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 Louisiana
- 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.
- The State of Louisiana offers a nonrefundable income tax credit of 30% of the cost of qualified clean-burning motor vehicle fuel property. For new original equipment manufacturer AFVs, a taxpayer may take a tax credit of 10% of the cost of the motor vehicle, up to $2,500. For questions concerning this matter, please contact the Policy Services Division at (225) 219- 2780. For questions concerning a taxpayer’s return, please contact (855) 307-3893.