For a few days in the near future, the state of Maryland won’t be getting into your pockets as much as it usually does.
Instead, it will let you keep some of your money and will do so in a way that helps the state’s economy and the environment.
This will happen during Shop Maryland Energy weekend, which will begin at 12:01 a.m. Feb. 15 and run through midnight Feb. 17.
Consumers will get a break from the state’s 6 percent sales tax on qualifying Energy Star appliances and products.
They don’t have to be Marylanders to qualify, but it will happen only in Maryland stores.
Energy Star is a U.S. Environmental Protection Agency initiative that helps businesses and individuals save money and protect the climate through superior energy efficiency.
We’re telling you about this two days ahead of time so you can figure out what you may want to do about it.
If you’re in the market for a new refrigerator and the model you want costs $1,500, this is the perfect time to make the purchase. You will save $90.
That may not seem like much to some people, but it will to others, and it will help fill a substantial part of the freezer.
You can buy as many qualifying appliances or devices as you like. There’s no cap on the taxes you can save.
During the Shop Maryland Energy event, air conditioners, washers and dryers, furnaces, heat pumps, standard-size refrigerators, compact fluorescent and LED light bulbs, dehumidifiers and programmable thermostats that have been designated as meeting or exceeding the applicable Energy Star efficiency requirements developed by the EPA and the U.S. Department of Energy will be tax-free.
This offer is good only in Maryland, but you don’t have to be a Maryland resident to participate. It’s perfectly legal to cross state lines to buy energy-efficient appliances in Maryland. (If West Virginia and Pennsylvania want to have an Energy Star weekend, they’ll have to enact one. They currently have no tax holidays. Virginia has a tax-free school supply weekend in August, and so does Maryland.)
Since 1992, Energy Star and its partners helped save American families and businesses nearly 4 trillion kilowatt-hours of electricity and achieve over 3 billion metric tons of greenhouse gas reductions, equivalent to the annual emissions of over 600 million cars.
In 2017 alone, Energy Star and its partners helped Americans avoid $30 billion in energy costs.
Americans bought more than 300 million Energy Star certified products in 2017 and more than 300 million Energy Star certified light bulbs, with a market value of more than $100 billion.
An average of 800,000 Energy Star certified products were sold every day in 2017, bringing the total to more than 6 billion products sold since 1992.
To learn more about the Energy Star program, go to https://www.energystar.gov/about.
Maryland Comptroller Peter Franchot might be the biggest booster of Shop Maryland Energy and travels about the state promoting it.
“Shop Maryland Energy weekend is a great time to take advantage of potentially hundreds of dollars in savings on Energy Star products that are good for the environment,” he said. “This program boosts sales during an otherwise down time for businesses and gives consumers an incentive to purchase energy-efficient appliances.”
For more information on Shop Maryland Energy weekend or to download printable rack cards and shareable logos, visit marylandtaxes.gov.
For additional questions, email email@example.com or call 410-260-7980 (central Maryland) or toll-free at 1-800-MD-TAXES.