Investing in Electric Vehicles (EV) and EV charging is a great way for your town, business, or organization to save money and enjoy the benefits of renewable energy systems. Thanks to a variety of government tax credits, rebates, and utility programs offered in Maine, Massachusetts, and New Hampshire, installing EV charging infrastructure is more affordable than ever.
Federal Tax Credits
Businesses can take advantage of US federal EV charging tax credits for commercial customers, which offer your organization 30% of the cost of charging hardware and infrastructure installation costs, capped at $100k. We are awaiting additional guidance from the Treasury to better clarify the eligibility of projects for the full credit.
The federal EV tax credit for manufacturers offers a tax credit of up to $7,500, depending on battery size with a minimum of 7 kilowatt hours. Additional guidelines will be released early 2023. Previously owned electric vehicles (also known as “used vehicles”) are eligible for a tax credit of up to $4,000. All vehicles must be made by a qualified manufacturer.
There are also a number of state specific incentives as well:
Maine
South Portland Level 2 EV Charging Grant Program
The city of South Portland is offering EV charging grants for for-profit business properties within its limits, funding up to 6 Level 2 charger plugs at awarded businesses. ReVision will help eligible applicants outline a project proposal by providing a quote and recommended EV charging plan. Interested business and workplaces should contact our EV department by emailing barryw@revisionenergy.com.
For full details and an overview of ReVision's estimate cost savings available visit our EV Grant Program page.
Efficiency Maine EV & Charging Incentives
Efficiency Maine has a three phase program to expand EV access and charging infrastructure in Maine, including charging infrastructure incentives and vehicle rebates.
For full details visit Efficiency Maine's EV Initiative website.
A Climate to Thrive EV Charging Incentives
A Climate to Thrive (ACTT), located in the Downeast region, has funds available to pay for the installation of publicly-accessible EV charging sites. ACTT will award grants of up to $5,000 to enable municipalities, non-profits, schools and businesses to purchase and install public EV chargers. Interested host sites can apply for ACTT grants to cover the cost of charging equipment and installation.
For full details and the application process visit their website.
Massachusetts
MassEVIP EV Charging & Vehicle Incentives
The Massachusetts Electric Vehicle Incentive Program (MassEVIP) provides several financing and incentives options for workplace charging, commercial fleet charging, and multi-unit dwellings. The MassEVIP offers charging infrastructure grants up to $50,000 to eligible workplaces, as well as grants for the purchase of lease of qualified PEVs and EV supply equipment for public fleets. For multi-unit dwelling, MassEVIP offers grants for 60% of the cost of Level 1 or Level 2 charging equipment installed at MUDs, up to $50,000.
For full details and application information visit MassEVIP's Workplace & Fleet Charging website.
Eversource EV Charging Incentives
Eversource is offering to manage and cover all the related cost of the implementation of the infrastructure that will connect to their customers' chargers. This includes, but is not limited to trenching, a transformer (if deemed necessary), a dedicated service meter, panel(s) and all conduits and necessary wiring to support the approved number of charging stations. Infrastructure for up to ten Level 2 chargers can be put in place.
For full details visit Eversource's Business EV & EV Charging Stations website.
National Grid EV Charging Incentives
National Grid's Massachusetts Electric Vehicle Charging program will fund up to 100% of the electrical infrastructure and charging station equipment costs. The Level 2 charging station rebate for a multi-unit dwelling is up to 75%.
For full details visit National Grid's Business EV Charging Incentive website.
New Hampshire
EV Charging Incentives through NHEC
NHEC offers incentives for the installation of new electric vehicle charging stations to NHEC commercial and municipal members. Install up to two Level 2 or larger charging stations and qualify for an incentive of 50% of installed cost up to $2,500, eligible twice per year.
For full details visit NHEC's Commercial Charging website.
