ROBERT L. EHRLICH, JR., Governor                             Ch. 128

(e) (1) Subject to the limitations under paragraph (2) of this subsection, the
credit allowed under this section includes 15% of the total installed cost of
photovoltaic property or solar water heating property.

(2) The credit allowed under this subsection may not exceed:

(i) $2,000 for each system for photovoltaic property; and

(ii) $1,000 for each system for solar water heating property.

(d)     (1) The total amount of the credit allowed under this section for any
taxable year may not exceed the State income tax for that taxable year, calculated
before application of the credits under this section and §§ 10-701 and 10-701.1 of this
subtitle, but after application of the other credits allowable under this subtitle.

(2) The unused amount of the credit for any taxable year may not be
carried over to any other taxable year.

(e)     Except as otherwise provided in this title, for purposes of determining
Maryland taxable income, the basis of property with respect to which the credit under
this section is allowed shall be its basis for federal income tax purposes.

(f) The credit under this section may not be claimed for property placed in
service:

(1) before July 1, 2000; or

(2) after December 31, [2004] 2014.

Article - State Government

9-2006.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2)     "PHOTOVOLTAIC PROPERTY" MEANS SOLAR ENERGY PROPERTY
THAT USES A SOLAR PHOTOVOLTAIC PROCESS TO GENERATE ELECTRICITY AND
THAT MEETS APPLICABLE PERFORMANCE AND QUALITY STANDARDS AND
CERTIFICATION REQUIREMENTS IN EFFECT AT THE TIME OF ACQUISITION OF THE
PROPERTY, AS SPECIFIED BY THE MARYLAND ENERGY ADMINISTRATION.

(3)     "PROGRAM" MEANS THE SOLAR ENERGY GRANT PROGRAM.

(4)      (I) "SOLAR ENERGY PROPERTY" MEANS EQUIPMENT THAT USES
SOLAR ENERGY:

1. TO GENERATE ELECTRICITY;

2.       TO HEAT OR COOL A STRUCTURE OR PROVIDE HOT WATER
FOR USE IN A STRUCTURE: OR

3.       TO PROVIDE SOLAR PROCESS HEAT.

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