Minnesota Incentives

• Incentives Are Currently Available for Your Business

• 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.

 

Your Sustainability Goals Are Within Reach in Minnesota

• Xcel Energy Fleet EV Service Pilot. Xcel provides no-to-low cost turn-key make-ready infrastructure to municipalities or public sector organizations. Minimum four ports per site, or, in cases with fewer than four ports, a minimum of 50 kW of charging capacity. Must have a minimum of five owned or leased light, medium, and/or heavy-duty vehicles or buses, and/or commit to purchases of such vehicles in the next six months.

• Xcel Public Charging EV Service Pilot Xcel installs, owns and maintains EV supply infrastructure for public fast charging projects, customers procure the charging stations. Sites must have at least one DCFC station and be within two miles of a highway or interstate exit and within a quarter mile of retail or service establishments.

• Xcel Multifamily EV Solutions. EV Supply Infrastructure for shared or assigned parking. Xcel installs and maintains the EVSI at no cost for selected participants. Minimum of four ports. For assigned parking option participants must take Xcel Energy-provided charging stations (includes installation and maintenance) for a monthly fee on the individual drivers’ bills. This is optional for the shared parking option.

• Xcel Energy's EV Accelerate at Home currently offers money saving rates to charge your EV. If you’re an EV driver in Minnesota, you could be one of 150 customers to participate. We’ll install a new Level 2 charger, and you’ll charge on nights and weekends for one flat price on your monthly bill.

• Otter Tail Power Company $400 rebate for residential customers installing a L2 charging station.

• Minnesota Power $500 rebate for residential customers that purchase a L2 smart chargers. Available until 12/31/2023. $500 rebate to help reduce the cost of installing a second service and meter for customers participating in Minnesota Power’s Residential EV Service Rate. Residential EV service Rate offers a discounted rate for EV charging by providing reduced rates at home during Off-Peak times.

• Dakota Electric offering a $500 rebate for residential customers to install charging stations. You can download the rebate form here.

• Connexus Energy offers a $500 rebate to residential customers towards the installation of a qualified Level 2 charger.  Eligible applicants must enroll in a time-of-use rate. Applications must be submitted by December 31, 2021.

• Lake Region Electric Cooperative (LREC) members enrolled in the ChargeWise program receive a reduced rate for the electricity used to charge EVs between specified off-peak hours. LREC also offers a rebate of up to $500 for the installation of Level 2 chargers. Call the Energy Services department at (800) 552-7658 for more information and to sign-up for the program.

 

EV Federal Tax Credits

• A tax credit is available for the purchase of a new qualified PEVs. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's traction battery capacity and the gross vehicle weight rating. The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified PEVs have been sold by that manufacturer for use in the United States. This tax credit applies to vehicles acquired after December 31, 2009.

• A credit is available for the purchase of a new qualified two-wheeled plug-in electric drive vehicle. The credit is for 10% of the cost of the qualified vehicle, up to $2,500. This incentive originally expired on December 31, 2017, but was retroactively extended through December 31, 2021.