Incentives Are Currently Available for Your Business
- The US Department of Transportation (DOT), Federal Highway Administration (FHWA) is offering $160M for public and private entities with authority over and operating at ports to purchase and install L2 and DC fast chargers through its Reduction of Truck Emissions at Port Facilities (RTEPF) Grant Program. FHWA will provide reimbursement of up to 80% of total eligible project costs. Applications are due July 26, 2023.
- The US Department of Transportation (DOT), Federal Transit Administration (FTA) is offering $8.9M for tribes to deploy clean and zero-emission transit buses and to purchase and install L2 and DC fast chargers through its Tribal Transit Program. FTA will provide reimbursement of up to 100% of total eligible project costs. Applications are due June 26, 2023.
- The US Environmental Protection Agency (EPA) is offering $400M 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) Grant Program. EPA will provide reimbursement of up to $195,000 – $395,000 per bus-and-charger bundle, depending on school district and bus details. Applications are due August 22, 2023.
- 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.
ChargePoint is providing information on this tax credit only and is not the issuer of the tax credit. ChargePoint is not responsible for any issues that may result from your tax credit, including but not limited to: invalid tax credit submission, lengthy processing times or delays in processing or receiving your tax credit, any other issues pertaining to your tax credit.
Your Sustainability Goals Are Within Reach in Iowa
- Alliant Energy’s rebate covers the lesser of the full purchase price or up to $500 for single plug-in wall or pedestal unit, $1,000 for a dual port unit, or $1,500 for a dual-port networked unit. The 2021 rebate is coming soon.
- Ames Electric Services Smart Rebates provide up to a $500 per port rebate to commercial customers for the purchase and installation of a publicly available electric vehicle charging station. Rebates are available now through December 31, 2022 or until funds are exhausted.
- MidAmerican Energy is offering a $1,500 rebate toward the purchase of a qualifying Level 2 charger for businesses in Iowa. Applications for the Nonresidential Electric Vehicle Charger Incentive will be accepted through Jan. 31, 2022.
- Cedar Falls Utilities will provide qualified non-residential electric customers with a $600 per new port rebate for installed ChargePoint Level 2 chargers. Customers can receive rebates for a maximum of 4 new ports per year.
- Iowa City offers Community Climate Action Grants in order to inspire and promote public involvement in the implementation of the Iowa City’s Climate Action and Adaptation Plan with projects that encourage low and no-emissions transportation. Grants can be awarded up to $10,000 to Businesses, Non-Profits, and Community based organizations located in Iowa City, any applicant or partnering group located outside of Iowa City must demonstrate that the population or area served will primarily be people or places within Iowa City.
- The $1.1 million ZEV Supply Equipment program is now open and available to a wide variety of applicants including for-profit businesses, incorporated non-profit organizations, government agencies of all types, and metropolitan or regional transportation planning organizations. Applications will be accepted for two project types. A total of $950,000 will be available for publicly accessible Direct Current (DC) Fast Charger Corridor sites along I-29, the U.S. 20, U.S. 34, and U.S. 61 corridors. $150,000 is offered to fund applications for conveniently located and publicly accessible Level 2 Community Charging sites across the state. All projects shall meet the site and equipment requirements for each project type listed in the program guidance, as applicable.