Maryland - SB758 - 2017

Income Tax Credit - Energy Storage Systems

View Latest Bill

Financing and Financial Incentives

Added On: 03-30-2017
Updated On: 05-03-2017
Status: Enacted
Primary Sponsor: Guy Guzzone (Democratic)





Companion Bills (1)

Actions (24)

  • 02-03-2017 - First Reading Budget and Taxation
  • 02-24-2017 - Hearing canceled
  • 03-01-2017 - Hearing 3/01 at 2:30 p.m.
  • 03-01-2017 - Hearing 3/01 at 1:00 p.m.
  • 03-06-2017 - Favorable Report by Budget and Taxation
  • 03-07-2017 - Favorable
  • 03-07-2017 - Special Order until 3/8 (Senator Hershey) Adopted
  • 03-08-2017 - Second Reading Passed with Amendments
  • 03-08-2017 - Favorable Report Adopted
  • 03-08-2017 - Floor Amendment {873227/1 (Senator Hershey) Adopted
  • 03-08-2017 - Favorable
  • 03-08-2017 - Special Order until later today (Senator Hershey) Adopted
  • 03-10-2017 - First Reading Ways and Means
  • 03-10-2017 - Third Reading Passed (46-0)
  • 03-23-2017 - Hearing 3/23 at 1:00 p.m.
  • 04-08-2017 - Second Reading Passed with Amendments
  • 04-08-2017 - Favorable with Amendments {945260/1 Report Adopted
  • 04-08-2017 - Favorable with Amendments Report by Ways and Means
  • 04-10-2017 - Passed Enrolled
  • 04-10-2017 - Third Reading Passed (46-0)
  • 04-10-2017 - Senate Concur - House Amendments
  • 04-10-2017 - Third Reading Passed with Amendments (101-11)
  • 04-10-2017 - Floor Amendment {883825/1 (Delegate Reznik) Adopted
  • 05-04-2017 - Approved by the Governor - Chapter 389

Votes (3)

DateMotion (click for details)ChamberCommitteeYes
Votes
No
Votes
Other
Votes
Passed
03-10-2017Senate Floor - Third Reading Passed (46-0)Senate4601yes
04-03-2017Senate Floor - Third Reading Passed (46-0)Senate4601yes
04-03-2017House Floor - Third Reading Passed with Amendments (101-11)House1011129yes

News (5)

GTM: Policy study focuses on energy storage incentives in Hawaii and Maryland - Energy Storage News
Published by energy-storage.news
Tue, 23 May 2017 09:36:53 GMT

Secondly, Maryland's SB 758 earmarks US$750,000 annually in tax credits for behind-the-meter energy storage systems, which could amount to 150 residential or 10 commercial systems (or a mix of both). Simon notes that this bill is a “foundational” piece ...

A National First: Md. Legislature Passes Energy Storage Tax Credits - Solar Industry
Published by solarindustrymag.com
Mon, 17 Apr 2017 19:09:37 GMT

“Maryland is charging ahead!” proclaims the Energy Storage Alliance (ESA). In an announcement, the ESA says the Maryland legislature recently passed a bill that will make Maryland the first state in the country to establish a dedicated tax credit for ...

Maryland Passes First Energy Storage Tax Credit Nationwide - Energy Manager Today
Published by energymanagertoday.com
Thu, 13 Apr 2017 13:57:04 GMT

On April 10, the Maryland General Assembly took an historic step – becoming the first in the nation to pass legislation (SB-758) that provides a tax credit for the installation of an energy storage system. Sponsored by State Senator Guy Guzzone (D ...

Maryland legislation backs growing role for energy storage - pv magazine USA
Published by pv-magazine-usa.com
Wed, 12 Apr 2017 17:18:46 GMT

Senate Bill 758 will establish tax credits for up to 30% of the cost of residential and commercial energy storage systems starting next year, while House Bill 773 will mandate a study of regulatory reforms and incentives to boost storage deployment. If ...

Maryland's 30% tax credit for energy storage close to becoming law - Energy Storage News
Published by energy-storage.news
Thu, 13 Apr 2017 15:42:25 GMT

Maryland will become the first state in the US to offer tax credits for customer-sited energy storage, as and when state Governor Larry Hogan approves Senate Bill 758 (SB 758). Senator Guy Guzzone and Delegate Kirill Reznik have led the passing of the ...