Investing in Electric Vehicles (EV) and EV charging is a great way for your town, business, or organization to save money and enjoy the benefits of renewable energy systems. Thanks to a variety of government tax credits, rebates, and utility programs offered in Maine, Massachusetts, and New Hampshire, installing EV charging infrastructure is more affordable than ever.
The US federal EV & EV charging tax credits for commercial customers was revamped in August 2022 as part of the Federal Tax Credit, and offers your organization up to 30% of the cost of charging hardware and infrastructure installation. The EV charging tax credit is capped at $100k for commercial customers. All-electric and plug-in hybrid vehicles from every manufacturer may be eligible for a federal income tax credit. We are waiting for more details from the IRS but it will be retroactive and good through 2032.
These federal tax credits can be stacked with other incentives, such as state and city incentives. It also appears that these tax credits may be accessible to nonprofits and municipalities under the new guidance. Stay tuned for more details on the new federal incentives!
As currently configured, the government has allocated $5 billion over 5 years to develop a DC Fast Charging Infrastructure along designated alternative fuel corridors. Each state submitted plans, which were accepted, detailing how they will use their funds. For further details on your state's plans, see the links below. There will be an additional $2.5 billion in federal discretionary funding released (including some for Level 2 charging) and each state will have different processes to be determined. Maine New Hampshire Massachusetts
The city of South Portland is offering EV charging grants for for-profit business properties within its limits, funding up to 6 Level 2 charger plugs at awarded businesses. ReVision will help eligible applicants outline a project proposal by providing a quote and recommended EV charging plan. Interested business and workplaces should contact our EV department by emailing barryw@revisionenergy.com. For full details and an overview of ReVision's estimated cost savings available visit our EV Grant Program page.
Efficiency Maine has a four-phase program to expand EV access and charging infrastructure in Maine, including charging infrastructure incentives and vehicle rebates. For full details visit Efficiency Maine's EV Initiative website.
A Climate to Thrive (ACTT), located in the Downeast region, has funds available to pay for the installation of publicly-accessible EV charging sites. ACTT will award grants of up to $5,000 to enable municipalities, non-profits, schools and businesses to purchase and install public EV chargers. Interested host sites can apply for ACTT grants to cover the cost of charging equipment and installation. For full details and the application process visit their website.
Occasionally have grant-based funding for charging sites. Keep an eye on their website.
The Massachusetts Electric Vehicle Incentive Program (MassEVIP) provides several financing and incentives options for workplace charging, commercial fleet charging, and multi-unit dwellings. The MassEVIP offers charging infrastructure grants up to $50,000 to eligible workplaces, as well as grants for the purchase of lease of qualified PEVs and EV supply equipment for public fleets. For multi-unit dwelling, MassEVIP offers grants for 60% of the cost of Level 1 or Level 2 charging equipment installed at MUDs, up to $50,000.
For full details and application information visit MassEVIP's Workplace & Fleet Charging website.
Both utilities have currently exhausted their make-ready funds; however we anticipate further funding approval in the future. Check their websites for more details: Eversource's Business EV & EV Charging Stations National Grid's Business EV Charging Incentive
NHEC offers incentives for the installation of new electric vehicle charging stations to NHEC commercial and municipal members. Install up to two Level 2 or larger charging stations and qualify for an incentive of 50% of installed cost up to $2,500, eligible twice per year. For full details visit NHEC's Commercial Charging website.
New Hampshire has currently been awarded VW money for the first phase of its DC Fast Charging corridors. Eversource is still working out details of its funding program.
