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Last Updated March 20, 2023

Program Overview

Category:

Financial Incentive

State:

New York

Incentive Type:

Corporate Tax Credit

Administrator:

New York Department of Taxation and Finance

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://www.tax.ny.gov/pit/credits/alt_fuels_elec_vehicles.htm

Applicable Sectors:

Commercial, Industrial

Eligible Renewable/Other Technologies:

Level-2 Electric Vehicle Service Equipment, Direct Current Fast Charging Equipment

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.