Regulation .03 Description of the Tax Credit.
Current through 2026-01-20. Source: COBRA Register Volume 04, Issue 02. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., COBRA § 05.02.13.03 (2026)
Regulation .03 Description of the Tax Credit.LinkCopy Citation
A.
In General.
In accordance with <cite data-doc="City of Baltimore, Md., Code" data-path="|28|§10-31">City Code Article 28, § 10-31</cite>, the Department shall grant the tax credit against the City property tax imposed on a dwelling to which a solar energy device or geothermal energy device is:
(1)
Installed; and
(2)
In use.
B.
Amount.
(1)
The Department shall ensure the amount of the tax credit is the lesser of:
(a)
Fifty percent of an eligible cost up to a maximum of $5,000; or
(b)
Fifty percent of an eligible cost up to a maximum of $1,500, if the energy conservation device is installed exclusively to provide hot water for use in the dwelling.
(2)
The Department shall ensure the amount of the tax credit applied in a tax year does not exceed the property tax imposed on the dwelling in that tax year.
History: