Maryland Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 12/10/2012
Program Overview:
| State: |
Maryland |
| Incentive Type: |
Property Tax Incentive |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Space Heat, Photovoltaics, Geothermal Heat Pumps |
| Applicable Sectors: |
Residential |
| Amount: | 50% of the cost of materials and installation less any federal and state grants and state solar energy tax credits |
| Maximum Incentive: | $2,500 |
| Start Date: | 01/01/2007 (solar); 01/01/2009 (geothermal) |
| Web Site: |
http://www.aacounty.org/Finance/Forms.cfm
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Authority 1:
Date Effective:
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Anne Arundel County Code § 4-2-312
01/01/2007
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Authority 2:
Date Effective:
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Anne Arundel County Code § 4-2-309
06/10/2010
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Authority 3:
Date Enacted:
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Council Bill 84-12
11/19/2012
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Summary:
Anne Arundel County offers a one-time credit from county property taxes on residential dwellings that use solar and geothermal energy equipment for heating and cooling, and solar energy equipment for water heating and electricity generation. Photovoltaic (PV) systems and geothermal systems were initially not eligible for the tax credit, but PV systems were added by legislation enacted in January 2009 (County Bill 81-08) and geothermal heating and cooling systems were added in April 2010 (County Bill 17-10). Solar energy devices must be installed on or after January 1, 2007 in order to be eligible for the tax credit. Geothermal equipment must be installed on or after January 1, 2009 in order to be eligible for the tax credit. Expenditures for solar pool heating are not eligible for the tax credit.
The one-time tax credit is calculated as the lesser of the following:
- 50% of the cost of materials and installation of the solar energy equipment, less the amount of federal and state grants and state solar energy tax credits; or
- $2,500
It is important to note that the tax credit is credited from the taxes on the dwelling itself and not those levied on the land. Applications must be filed on or before June 1 of the year immediately preceding the year for which the credit is sought. In 2012 new legislation (Council Bill 84-12) removed the former June, 1 2012 application deadline for PV systems. Please contact the Anne Arundel County Office of Finance for tax credit applications and further information. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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