Published date: October 19, 2022
Are you considering installing an EV charger at home? With the rise of electric vehicles, many homeowners are looking for ways to benefit from EV charger incentives. Here's a comprehensive guide to help you navigate the available rebates and tax credits.
Primarily, residential incentives are tailored for electric vehicle charging station installation at home. In most cases, you would be asked to present the permit. To qualify, it's essential that a certified electrician handles the installation.
Most incentives come in the form of rebates, provided by state and local governments, as well as utility companies. These rebates can encompass everything from equipment costs to installation fees. Depending on the specific program, applications might be needed either before or after your Level 2 charger is set up.
Some utility companies also extend rebates and reduced rates for users who opt to charge their EVs during off-peak hours, typically overnight.
The rebate value varies based on the program. They can either be a fixed amount or a percentage of the installation and equipment costs. Generally, single charger rebates range from $75 to $2,500. If you're considering a charger installation, Lectrium is here to guide you to the most beneficial rebates.
The primary federal incentive is the Alternative Fuel Infrastructure Tax Credit. If you purchase a qualified EV home charger after January 1, 2023, you're eligible for a tax credit of up to $1,000. This initiative makes it even more appealing for homeowners to transition to electric vehicles and ensure they have the right infrastructure in place.
Curious about the incentives you qualify for? Visit the Alternative Fuel Data Center, navigate to the ‘Laws & Incentives’ section, and choose your state. For a more comprehensive list, including state, private, or federal incentives, check out our dedicated EV tax incentives page.
Don't delay! Many programs operate on limited funds, distributed on a first-come-first-serve basis. The earlier you apply, the higher your chances of securing a rebate.
Rebate criteria differ, but typically, you'll need:
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