Electric Vehicle Tax Incentives
It is fairly well known that there are tax incentives for going solar, but did you know there are also tax incentives for purchasing electric vehicle charging equipment? There are both commercial and residential incentives available for you to take advantage of. Take the next step in reducing your carbon footprint by going electric.
Residential
If you purchase electric vehicle charging equipment for your home, there is a 30% tax incentive available up to $1,000. Having electric vehicle charging equipment at your home is a great way to get the most out of your vehicle and have it ready for the adventures of the day. You must purchase and have the equipment installed by December 31, 2020 to be eligible to receive the tax incentive. Don't miss out on this great opportunity!
Commercial
Electric vehicle charging equipment at your commercial location is a great way to bring in customers and increase customer dwell time. Plus, you can receive a tax credit of 30% of the equipment and install cost up to $30,000! This incentive is a great way to offset the cost of purchasing and installing the equipment. You must have the equipment purchased and installed by December 31, 2020 to be eligible to receive the incentive. This is a great opportunity for your commercial property!
If you are looking to install electric vehicle charging equipment at your home or business please reach out to us today! We can help you determine the right equipment for your location and make sure you are set up to get those tax incentives!
As electric vehicles become more popular, the demand for EV chargers is growing fast. Every day, more EVs hit the road, and businesses are starting to take notice. Installing EV chargers at your location is a smart move—not just to keep up with the rise of electric cars, but also to show that you’re forward thinking and environmentally friendly. We've put together a list of the many benefits to installing EV chargers!
Utility costs are on the rise and there’s no sign of them slowing down. Consumers are feeling the pressure of constantly climbing electricity rates. As inflation continues to affect nearly every industry and energy demand increases, utility companies are charging more, which means your bills are getting higher. In fact, many experts agree that utility prices will only continue to increase, making it harder for households and businesses to keep their budgets under control. NYSERDA provides detailed information on historical energy rates throughout New York State for example. These patterns follow the same trends nationwide.
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