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California is the state to be if you want to embrace electric vehicles (EVs) and start saving money on fuel costs, cut your carbon emissions, and be an early adopter of EVs while taking advantage of rebates and incentives before funds are depleted.
The Golden State has the most EV charging rebates and incentives out of any other state in the country. Read below (or scroll to your location) to learn about which programs are available for your commercial or residential EV charging installation and how much you can save!
According to the U.S. Department of Energy’s Alternative Fuels Data Center, California has the greatest number of EVs at 42%. Governor Gavin Newsom has banned the sale of gasoline-powered vehicles by 2035. For these reasons, EV charging is especially important in the Golden State.
To accommodate the growing number of EVs on the road, the EV infrastructure needs to keep up. This means residents and businesses will have to start installing EV charging stations.
Residential EV charging installations help to alleviate range anxiety, the fear that one will not have sufficient charge of their EV battery and be stranded. Residents who charge at home instead of in public can take advantage of being able to charge more conveniently and safely.
In commercial settings, EV charging stations help to attract and retain customers and talent, can boost a company’s public image, will put a property on the map, can help companies meet or exceed sustainability goals, and can provide a second stream of income through charging fees.
EV charging stations are an outstanding opportunity for multifamily properties. In California, about 50% of its residents live in multifamily housing. Multifamily property owners and managers that choose to install EV charging stations increase their property values and attract residents.
California is brimming with opportunities to save on EV charging projects. You may be surprised how much you can save – some programs offer rebates of up to 100% of EV charger and installation costs. The California EV charging program rebates are only available for a limited time or until funds have been depleted. Some programs are no longer accepting applications since all funds have been reserved. Don’t wait and regret it when you lose out on substantial savings.
The federal government offers a tax credit for EV charging stations known as the Alternative Fuel Infrastructure Tax Credit that covers equipment and installation costs. Commercial EV chargers, infrastructure, and installation costs can receive a tax credit of up to 30%, or up to $30,000. Residential installation can receive a credit of up to $1,000.
The federal tax credit was extended through December 31, 2021. The tax credit is retroactive and you can apply for installations made from as far back as 2017.
Incentives, rebates, and tax credits can be combined and used for multiple money-saving opportunities.
This program is currently closed as December 31, 2021 deadline has passed.
As you can see from this detailed list of EV charging rebates, the process for applying for EV charging rebates depends on the agency offering the rebate.
Some rebate programs require you to purchase EV chargers from an approved list, while others don’t have that requirement. Some require you to acquire pre-approval before applying, while others allow you to apply for the incentives after the EV charging equipment has been installed.
Each one has its requirements that must be met before you receive the rebate.
Applying for EV charging rebates in California can easily become confusing and you could lose the rebate if you don’t follow all the instructions correctly.
We can help you get the most rebate on your next EV charging project. Our team of experts will work with you every step of the way to make sure you get the most out of your rebate.