NY launches first EV charging station installation rebate initiative for public and private locations; $5M available
New York Governor Andrew M. Cuomo announced that $5 million is available as part of the first rebate designed specifically for the installation of electric vehicle charging stations at workplaces, office buildings, multi-family apartment buildings, and public locations such as theaters, malls, parks and retail locations.
Administered by the New York State Energy Research and Development Authority (NYSERDA), the new Charge Ready NY initiative provides a $4,000 rebate per charging port for public or private employers, building owners, municipalities and non-profit organizations to install Level 2 charging stations.
Depending on installation costs and the model/make of the charging station, installers can save up to 80% of a typical installation’s total cost. Level 2 stations provide up to 25 miles of electric range to cars for each hour they are charging. Charging stations must be installed at one of the following types of locations:
Public parking lot: must have at least ten parking spaces and be open to the general public at least 12 hours per day for at least five days per week. Examples include municipal or privately-operated parking lots or garages, parking at retail locations, shopping malls, restaurants, parks, transit stations, schools and other destination locations.
Workplace: must have at least ten parking spaces that primarily serve a minimum of 15 employees who work at or near the lot. Examples include office buildings, universities, schools, and hospitals.
Multi-unit housing: must have at least eight parking spaces that primarily serve a building with five or more housing units, such as apartment buildings, condominiums and co-ops.
Charge Ready NY rebates can be combined with New York State’s 50% tax credit for installing charging stations. The tax credit is applied after the rebate amount received from NYSERDA. Charge Ready NY rebates cannot be combined with other New York State charging station rebate programs offered by NYSERDA, the Department of Environmental Conservation, the New York Power Authority, or other state entities.
The transportation sector is one of the largest producers of energy related greenhouse gas emissions in New York State. As a result, the state has multiple initiatives and programs designed to reduce these emissions and support the expansion of electric vehicles. For example, the Drive Clean Rebate initiative provides New York residents with rebates of up to $2,000 for the purchase of a new or leased electric car. Since its launch, more than 9,000 New York residents have received rebates totaling more than $12 million.
This new initiative supports the Governor’s Charge NY 2.0 initiative, which aims to have at least 10,000 charging stations across New York by the end of 2021. The initiative also builds on the Governor’s Charge NY initiative, which was launched in 2013 and has a goal of having 30,000 to 40,000 electric cars on the road by the end of 2018.
To complement Charge Ready NY, which enables public and private organizations to apply directly for rebates, the Governor recently announced a $250 million commitment by the New York Power Authority to accelerate the adoption of electric vehicles and expand electric vehicle fast charging stations along key transportation corridors and in New York City airports.