The Alternative Fuel Infrastructure Tax Credit
With the renewed Alternative Fuel Vehicle Refueling Property Tax Credit, businesses can again receive a 30% tax credit, up to $30,000 per property, for purchasing and installing EV charging stations in 2022.
However, beginning in 2023, updated eligibility requirements may mean your property no longer qualifies. SemaConnect can help your business take advantage with:
- Lead times as short as 3 weeks, allowing you the time necessary to get your program started
- The industry expertise from partnering with thousands of businesses to install more than 13,000 charging stations since 2008
- Premium charging stations that make the EV revolution accessible to everyone, with turnkey operations and intuitive management you’ll be amped about
Electric Performance for Every Business
SemaConnect charging stations pair premium design with premium features for an experience everyone will love.
Wireless Technology
The station communicates with the software and produces real-time data.
Interactive LED Lights
Quickly identify the station status: blue is available, green is charging, and red detects a ground fault.
Backlit LCD Screen
Easy reading for costs and station status.
Smart Card Authentication
Open or closed access available for EV Drivers.
Why Businesses Choose SemaConnect
Inventory Available Now!
SemaConnect offers lead times as short as 3 weeks, ensuring your stations can be installed before the end of the year.
Eligible Charging Stations
SemaConnect charging stations are considered “qualified equipment” and eligible for this tax credit.
Easy Installation, from Nuts to Volts
We deliver complete solutions from hardware to software, so installation and setup are as easy as flipping a switch.
Turnkey Operations
We make installation easy by managing the entire process for you, including permits and electrical contractors.
A Partner You Can Rely On
Take the uncertainty out of EV charging with pre-build site planning support and a comprehensive replacement warranty.
Frequently Asked Questions
Have questions about the Alternative Fuel Infrastructure Tax Credit? Here are the most common questions our EV experts receive.
What is the Alternative Fuel Infrastructure Tax Credit?
The Inflation Reduction Act has officially extended the 30C Alternative Fuel Vehicle Refueling Property Credit, also known as the Alternative Fuel Infrastructure Tax Credit, which originally expired in 2021. Businesses can again receive up to $30,000 for installing electric vehicle charging stations in 2022.
However, beginning in 2023, updated eligibility requirements will impact which properties can now qualify.
See the U.S. Department of Energy’s Alternative Fuels Data Center for more details.
Is my business eligible for the tax credit?
The Alternative Fuel Infrastructure Tax Credit is a general business tax credit, so any business that installs ‘qualified equipment’ by the end of 2022 may be eligible.
For more information about your specific circumstances, please reach out to SemaConnect or your tax professional.
SemaConnect has worked with thousands of businesses to help implement their EV charging program. Reach out to our EV experts for more information.
What's covered in this tax credit?
The Alternative Fuel Infrastructure Tax Credit applies to out-of-pocket costs for infrastructure, make-ready, and installation of eligible “qualified equipment.” This does not include the permitting fees, inspection fees, or networking costs.
Businesses that install EV charging stations at multiple sites may apply the credit to each location.
For more information about your specific circumstances, please reach out to SemaConnect or your tax professional.
Can I combine this tax credit with other incentives?
Yes.
You can use the tax credit in conjunction with other grants, incentives, or rebates. However, the Alternative Fuel Vehicle Refueling Property Tax Credit is only applicable for the out-of-pocket costs actually incurred, and not towards the portion of expenses covered or eliminated by other programs.
How do the requirements change in 2023?
Beginning in 2023, many businesses will no longer be eligible for the federal tax credit, though qualifying businesses can receive more money than ever before. Next year, the per-site credit becomes a per-station tax credit.
Qualifying businesses can receive 6% of project costs, up to $100,000 per station. However, stations must be installed in census tracts with:
- 20% or higher poverty rate
- Non-Metropolitan Areas: Median family income is less than or equal to 80% of the statewide median
- Metro Areas: Median family income is less than or equal to 80% of the metro-area median
There is also a bonus tax credit, which multiplies the 6% base credit by five, so businesses can receive a full 30% credit. This bonus credit is restricted to businesses that meet wage and apprenticeship requirements:
- Wage Requirements: Laborers and mechanics are paid prevailing wages during installation
- Apprenticeship Requirements: Qualified apprentices perform no less than:
- 10% of total labor hours for projects beginning in 2022
- 12.5% of total labor hours for projects beginning in 2023
- 15% of total labor hours for projects beginning after 2023
How do I claim the tax credit?
Please use IRS form 8911 to claim your federal tax credit for electric vehicle charging stations.