Federal
1. The federal tax credit covers 30% of an EV charging station, necessary equipment and installation costs. For residential installations, the IRS caps the tax credit at $1,000.
Federal Tax Credit for Residential EV (rebates4evchargers.com)
2. 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.
3. 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.
New Jersey
1. PSE&G offers residential customers a rebate of up to $1,500 for the behind the meter installation of a Level 2 EV charging station. Participants may also be eligible for a rebate of up to $5,000 for pole-to-meter utility service upgrades. For more information, see the PSE&G EV Charging Program website.
2. PSE&G offers commercial customers rebates for the behind the meter and the pole-to-meter installation of Level 2 and public direct current fast charging (DCFC) stations. Eligible entities include multi-family residences, government entities, businesses, and any location with public access.
| Charger Type |
Behind the Meter Rebate Amount |
Pole-to-Meter Rebate Amount |
|---|---|---|
| Level 2 EV Charging Stations |
$7,500 per EV Charging Station; up to $30,000 per site |
Up to $10,000 |
| Public DCFC Stations | $25,000 per DCFC Station; up to $100,000 per site | Up to $50,000 |
3. ACE offers make-ready rebates to residential, multi-unit dwelling (MUD), commercial, and fleet customers for the installation of Level 2 EV charging stations. Additionally, make-ready rebates are available for publicly accessible Level 2 and direct current fast charging (DCFC) stations. MUD customers in overburdened communities are eligible for an increased rebate of up to $6,700 per port. Eligible applicants may receive a maximum of 10 rebates per location. For more information, including eligibility requirements and overburdened community locations, see the ACE Evsmart website.
| Location Type |
EV Charging Station Type |
Maximum Rebate Amount |
Maximum Number of Eligible EV Charging Stations or Ports per Location |
|---|---|---|---|
| Residential |
Level 2 |
$1,000 per EV Charging Station; up to 50% of the eligible costs |
1 EV Charging Station |
| MUD | Level 2 | $5,000 per port; up to 75% of eligible costs | 10 ports |
| Workplace | Level 2 | $4,500 per port; up to 50% of eligible costs | 10 ports |
| Fleets | Level 2 | $2,500 per port; up to 50% of eligible costs | 10 ports |
| Public | Level 2 | $4,500 per port; up to 50% of eligible costs | 2 ports |
| Public | DCFC Station | $60,000 per port; up to 90% of eligible costs | 2 ports |
4. Jersey Central Power & Light (JCP&L) offers rebates to commercial customers for the installation of publicly accessible, make-ready Level 2 and direct current fast charging (DCFC) stations. Eligible applicants must install a minimum of two charging ports and may receive a maximum of 10 rebates per location. Multifamily customers in overburdened communities are eligible for an increased rebate of up to $8,375 per port. Commercial customers may also receive bill credits for charging during off-peak hours. For more information, including eligibility requirements, see the JCP&L EV Driven Program website.
| Location |
Charger Level |
Maximum Rebate Amount per Port |
|---|---|---|
| Multifamily |
Level 2 |
$6,700 |
| Workplace | Level 2 | $5,000 |
| Public | Level 2 | $6,700; up to 50% of eligible costs |
| Public | DCFC | $25,000; up to 50% of eligible costs |
5. Jersey Central Power & Light (JCP&L) offers rebates of up to $5,500 to residential customers for the installation of make-ready Level 2 EV charging stations. Residential customers may also receive bill credits for charging during off-peak hours. For more information, including eligibility requirements, see the JCP&L
jcpl-ev-customer-program-guide (firstenergycorp.com)
6. The Charge Up New Jersey Program offers $250 for purchasing an eligible EV charger