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 Maryland

• BGE offers commercial customers a rebate for 50% of the purchase and installation cost of eligible L2 EV charging stations, up to $5,000 per port, and 50% of the purchase and installation cost of eligible DCFC stations, up to $15,000 per port. Rebate awards may not exceed $30,000 per site. Eligible commercial customers include multifamily properties, homeowner’s associations, small businesses, non-profit organizations, and commercial fleets. A total of 700 rebates are available on a first-come, first-served basis.

• BGE Fleet Program is offering Make-Ready incentives up to 90% of the cost with  a maximum of $15,000. BGE also offers additional assistance to businesses serving disadvantaged communities, covering up to 100% of the cost—up to a maximum of $15,000. In addition to the make-ready incentive, BGE is offering incentives for the EV Charger. BGE can cover up to 50% of the cost, up to $5,000, for purchasing and installing Level 2 charging ports, and up to $15,000 for DC fast-charging ports—or a maximum rebate of $30,000 per location.

• Delmarva Power helps multifamily property owners and condo associations become EV friendly by providing a rebate for 100% of the cost of eligible L2 charging equipment and 100% of the installation costs up to $15,000 per charging station for up to two charging stations.

• Delmarva Power offers a 50% rebate on the cost of equipment, warranty and installation for eligible L2 chargers. Maryland-based small businesses and nonprofits can receive up to $5,000 per L2 charging port, limited to a maximum of $30,000 in rebates for each of their properties.

• Potomac Edison multifamily property owners can get a rebate for 50% of the cost to purchase/lease and install qualified smart L2 and DC Fast Charging stations, up to $20,000.

• Potomac Edison has partnered with ChargePoint to install and operate public L2 or direct current fast charging (DCFC) stations on government property at no cost to the government sites. A maximum of 59 EV charging stations will be installed through this program and applications will be reviewed on a first-come, first-served basis.

• Maryland Energy Administration’s (MEA) has announced funding through the OPEN Energy grant program. Roughly $2,000,000 is available for energy efficiency related activities and $1,500,000 for renewable energy, transportation, climate change mitigation, and resiliency projects. Typical awards are $250,000; however, larger awards are possible for exceptional proposals. Applicants are strongly encouraged to submit applications no later than January 31, 2024, for best chance of consideration. Eligible applicants include businesses, nonprofit organizations, local governments, state government, instrumentalities of state or local governments, and higher educational institutions. More information is available on the MEA website.

 

Save Up to $1,000 on Charging Your EV at Home

• The US Federal Tax Credit gives individuals 30% off a ChargePoint Home Electric Vehicle charging station plus installation costs (up to $1,000). Must purchase and install by December 31, 2021 and claim the credit on your federal tax return.

• 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.