy Administration|
|Address||60 West Street, Suite 60|
|Phone 2||1-800-72 ENERGY|