Alternative Fuels and EV-Recharging Property Credit

March 20, 2023

Summary

The Alternative Fuels and Electric Vehicle Recharging property credit started on January 1, 2013, and is available to individuals and corporations who install electric vehicle recharging or refueling property. As defined, electric vehicle recharging property includes all of the equipment needed to convey electric power form the grid or another power source to an onboard vehicle storage system. The credit for each property installation is the lesser of $5,000 or 50% of the cost of the property.

Interested corporations should fill out this form and all others should fill out this form. For more information, visit the program website.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New York
Incentive Type: Corporate Tax Credit
Web Site: https://www.tax.ny.gov/pit/credits/alt_fuels_elec_vehicles.htm
Administrator: New York Department of Taxation and Finance
Start Date:
Eligible Renewable/Other Technologies:
  • Level-2 Electric Vehicle Service Equipment
  • Direct Current Fast Charging Equipment
Incentive Amount: 50% of cost
Maximum Incentive: $5,000

Incentives

This program has 1 incentives
Technologies: Level-2 Electric Vehicle Service Equipment, Direct Current Fast Charging Equipment
Sectors: Commercial, Industrial
Parameters: The incentive is 50.00 % of cost, The incentive has a minimum of $5000.00

Authorities

Name: NYCL § 60-9-187-b
Name: NYCL § 60-22-606 (p)

Contact

Name: Corporation Tax (General)
Organization: New York Department of Taxation and Fin
Address: Building 9, W. A. Harriman Campus
Albany NY 12227
Phone: (518) 485-6027

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.