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.
States
1. Piedmont Electric time-of-use rate, also offers a $50 rebate in the form of bill credits.
2. Cape Hatteras Electric Co-op $100 credit when you install a Level 2 EV charging station. They also offer a time-of-use electricity rate to customers who own or lease an EV.
3. Randolph Electric Membership Corp. $500 rebate to the first 50 applicants who purchase a qualified Level 2 EV charging station.
4. Touchstone Energy member cooperatives may offer EV incentives to residential customers. Local cooperatives that may currently offer incentives include:
- Edgecombe-Martin County Electric Membership Corporation
- Piedmont Electric Membership Corporation
- Cape Hatteras Electric Cooperative
- Randolph Electric Membership Corporation
- Roanoke Electric Cooperative
- Surry-Yadkin Electric Membership Corporation
For more information, including a full list of member cooperatives and available incentives, see the Touchstone Energy Cooperative Network website.
5. Duke Energy offers public and charter schools a rebate of up to $215,000 for the purchase of electric school buses and associated charging infrastructure. Rebates are awarded on a first-come, first-served basis. For more information, including eligibility requirements, see the Duke Energy Park and Plug website
6. Duke Energy offers free EV charging station equipment, installation, maintenance, warranty, and network connection services to residents of multifamily dwellings through the Park & Plug Program. Participation is limited and available on a first-come, first-served basis. For more information, see the Duke Energy Multifamily Location EV Charging website.
7. Duke Energy offers residential customers a $1,133 rebate for electrical upgrades to support a Level 2 or direct current fast charging (DCFC) station. For more information, including eligible upgrade costs, see the Duke Energy EV Charger Prep Credit website.
8. Duke Energy offers business and commercial home building customers a rebate for electrical upgrades to support EV charging stations. Rebate amounts vary by project and EV charging station type. Eligible projects include workplaces, businesses, transit agencies, schools, multifamily dwellings, fleets, new construction homes, and publicly available EV charging stations. For more information, including eligibility requirements and rebate amounts, see the Duke Energy Commercial Charger Prep Credit and Homebuilder Charger Prep Credit websites.
9. Duke Energy offers free EV charging station equipment, installation, maintenance, warranty, and network connection services to businesses through the Park & Plug Program. Participation is limited and available on a first-come, first-served basis. For more information, see the Duke Energy Park & Plug website.