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.
April 19, 2017
Power & Utilities | Energy Storage Policy Brief