Maryland Energy Tax Credits and Maryland Energy Rebates

Residential: Maryland Energy Tax Credits and Maryland Energy Rebates

Geothermal Grants The Maryland Energy Administration (MEA) offers grants of up to $1,000 for residential geothermal heat pump systems. Grants are provided at a rate of $500 per ton of refrigeration capacity, equivalent to 12,000 BTUs.
Sales Tax Exemption In 2008, Maryland implemented a zero sales tax regulation on Geothermal Devices. If you buy a Geothermal system, you will pay no Maryland sales tax.

Corporate & Commercial: Maryland Energy Tax Credits and Maryland Energy Rebates

Geothermal Rebates The Maryland Energy Administration (MEA) offers rebates of up to $10,000 for non-residential geothermal heat pump systems. Grants are provided at a rate of $500 per ton of refrigeration capacity, equivalent to 12,000 BTUs.
The Maryland Energy Administration offers loans for the installation of electric and fuel (gas, fuel oil, propane, and coal) energy efficiency improvements to commercial and industrial businesses located in Maryland. Projects must have a simple payback period of 10 years or less in order to qualify for a loan. Loan amounts may range from a minimum of $35,000 up to $500,000 for electric-only energy efficiency projects and $750,000 for projects that involve both electric and fuel efficiency measures.
Jane E. Lawton Conservation Loan Program Loans under the program can be made to eligible nonprofits, including hospitals and private schools; and local governments, including public school systems and community colleges. This program provides local governments and nonprofits in the State with loans to reduce their operating expenses by identifying and installing energy conservation improvements. It allows borrowers to use the cost savings generated by the improvements as the primary source of revenue for repaying the loans.

County-by-County: Maryland Energy Tax Credits and Maryland Energy Rebates

Anne Arundel County Allows homeowners to deduct up to $2,500 of the cost of a new geothermal heating and cooling system from their property taxes. The benefit is a one-time energy tax credit, and can be used on any geothermal heating or cooling system installed after January 1, 2009.
Harford County Offers an energy tax credit for real property taxes imposed on residential or nonresidential buildings or other structures that use geothermal devices for heating, cooling, or generating electricity for on-site consumption. The energy tax credit amount is equal to one year of total real property taxes or $2,500, whichever is less.
Montgomery County Offers property tax credits on residential, owner-occupied structures equipped with geothermal or other energy conservation devices. The geothermal energy tax credit is equal to 50% of the cost of the system, up to $5,000 for heating, cooling systems, and electricity generating systems and $1,500 for water heating systems.
Prince George’s County Offers property tax credit on residential structures equipped with geothermal systems. The energy tax credit is equal to 50% of the cost of the system, up to $5,000 for heating and cooling systems and $1,500 for water heating systems.

Other Programs: Maryland Energy Tax Credits and Maryland Energy Rebates

BGE Residential Heating & Cooling programs are designed to improve the effectiveness and the operational efficiency of installed heating, ventilating, and air conditioning (HVAC) equipment in existing residential units.
Act now to receive the following benefits:

Duct Sealing Energy Rebates: Rebates of $250 for duct sealing
Equipment Energy Rebates: Rebates of $150–$500 on high-efficiency heating and cooling equipment, including Geothermal.

Federal Energy Tax Credits and Energy Rebates

Federal Energy Tax Credits for Residential Owners Geothermal heat pumps are eligible for 30% of the installed cost without a cap, as provided under the American Recovery and Reinvestment Tax Act of 2009 (ARRA). The incentive is available for taxpayers installing qualifying equipment at their primary residence or second home, but not for a rental property.
Federal Energy Tax Credits for Commercial Owners Two options exist for the commercial incentive. An investment energy tax credit of 10% of the installed cost is available through 2016. The ARRA legislation also provides the option of taking a grant in lieu of the energy tax credit, worth 10% of the installed costs for equipment placed in service during 2009 and 2010.