Indiana

• The US Department of Transportation (DOT) is offering $1.5 Billion for public entities including states, local governments, tribes, and port authorities to deploy charging infrastructure and other surface transportation projects through its Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Program. DOT will provide reimbursement of up to 80% of total eligible project costs for most project types. Applications will be evaluated competitively and are due by February 28, 2024.

• 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.

• The US Environmental Protection Agency (EPA) is offering $500M for school districts, charter schools, tribes, private school bus contractors, and eligible third parties to deploy clean and zero-emission school buses and to purchase and install L2 and DC fast chargers through its Clean School Bus (CSB) Rebate Program 2023. EPA will provide reimbursement of up to $145,000 - $345,000 per bus-and-charger bundle, depending on applicant and bus details. Awards will be made by lottery and applications are due January 31, 2024.

• 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.

• The 30C Alternative Fuel Infrastructure Tax Credit, commonly referred to as the “federal tax credit,” gives qualifying businesses a 30% tax credit, up to $100,000, for the purchase and installation of EV charging infrastructure. Businesses must have installed the stations between Jan. 1, 2023, and Dec. 31, 2032, and must claim the credit on their federal tax return. Guidance on new eligibility requirements is forthcoming, based on prevailing wages and the applicant’s location within designated census tracts.

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Your Sustainability Goals Are Within Reach in Indiana

• Indiana Michigan Power’s existing small-commercial customers who average less than 4,500 kWh per month of electricity are eligible for a $500 incentive and a discounted off-peak rate up to a 40% reduction from IMP’s standard rate. To take advantage of this incentive, customers will need a submeter from I&M between their electrical panel, a L2 charger, and must have an Indiana-registered employee-owned or company PEV.

• Indiana Michigan Power’s offers commercial, fleet, and multi-unit dwelling customers a rebate of $250 per Level 2 EV charging station port installed or five years’ worth of revenue credits to apply against construction costs of new business facilities to serve newly installed EV charging stations.

• Duke Energy offers rebates of up to $500 to commercial customers for the installation of Level 2 EV charging stations at workplaces, multi-unit dwellings, fleets, or publicly available locations. 

 

Home EV Charging Incentives in Indiana

• Indiana Michigan Power offers a Time of Use (TOU) rate to residential customers who own or lease a qualified EV. Indiana Michigan Power may require customers to install a metering system that is capable of separately tracking EV charging. Residential customers that enroll in the EV TOU rate may also be eligible for a $500 rebate for the purchase of a L2 charging station or for the make-ready work necessary to support the L2 EV charging station.

• Duke Energy provides eligible EV drivers who charge at night and during off-peak hours can earn up to $200 in annual bill credits.