Incentives Are Currently Available for Your Business
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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.
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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.
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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.
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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.
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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 Missouri
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Evergy Commercial Rebates. Business customers can now apply for a rebate to help offset the cost of new electric vehicle charging stations. Charging rebates help lower the cost of your charging projects by giving you $2,500 per level 2 port and $20,000 per DCFC unit that you install for a total of up to $65,000 per site. Maximize your savings with our EV Business Rate designed to reward you for charging during off-peak times. (must select Missouri and Business sections of website)
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Liberty Commercial Vehicle Electrification Program - Supports the deployment of smart L2 EV Charging Stations for use by EV fleets or located at workplaces for employee or visitor charging. EV Charging Stations deployed through this Program will be installed, owned, and operated by Liberty. Maximum of 10 L2 chargers per site, cap of 50 chargers for the program. Participants pay an entry fee of $2,500 and a fixed fee of $199.38 per month for each charger installed through the program.
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Ameren Missouri will provide up to $500,000 or 50% of the total project cost to business customers seeking to install EV charging stations at workplaces, multi-family apartment buildings, and in publicly accessible locations. The incentives include $5,000 per Level 2 port and $20,000 per DCFC port.
Home EV Charging Incentives in Missouri
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Evergy Rebate for installation of residential charging stations (hardwired or 240-volt outlet). The program provides a $500 rebate if the customer signs up for Evergy’s Time of Use or EV Plan. (must select Missouri and Residential sections of website)
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Liberty Residential Smart Charge Pilot Program – Provides utility-owned electric vehicle charging equipment and a special energy rate that benefits customers that charge their vehicles at specific times. Program is limited to 500 participants. Participants pay $1,000 up front or $25 and enter into a financing agreement with Liberty. Liberty reimburses up to $200 for charger installation.
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Platte-Clay Electric Cooperative offers its members a rebate on a level 2 home charger for 50% of total install cost up to $250 as a way to encourage energy efficiency and smart charging between 10 pm and 6 am to minimize demand.
EV Federal Tax Credits
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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.
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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.