(a) (1) In this section the following words have the meanings indicated. (2) "Eligible applicant" means: (i) the owner of a residential property who purchases and installs an energy storage system on the residential property; (ii) the owner of a commercial property who purchases and installs an energy storage system on the commercial property; or (iii) an individual or a business entity that owns or pays for the installation of an energy storage system that supplies electrical energy intended for use on the residential or commercial property on which the energy storage system is installed. (3) "Energy storage system" means a system used to store electrical energy, or mechanical, chemical, or thermal energy that was once electrical energy, for use as electrical energy at a later date or in a process that offsets electricity use at peak times. (4) "Fund" means the Energy Storage System Grant Fund. (5) "Program" means the Energy Storage System Grant Program. (b) There is an Energy Storage System Grant Program in the Administration. (c) The purpose of the Program is to provide grants to individuals and business entities for a portion of the costs of purchasing and installing energy storage systems. (d) The Administration shall: (1) administer the Program; (2) establish application procedures for the Program; and (3) award grants under the Program. (e) Subject to the availability of money in the Fund, an eligible applicant may apply for a grant under the Program for costs incurred to purchase and install an energy storage system. (f) A grant awarded under the Program may not exceed the lesser of: (1) (i) for an energy storage system installed on a residential property, $5,000; or (ii) for an energy storage system installed on a commercial property, $150,000; or (2) 30% of the total installed costs of the energy storage system. (g) The Administration shall approve all applications that qualify for a grant under the Program: (1) on a first-come, first-served basis; and (2) in a timely manner. (h) A grant under this section may not be awarded for an energy storage system installed before January 1, 2025. (i) (1) There is an Energy Storage System Grant Fund. (2) The Administration shall administer the Fund. (3) (i) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article. (ii) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund. (4) The Fund consists of: (i) money appropriated in the State budget to the Fund; and (ii) any other money from any other source accepted for the benefit of the Fund. (5) The Fund may be used only for: (i) providing grants under the Program to eligible applicants; and (ii) administrative costs of the Program. (6) (i) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested. (ii) Any interest earnings of the Fund shall be credited to the General Fund of the State. (j) The Administration may adopt regulations to carry out this section. §9-2013. IN EFFECT // EFFECTIVE UNTIL JUNE 30, 2027 PER CHAPTER 577 OF 2022 // (a) (1) In this section the following words have the meanings indicated. (2) "Fund" means the Mechanical Insulation Installation Grant Fund. (3) "Mechanical insulation" means insulation materials, facings, and accessory products used for thermal requirements for mechanical piping and equipment, hot and cold applications, and heating, ventilation, and air-conditioning applications. (4) "Minimum ASHRAE standard" means the minimum American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) standard 90.1-2019 (Energy Standard for Buildings Except Low-Rise Residential Buildings). (5) "Program" means the Mechanical Insulation Installation Grant Program. (6) (i) "Qualified expenses" means a capital investment of at least $10,000 for the installation of mechanical insulation, in a manner that complies with the minimum ASHRAE standard in effect at the time of the investment, on a commercial or industrial property in the State. (ii) "Qualified expenses" includes: 1. amounts paid for the purchase of mechanical insulation installed on the property; and 2. labor costs paid for the preparation, assembly, and installation of mechanical insulation on the property. (iii) "Qualified expenses" does not include capital investments for the installation of mechanical insulation that are required by statute, regulation, or code. (b) There is a Mechanical Insulation Installation Grant Program in the Administration. (c) The purpose of the Program is to provide grants to individuals, nonprofit organizations, and business entities for a portion of the qualified expenses paid or incurred to install mechanical insulation on a commercial or industrial property. (d) The Administration shall: (1) administer the Program; (2) establish application procedures for the Program; and (3) award grants from the Program. (e) Subject to the availability of money in the Fund, an individual, a nonprofit organization, or a business entity may apply for a grant under the Program for qualified expenses paid or incurred to install mechanical insulation on a commercial or industrial property. (f) A grant awarded under the Program may not exceed the lesser of: (1) 30% of the total amount of qualified expenses paid or incurred by the applicant; or (2) $20,000. (g) (1) There is a Mechanical Insulation Installation Grant Fund. (2) The Administration shall administer the Fund. (3) (i) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article. (ii) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund. (4) The Fund consists of: (i) money appropriated in the State budget to the Fund; and (ii) any other money from any other source accepted for the benefit of the Fund. (5) The Fund may be used only for: (i) providing grants under the Program to eligible applicants; and (ii) administrative costs of the Program. (6) (i) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested. (ii) Any interest earnings of the Fund shall be credited to the General Fund of the State. (h) The Administration shall adopt regulations to carry out this section.
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