|Policy Type:||Economic Instruments>Fiscal/financial incentives>Tax relief|
|Policy Target:||Multiple RE Sources>Power|
|Size of Plant Targeted:||Small|
|Agency:||Maryland Energy Administration|
|Legal References:||The Maryland Clean Energy Incentive Act|
The Maryland Clean Energy Production Tax Credit encourages the adoption of power generating renewable energy sources. Applicants can receive a USD/kWh credit against the state income tax for a five-year period for electricity generated by eligible resources. The minimum tax credit limit is USD 1,000 and the maximum incentive is USD 2.5 million (over the five-year period).
Last modified: Thu, 09 Feb 2017 16:35:12 CET