Conservation and efficiency are not at odds with profitability in Maryland; the state is one of only a few to have removed incentives for electric utilities to sell more energy to make more money. Baltimore Gas and Electric (BGE) provides tips to businesses on improving efficiency.
Conventional Energy
BGE offers an Economic Incentive Development Rate that provides three and five year price reductions, providing temporary price reductions on qualifying new electric load when it's combined with employment expansion.
Renewable Energy and Efficiency Incentives
Clean Energy Incentive
The Maryland Clean Energy Incentive Act establishes a program to award tax credits to individuals and corporations that use qualified energy resources at a qualifying Maryland facility to produce electricity.
Green Buildings
Maryland provides a tax credit for the construction of green building. The credit is worth up to 8% of the total cost of the building. Buildings must be located in a priority funding area and be at least 20,000 square feet.
Property Tax Exemptions
Most locations within the Greater Baltimore area offer property tax credits for the utilization of solar power technologies. There are also State and Federal credits available.
Solar and Geothermal Tax Incentive and Grant Program
This program exempts certain geothermal and solar energy equipment from sales tax, as well as providing property tax exemptions and price caps on geothermal property.
State Agency Loan Program
Through this revolving loan program, the Maryland Energy Administration provides loans to State agencies for cost-effective energy efficiency improvements in State facilities.
Windswept Grant Program
Offsets a portion of the cost of small-scale wind energy projects to non-residential properties that who install eligible wind energy systems of at least 1.5 kW.
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