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Maryland Electric Vehicle Tax Credits, Rebates and Incentives
Maryland residents can take advantage of two state-level programs to save on electrification. These incentives can be combined with federal EV charging rebates and tax credits, maximizing your total savings on electric vehicles.
Maryland’s $3,000 Tax Credit for EVs
Maryland residents can qualify for a tax credit of up to $3,000 when buying or leasing an EV or PHEV (plug-in hybrid electric vehicle). The credit is available to new vehicles that cost under $50,000 and have a battery capacity of at least 4 kWh.
Additionally, businesses in the state can claim this credit on up to ten vehicles.
Utility Rebates for Electric Vehicles in Maryland
Unlike other states, no utilities in Maryland offer EV rebates on electric vehicle purchases or leases.
Instead, many utilities in the state are focusing on providing other incentives, such as time-of-use pricing models and EV charger rebates, to reduce the cost of charging your EV at home. Additionally, utilities are investing in expanding the EV charging infrastructure in the state, making it more convenient for drivers to find charging stations.
Federal Tax Credits For Electric Vehicles
In addition to the above incentives for EVs, car buyers may also qualify for federal tax credits like the clean vehicle tax credit of up to $7,500 for new vehicles, or the used clean vehicle tax credit for up to $4,000. Income restrictions as well as battery component and critical mineral restrictions may apply. Be sure to speak to a qualified CPA or tax professional to check your eligibility.
Maryland EV Charger Rebates
The Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program aims to help residents and businesses save on the purchase and installation of an EV charger. Eligible equipment includes Level 2 chargers for residential use and DC Fast chargers for commercial EV charger installations. The rebate go towards costs such as the charger itself, any necessary electrical upgrades, permits, installation costs, and even the design for commercial projects.
Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program
The residential rebate provides a maximum of $700, covering up to 50% of the total cost of the EV charger project. For commercial installations, the rebate also covers up to 50% of costs, with a cap of $5,000.
With $2.5 million in funding allocated for 2025, this first-come, first-served program is an excellent opportunity to offset EV charging expenses.
EV Charger Rebates from Maryland Utilities
With 80% of EV drivers charging at home, it’s clear that home charging remains the most convenient option. If you’re a customer of one of these utilities, you can benefit from their programs to save on an at-home EV charger.
Southern Maryland Electric Cooperative (SMECO) EV Recharge Program
With the SMECO EV Recharge program, EV owners can earn $120 a year by signing up for the utility’s managed charging program. In this program, when demand for electricity goes up, the utility will make adjustments to your charging schedule or speed. It is important to note that you will have to install a compatible Level 2 EV charger to become eligible for this program.
If this program doesn’t sound like a good match for your charging needs, you can still earn $50 a year as a bill credit by sharing your EV charging data with the utility.
Potomac Edison Company EV Driven Charging Incentives
Under their EV Driven program the Potomac Edison Company offers incentives up to $20,000 for multifamily EV charging projects, capped at 50% of project costs. Level 2 and DC Fast Charging stations are eligible.
For multifamily properties in underserved communities, additional benefits are available, including the utility installing and operating charging stations at select locations.
EV Charging Rates in Maryland
Many Maryland utilities offer time-of-use (TOU) plans that help you save by shifting your EV charging schedule to overnight, when demand for electricity is generally lower. Additionally, you can compare different retail energy suppliers in your area to find the most affordable rates available.
A&N Electric Cooperative
A&N’s TOU plan comes with an off-peak rate of $0.04 per kWh year-round and on-peak rates of $0.31 in the summer and $0.16 in the winter. The on-peak period lasts from 6 a.m. to 8 a.m. and 3 p.m. to 8 p.m. in the winter, and 3 p.m. to 8 p.m. in the summer.
Southern Maryland Electric Cooperative
As a member of the Southern Maryland Electric Cooperative, you can sign up for the utility’s TOU plan and pay only $0.07 per off-peak kWh through a dedicated meter exclusively for your EV charging. During the on-peak period, you’ll pay $0.16 per kWh in the summer and $0.15 per kWh in the winter.
In the winter, off-peak hours last from 12 a.m. to 6 a.m., 9 a.m. to 5 p.m., and 8 p.m. to 12 a.m. In the summer, you can save by charging during scheduled off-peak hours from 12 a.m. to 2 p.m. and 7 p.m. to 12 a.m.
Potomac Electric Power Company
The Potomac Electric Power Company offers a whole-home TOU rate with an on-peak price of $0.16 per kWh from 12 p.m. to 8 p.m and an off-peak rate of only $0.06 per kWh.
Potomac Edison
Through Potomac Edison’s EV Driven program, you can sign up for the utility’s TOU rate and earn $0.02 per kWh used during off-peak hours as a bill credit.
This bill credit is the equivalent of paying $0.07 per kWh from 11 p.m. to 6 a.m. From 6 a.m. to 11 p.m., you’ll pay $0.11 per kWh.
Delmarva Power & Light
Delmarva Power & Light is another Maryland utility that offers a TOU plan. With an off-peak rate of $0.05 per kWh and an on-peak rate is $0.11 per kWh, this is a great way to save even more on your EV charging.
The on-peak period lasts from 2 p.m. to 7 p.m. in the summer, and from 6 a.m. to 9 a.m. and 5 p.m. to 9 p.m. in the winter.
Baltimore Gas & Electric Company
If you’re a Baltimore Gas & Electric Company customer, you can sign up for the utility’s TOU rate and only pay $0.03 per off-peak kWh and $0.11 per on-peak kWh.
