# COMAR Title 14 — Independent Agencies

## Subtitle 26 — Maryland Energy Administration

### Chapter 07 — Maryland Energy Storage Systems Income Tax Credit Program

#### Regulation .06 Amount of Tax Credit.

*COMAR 14.26.07.06*

An individual or corporation that receives a credit certificate from the Administration may claim a credit against the individual’s or corporation’s State income tax for a specified taxable year in an amount that may not exceed the lessor of:

A. For a qualifying energy storage system installed:

  (1) On a residential property, $5,000;

  (2) On a commercial property, $75,000; or

  (3) 30 percent of the total installed costs of the qualifying energy storage system.

B. The Administration may bifurcate the annual program budget to allow for a funding allocation for both residential and commercial participants.