Millions Of Dollars In Rebates Are Available To Cover The Cost Of Installing Charging Stations For Electric Vehicles

Installing Charging Stations: If Oregon Coast companies who want to install charging stations for electric vehicles submit their applications by the end of the year, they may be eligible for financial incentives from the federal government and the state.

Millions Of Dollars In Rebates Are Available To Cover The Cost Of Installing Charging Stations

Businesses that are eligible for the 30C Alternative Fuel Infrastructure Tax Credit, more frequently referred to as the “federal tax credit,” can get a tax credit of up to $30,000, which can be used toward the purchase and installation of electric vehicle charging infrastructure.

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To be eligible for the credit, businesses must have the stations installed by December 31 in order to claim it on their federal tax returns. For stations erected after the start of the new year, there will be new qualifying conditions that must be met.

Through its Zero-Emission Fueling Infrastructure Grant, the Oregon Department of Environmental Quality is providing a total of $15 million to public and private medium- and heavy-duty fleets in order to facilitate the acquisition of Level 2 and DC fast chargers and their subsequent installation.

Millions Of Dollars In Rebates Are Available To Cover The Cost Of Installing Charging Stations
Millions Of Dollars In Rebates Are Available To Cover The Cost Of Installing Charging Stations

By way of the program, the DEQ will give reimbursements of up to 80 percent for costs associated with qualifying projects, or up to 100 percent of those associated with eligible costs for applications to the Certification Office for Business Inclusion and Diversity. The application must be submitted before the 16th of January. Those who are interested can send an email to dieselgrants@deq.oregon.gov to inquire further about this funding.

In addition, the federal government has set aside $1.25 billion for a community grant program that gives priority to low- and moderate-income rural and urban towns that have a low ratio of private parking spaces.

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When the funds become available in the spring, businesses and advocacy groups may have the option to collaborate with local municipalities and community leaders to establish community charging infrastructure. The funds will become available in the spring.

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