Maryland Clean Energy Incentive Credit

Article ID: 58723  

Question
Maryland Clean Energy Incentive Credit

Answer

This credit is allowed if a Maryland facility is originally placed in service or initially began co-firing, during the period of 1/1/2006 through 12/31/2019 and produces electricity during the tax year primarily using qualified energy resources derived from:

• Wind

• Open and Closed Loop Biomass

• Geothermal

• Solar

• Small Irrigation

• Municipal Solid Waste

• Qualified Hydropower

The credit is 0.85 cents for each kilowatt hour of electricity produced at a Maryland facility using qualified energy resources during the five-year period specified in the initial credit certificate.

You must have obtained an initial credit certificate from Maryland Energy Administration before January 1, 2019 in order to claim this credit.


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Views: 1463 Created on: Jun 15, 2013