Maryland legislature has passed a bill (SB 758) establishing the nation’s first tax credits for energy storage systems. The legislation is well timed to support Maryland’s new renewable portfolio standard goals, reflecting the growing role of energy storage technologies in supporting the growth of renewables. Maryland could serve as a model for states exploring ways to bolster their nascent storage markets, as tax credits present a simpler alternative to mandates and incentives.
Stay on top with the Enerknol Week Ahead. Coming up next week, MISO releases the results of its highly anticipated annual capacity auction, FERC and regional grid operators mull distributed energy in wholesale markets, and Energy Secretary Perry testifies before Congress. All of this and more made possible by the EnerKnol Platform. We welcome your feedback at firstname.lastname@example.org.