Country:United States
Year:2006
Policy status:Ended
Jurisdiction:State/Regional
Date Effective:2006
Date Ended:2015
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Multiple RE Sources>Power
Policy Sector:Electricity
Size of Plant Targeted:Small
Agency:Maryland Energy Administration
URL:http://energy.maryland.gov/business/pages/incentives/cleanenergytaxcredit.aspx
Legal References:The Maryland Clean Energy Incentive Act
Description:

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