It pays to install home energy battery storage in Maryland.
This week, renewable energy company CleanChoice Energy announced that Maryland ratepayers could be eligible for up to $5,000 in tax credits if they install home battery storage systems, which CleanChoice believes can be a sensible solution for the more than 377 power outages that affected more than 4 million Marylanders in 2018.
“Through this partnership with Swell, Marylanders can have peace of mind knowing their lights will stay on when the power goes out,” CleanChoice Founder and CEO Tom Matzzie said in a statement. “Home battery backup makes homes more resilient and moves us closer to a 100% clean energy future.”
According to the Maryland Energy Administration (MEA), the tax-credit program’s official name is the Maryland Energy Storage Income Tax Credit Program.
The program has $750,000 at its disposal: $300,000 for residential customers and $450,000 for commercial customers. The MEA approves the credits on a first-come, first-served basis.
Batteries Can Equalize “Nine Out of Ten” Utility Outages
CleanChoice Energy works with Swell Energy to install Tesla Powerwall 2 batteries in ratepayers’ homes. One battery can hold up to 13 kilowatt-hours of electricity, which can supply the average Maryland home with between 6.5 to 13 hours of energy in the event of an outage.
In previous statements about the program, CleanChoice has said that 12 hours of stored energy is enough “to get through nine out of ten utility company power outages.”
Furthermore, the company argued that batteries are kinder to the environment when compared to their gas-generator counterparts.
“Home energy batteries are a clean alternative to dirty generators that run on polluting fuels including gasoline, propane, natural gas, and diesel fuel. Burning fossil fuels contributes to climate change and unhealthy air pollution,” CleanChoice asserted.
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