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Federal Alternative Fuel Infrastructure Tax Credit is back!

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It’s that time of year again! The 30% Federal Alternative Fuel Infrastructure Tax Credit is back! This tax credit is retroactive for 2015 and will extend to the end of 2016. So, if you purchased and installed an Electric Vehicle (EV) charging station in 2015 you may take this credit in April, 2016. Consumers who purchased qualified residential fueling equipment prior to December 31, 2016, may receive a tax credit of up to $1,000. Commercial entities may take 30% of the total cost of the project (including installation) with a maximum of $30,000.00. The tax credit is per site which means that multiple credits can be taken.

More information on the Alternative Fuel Tax Credit can be found on the DOE website: http://www.afdc.energy.gov/laws/10513

Please consult with your tax advisor to determine your eligibility.

 

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