New Incentives for Solar and Geothermal Energy in Maryland
Maryland Energy Administration (MEA)
April 30, 2008
Maryland House Bill #377- Tax Incentives
Effective July 1, 2008, grants will be available to individuals, businesses and local governments in the following categories:
• Photovoltaic Solar $2,500 per kW installed up to $10,000 maximum grant amount.
• Solar Water Heating 30% of system cost up to $3,000 maximum grant amount.
• Residential Geothermal Up to $1,000 per ton with a maximum grant amount of $3,000.
• Commercial Geothermal Up to $1,000 per ton with a maximum grant amount of $10,000.
There are also new State tax incentives available for solar and geothermal:
• State Sales and Use Tax Exemption for solar and geothermal equipment.
• Property Tax Exemption (property cannot be assessed at a higher value due to the project installation).
Incentives for Solar and Geothermal Energy in Maryland: Download
Residential Energy Credits by the Federal Government USA: Download
U.S. Federal government endorses small wind turbines with tax credit
New law gives up to $4,000 to consumers who purchase Southwest Windpower’s Skystream 3.7
Flagstaff, Ariz. - Southwest Windpower, the leading manufacturer of small wind turbines, played a leadership role in the passage of new legislation creating a federal-level tax credit for qualified small wind turbines – a significant leap for the small wind industry as a whole. This legislation marks the first federal incentive for small wind systems since 1985.
Take advantage of these offered programs order your equipment today !!
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