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Incentives Are Currently Available for Your Business

  • The US Department of Transportation (DOT) is offering $1.5 Billion for public entities including states, local governments, tribes, and port authorities to deploy charging infrastructure and other surface transportation projects through its Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Program. DOT will provide reimbursement of up to 80% of total eligible project costs for most project types. Applications will be evaluated competitively and are due by February 28, 2024.

  • The US Environmental Protection Agency (EPA) is offering $3 Billion for port authorities and state, regional, local, and tribal agencies with jurisdiction over ports, and air pollution control agencies to deploy zero-emission port equipment and to purchase and install charging infrastructure through its Clean Ports Program. EPA will provide reimbursement of up to $500 Million, up to 80-90% of total eligible project costs, depending on applicant and project details. Applications will be evaluated competitively and will be accepted between February 2024 and May 2024.

  • The US Environmental Protection Agency (EPA) is offering $500M for school districts, charter schools, tribes, private school bus contractors, and eligible third parties to deploy clean and zero-emission school buses and to purchase and install L2 and DC fast chargers through its Clean School Bus (CSB) Rebate Program 2023. EPA will provide reimbursement of up to $145,000 - $345,000 per bus-and-charger bundle, depending on applicant and bus details. Awards will be made by lottery and applications are due January 31, 2024.

  • The National Electric Vehicle Infrastructure Formula Program allocates $5 billion in funding for EV charging infrastructure across 75,000 miles of highway across the country. Your organization must be within one mile of an established alternative fuel corridor to qualify and may need to meet other requirements as well.

  • The 30C Alternative Fuel Infrastructure Tax Credit, commonly referred to as the “federal tax credit,” gives qualifying businesses a 30% tax credit, up to $100,000, for the purchase and installation of EV charging infrastructure. Businesses must have installed the stations between Jan. 1, 2023, and Dec. 31, 2032, and must claim the credit on their federal tax return. Guidance on new eligibility requirements is forthcoming, based on prevailing wages and the applicant’s location within designated census tracts.

  • Your Sustainability Goals Are Within Reach in Arkansas

  • Entergy eTech program offers cash incentives of up to $250 for L2 charging stations. On a case by case basis, Entergy will also offer cash incentives for electrifying truck stops and fleets.  In addition, eTech offers a $750 incentive for DCFC stations less than 50kW or $1,500 for DCFC stations greater than 50kW.

  • Entergy Fleet offering – Entergy installs make-ready and customers receive a consolidated monthly bill to cover infrastructure, maintenance, and electricity. In its New Orleans service territory Entergy offers its EVCI rider which is available to non-residential customers. Through the rider Entergy constructs, owns, and maintains charging infrastructure and charging stations. Customers pay Entergy a fixed monthly payment over an agreed upon period (1-10 years).

 

Home EV Charging Incentives in Arkansas

  • Oklahoma Gas and Electric Offering a $250 rebate for the installation of residential charging stations (must be ENERGY STAR certified). Available during 2023.

  • SWEPCO Residential customers who own or rent a single-family home can install an ENERGY STAR-certified Level 2 EV Charging Station to qualify for a $250 rebate. Please note Level 2 EV Charging Station rebates have limited funding. Rebates are only available while funding last

  • The City of Siloam Springs will provide a $200 incentive to builders who provide an approved 240-volt receptacle for the purpose of electric vehicle charging within new residential garage construction.  This incentive will expire April 5, 2025.   Builders must provide information on their building permit applications if they intend to apply for this incentive.  The incentive will is applicable at time of submittal of the application only and is only applicable on new construction.
     

EV Federal Tax Credits

  • A tax credit is available for the purchase of a new qualified PEVs. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's traction battery capacity and the gross vehicle weight rating. The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified PEVs have been sold by that manufacturer for use in the United States. This tax credit applies to vehicles acquired after December 31, 2009.

  • A credit is available for the purchase of a new qualified two-wheeled plug-in electric drive vehicle. The credit is for 10% of the cost of the qualified vehicle, up to $2,500. This incentive originally expired on December 31, 2017, but was retroactively extended through December 31, 2021.

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