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Research Outline
Prepared for Grant B. | Delivered April 8, 2020
EV Charger/Installation: Rebate and Incentive Programs
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Goals
To identify and provide a basic description of rebate and incentive programs for Electric Vehicle charger/installation in the US.
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Early Findings
Our initial research on rebate and incentive programs for Electric Vehicle charger/installation in the US revealed insights. Here are the key pieces of information we found:
Electric Vehicle Charger/Installation: Rebate and Incentive Programs:
Overview
Governments and utilities
offer a variety of tax credits, rebates and grants for Electric Vehicle (EV) installation in the US.
Incentives
are an effective strategy for cities, states and other entities to promote EV adoption locally. For example,
cities and states
may offer
rebates
on
home EV charger installation
to meet sustainability goals and reduce emissions while also encouraging the development of the e-mobility industry.
There is also a
federal tax credit
available in the US for
30% of the cost of installing
a home or commercial
EV charger
, with up to $1,000 for home charging. The form for this credit is filed with taxes and is applicable through December 31, 2020 for home chargers bought and installed in 2018, 2019 or 2020.
Utilities
may offer
EV charger rebates
to encourage drivers to charge at off-peak times to reduce the load on the electrical grid. Some utilities also offer a
utility bill credit
for drivers who buy
“smart” or WiFi-enabled home EV chargers
that can schedule charging at off-peak times.
Most
residential incentives
come in the form of
rebates
for the charging station itself (charging hardware) and/or the
installation costs
, and these rebates often require that the EV charger be installed by an electrician.
There
may be some additional steps
that are required to have an
EV home charger installed
in an
apartment or condo
. However, several states, including California, Colorado, Florida, and Oregon, have “right to charge” laws to be able to charge at home.
Rebate programs
and amounts
vary by location
. Some rebates are for a
flat amount
that can range from $75 to as much as $2,500. Other rebates
cover a percentage of the EV charger and installation cost
, usually up to a fixed amount.
Installation costs
will also vary based on the
existing electrical setup
and could range from $400-1,200.
Programs that offer
free EV chargers
may monitor charging activity (usually automatically through a smart charger or meter) and may limit to charging at certain times of day.
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