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Maryland lawmakers have introduced a bill in the state legislature that sponsors say would provide an easier path to build new power plants, including natural gas-fired facilities, and lower utility bills for ratepayers as part of the process.
The post Maryland Officials Support Gas Plants Among Cleaner Forms of Generation appeared first on POWER Magazine.
April Marks Twelfth Consecutive Month of Job Growth in Maryland The Southern Maryland Chronicle
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Maryland on April 10 became the first state in the nation to pass legislation enacting a tax credit for residential and commercial energy storage installations.
The measure passed unanimously in the state Senate, and with a 101–11 vote in the House. Gov. Larry Hogan (R) is expected to sign SB 758 into law.
The bill offers up to $ 5,000 for residential installations, $ 150,000 for commercial installations, or 30% of the total cost of installations. Credits can only be claimed for systems installed between January 2018 and December 2022. The tax credit applies to all energy storage technologies.
Earlier this week, Maryland also passed HB 773, which calls for an energy storage technology study to determine how Maryland can use energy storage to open the path to a more reliable electric system.
According to the Energy Storage Association, in 2016, commercial deployment of energy storage systems grew more than 100% over the previous year and installed system costs plummeted another 30%.…