State Funding, Tax Credits, & Rebates: Maryland Pepco - Maryland: Residential Charger & Property Incentives If you are a Pepco residential customer, live in a single-family house, and install a Level 2 smart charger at your home, you may be eligible for a $300 rebate. Also, if you are a multifamily property manager, owner, or homeowners association, you may be eligible for a 50% discount on the purchase of qualified Level 2 smart chargers and for a 100% discount up to $7,500 on installation at your property. For more information, refer to the Pepco Maryland website to apply. HOV Lane Access: State law allows plug-in electric vehicles to access HOV lanes with a permit valid through September 30, 2022. Tax Credit: The State of Maryland provides $100 per kWh of battery capacity, up to $3,000 maximum per credit, starting July 1, 2017. Credit applied against the excise tax imposed. Eligible vehicles must meet 5kWh capacity minimum. MSRP cap of $63,000 for eligibility. Plug-In Electric Vehicle (PEV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit Qualified PEV and FCEV purchasers may apply for a tax credit against the imposed excise tax, up to $3,000. The tax credit is first-come, first-served, and is limited to one vehicle per individual and 10 vehicles per business entity. Vehicles must be registered in Maryland, unless the vehicle manufacturer conforms to applicable state or federal laws or regulations governing PEVs or FCEVs during the year in which the vehicle was purchased, or the vehicle was originally registered in another state. A qualified vehicle must meet the following criteria: Have a total purchase price not exceeding $63,000; Be propelled to a significant extent by an electric motor that draws electricity from a battery with a capacity of at least five kilowatt-hours; Have not been modified from original manufacturer specifications; and Be purchased and titled for the first time between July 1, 2017, and July 1, 2020. The credit is returned to the taxpayer in the form of a check from the state. Applications have exceeded the 2019 Fiscal Year program funding, but will still be accepted and placed on a waitlist (verified April 2019). For more information, including the request form, see the Maryland Department of Transportation Motor Vehicle Administration's Excise Tax Credit for PEVs website. Electric Vehicle Supply Equipment (EVSE) Rebate Program The Maryland Energy Administration (MEA) offers a rebate to an individual, business, or state or local government entity for the costs of acquiring and installing qualified EVSE. Between July 1, 2017, and June 30, 2020, rebates for 40% of the costs of acquiring and installing qualified EVSE, or up to the following amounts: Individual: $700 Business or State or Local Government: $4,000 Retail Service Station Dealer: $5,000 Applicants must demonstrate compliance with state, local, and/or federal law that applies to the installation or operation of qualified EVSE. Other requirements may apply. Total funding for each fiscal year will not exceed $1,200,000. Applications have exceeded the program funding, but will still be accepted and placed on a waitlist (verified April 2019). For more information, see MEA's EVSE Rebate Program page. Alternative Fuel Vehicle (AFV) Voucher Program The Maryland Energy Administration (MEA) administers the Maryland Freedom Fleet Voucher (FFV) Program, which provides vouchers for the purchase of new and converted AFVs registered in Maryland. Eligible vehicles include purchased or leased light-, medium-, and heavy-duty dedicated natural gas, propane, hybrid electric, plug-in electric, and hydraulic hybrid vehicles. Vehicles must be used by commercial, non-profit, or public entities. Voucher amounts are based on gross vehicle weight rating and are capped at 50% of the vehicle's incremental cost; the cap does not apply to plug-in electric vehicles. Funds are not guaranteed until voucher agreements are fully executed. Applications are currently not being accepted (verified April 2019). For more information, including application requirements, see the Maryland FFV Program website. Plug-In Electric Vehicle (PEV) Charging Rate - BGE Baltimore Gas and Electric Company (BGE) offers a time-of-use (TOU) rate for BGE residential customers who purchase or lease a PEV. The TOU rate, Schedule EV, applies to the energy used for the entire residence during a billing period. Participation requires a meter capable of measuring TOU data. For more information, see Schedule EV. Plug-In Electric Vehicle (PEV) Charging Rate Incentive - Pepco Pepco offers a time-of-use rate to all qualified Pepco residential customers in Maryland who own or lease a PEV. For more information, see Pepco's Plug-In Electric Vehicle Charging website. |