The on-peak rate lasts from 10 a.m. to 8 p.m. in the summer, and from 7 a.m. to 11 a.m. and 5 p.m. to 9 p.m. in the winter.
Public EV Charging Stations in Maryland
Maryland is currently home to 1,600 EV charging locations, with plans to expand further. So far, the state has received over $12 million in NEVI funding to expand this network by adding 130 new sites equipped with Level 3 EV chargers, also known as DC Fast chargers.
How Many Public EV Charging Stations Are in Maryland?
Maryland has over 1,600 public charging stations available to EV drivers and more than 4,500 public charging ports. This includes over 3,500 Level 2 and over 1,000 DC Fast charger ports.
There are 60 Tesla Supercharger stations and 546 Tesla Supercharger ports in Maryland.
How Much Do Public EV Charging Stations Cost in Maryland?
Maryland EV charging costs can vary depending on the network. For example, Delmarva Power & Light operates 100 chargers throughout the utility’s service area, charging $0.18 per kWh for Level 2 charging and $0.34 per kWh for DC Fast charging.
Maryland Transportation Authority in Baltimore and Annapolis follow the same pricing structure. At University of Maryland public charging will cost you $0.20 per kWh, while in Ocean City, rates range from $2 per hour for Level 2 charging to $4 per hour for DC Fast charging.
Are There Free Electric Car Charging Stations in Maryland?
Yes, free EV charging options are also available throughout the state. For example, the City of Hyattsville provides free Level 2 EV charging stations located at various city parking lots and the Columbia Mall offers free EV charging options as well.
Where Are Public Charging Stations Located for Electric Cars in Maryland?
You can find EV charging stations in Maryland, but there tend to be more options available in large cities throughout the state.
Tesla has built a Supercharger network of fast charging stations throughout the state, with locations approximately 150 miles apart along I-95 and Hwy-355.
Visit the U.S. Department of Energy’s Alternative Fuels Data Center Map of EV Charging Station Locations in Maryland, which can be sorted and filtered based on public access, charger type (Level 1, Level 2, DC Fast), and connector type (NACS, J1772, CCS, CHAdeMO).
Home Electrification Incentives in Maryland
The state of Maryland has access to offer home energy rebates funded through the Inflation Reduction Act, including $68.6 million for home efficiency rebates and $68.2 million for home electrification. Available funding is for things like appliance rebates, insulation and air sealing, heat pumps for space and water heating, and smart electrical panels.
Combining EV ownership with other electrification projects, such as upgrading your home with solar panels & battery storage, or investing in a heat pump, will help you save even more while reducing your environmental impact.
In Maryland, you may qualify for home electrification incentives through your electricity provider in addition to the U.S. federal government. Scroll down to read rebate and incentive details for specific home electrification technologies.
Battery Storage
Maryland homeowners who install battery storage are eligible for a state tax credit up to $5,000, or 30% of the cost of the system, whichever is less. Funding is limited to around 90 households per year.
Additionally, the 25D Residential Clean Energy Tax Credit provides a 30% federal tax credit on the cost of new battery storage systems size 3kWh and larger.
Electrical Panels
The 25C Energy Efficient Home Improvement Tax Credit provides a federal tax credit for electrical panel upgrades needed to complete electrification projects like heat pumps and heat pump water heaters (up to 30% of project costs, capped at $600). The 25C tax credit can be used by renters, and homeowners making upgrades to their primary or secondary home.
Qualifying electrical panels must meet the standards of the National Electric Code (NEC) and have a capacity of 200 Amps or more. This means that your new/upgraded panel must be able to serve a load of at least 200 Amps, but you don’t need 200 Amps of incoming utility service. Smart panels may qualify if they allow you to serve a load of 200 Amps.
If you’re claiming 25D for a residential solar or battery storage project and the installation required you to upgrade your main panel, you may be able to apply 25D to electrical panel costs as well.
Heat Pumps & Heat Pump Water Heaters
Rebates may be available for installing heat pumps and heat pump water heaters in Maryland. Speak with your local utility provider to confirm specifics about programs that are available in your area.
The 25C Energy Efficient Home Improvement Tax Credit also applies to heat pumps and heat pump water heaters. A 30% federal tax credit is available (capped at $2,000 dollars). Eligible technologies must meet certain energy efficiency requirements.
Solar Panels
A $1,000 rebate is available to homeowners for going solar from the Maryland Energy Administration. Additionally, the 25D Residential Clean Energy Tax Credit provides a 30% federal tax credit on the cost of photovoltaic (PV) solar panel systems.
Maryland’s statewide Solar Renewable Energy Certificates (SREC) program compensates PV solar owners 1 SREC for every megawatt-hour of clean electricity produced. For residential systems, you’ll earn around $55 per SREC.
Recent Maryland EV Charging News
Maryland to add 29 EV charging sites along major highways like I-83, I-695
Maryland’s EV charger rebate program is now open and it’s really good
Why Qmerit is the #1 EV Charger Installer in Maryland
Stacking Maryland’s $3,000 EV tax credit with the state’s $700 EV charger rebate program and any additional incentives your utility may offer results in significant savings.
On top of reducing your carbon footprint, driving an EV and charging at home will help you unlock long-term savings. To maximize these benefits, make sure to hire a certified EV charger installer.
As North America’s most trusted and largest network of certified EV charger installers, Qmerit is recommended by automakers, EV charger manufacturers, utilities, businesses, and homeowners alike. Rated #1 in customer satisfaction, our expert network has installed over 450,000 EV charging stations across the U.S. and Canada.
Discover how Qmerit is paving the way forward for residential EV charger installation and whole-home electrification solutions. Contact us today to find out how easy home electrification can be!