Resources
We understand that the cost of owning an electric vehicle (EV) can sometimes be a concern for potential buyers. But we're here to inform you that there are various federal, state, and utility programs available that can help reduce the cost of EV ownership.
Let's explore these programs in more detail:
Federal Programs
The federal government offers several incentives and tax credits to encourage the adoption of electric vehicles. One of the most notable programs is the Federal Electric Vehicle Tax Credit. This credit allows eligible EV owners to receive a tax credit of up to $7,500, depending on the battery capacity of the vehicle. Additionally, the federal government provides grants and funding for research and development in the EV industry, which ultimately helps drive down the cost of EVs.
State Programs
Many states have implemented their own programs to support EV adoption and reduce the cost of ownership. These programs vary by state but often include incentives such as rebates, tax credits, and grants. Some states even offer additional benefits, such as access to HOV lanes, reduced toll fees, and discounted registration fees for EV owners. It is important to check with your state's specific programs to see what incentives are available to you.
Utility Programs
Utility companies also play a significant role in reducing the cost of EV ownership. Many utility companies offer special rates and incentives for EV owners, such as discounted electricity rates during off-peak hours. Some utility companies even provide rebates or credits for the installation of home charging stations. These programs not only help reduce the cost of charging your EV but also encourage the use of clean energy sources.
By taking advantage of these federal, state, and utility programs, you can significantly reduce the cost of owning an electric vehicle. It is important to research and understand the specific programs available in your area to maximize your savings. At Charger Support, we are committed to helping you navigate through these programs and find the perfect EV charging solution that fits your needs and budget.
Remember, the future of transportation is electric, and with the support of these programs, owning an EV has never been more affordable.
Michigan
Incentives & Rebates
DTE Energy
Utilities: DTE Energy - Residential
$500
DTE Energy provides residential customers $500 towards a home EV charger when they enroll in a TOD rate.
Utilities: DTE Energy Home Charger Installation Program - Residential
DTE Energy customers can finance their EV charger installation through DTE for 3 year, 5 year and 10 year terms. This offer can be combined with the $500 home charger incentive rebate.
Utilities: DTE Charging Forward Electric Fleets - Commercial
Up to $70,000 per DCFC; $2,500 per Level 2
DTE Energy provides EV charging rebates to commercial customers with up to $2,500 per Level 2 port and $70,000 per DCFC charger.
Utilities: DTE Energy - Commercial
Up to $55,000 per DCFC; $2,000 per Level 2
Commercial customers can receive $2K per Level 2 port and $55K per DCFC. Funding for DCFC is limited so rebates will be evaluated on a case-by-case basis
Consumers Energy
Utilities: Consumers Energy PowerMIDrive Program - Commercial
up to $70000
Consumers Energy provides rebates for L2 and DCFC stations. Residents can receive a $500 rebate for L2 chargers. Public access locations can receive up to $7,500 on Level 2 and up to $70,000 for DC fast charging stations.
Utilities: Consumers Energy PowerMIDrive Program - Residential
up to $500
Consumers Energy provides rebates for L2 stations. Residents can receive a $500 rebate for L2 chargers.
State of Michigan
State: Michigan Department of Environment, Great Lakes and Energy (EGLE) NEVI Plan - Commercial
Michigan will receive $110 million over 5 years to deploy DC fast charging infrastructure along major highway cooridors. Applications will open early 2023.
Federal
Federal: Alternative Fuel Infrastructure Tax Credit - Commercial
up to $100000
The U.S Code 30C Alternative Fuel Infrastructure Tax Credit gives qualifying businesses a 30% tax credit, up to $100,000, for all alternative fuel infrastructure installed and placed in service from January 1, 2023 through December 31, 2032.
Federal: Alternative Fuel Infrastructure Tax Credit - Consumers
up to $1000
The U.S. Federal Tax Credit gives individuals 30% off a JuiceBox home charging station plus installation costs up to $1,000. You must purchase and install the JuiceBox by December 31, 2032, as well as claim the credit on your federal tax return.