As electric vehicles (EVs) become more widely adopted, the need for more charging stations will continue to grow. Because the electric vehicle industry offers significant environmental benefits, many federal and state governments are implementing programs to offset the cost of their installation and maintenance. New York residents who install EV charging stations can take advantage of some exciting electric vehicle incentives.
What Is Charge Ready NY?
Charge Ready NY is currently offering $4,000 rebates for private and public organizations that install level-2 charging stations. That’s an impressive savings of 30% to 80%. If you have been considering joining the ongoing EV revolution, like so many business, parking lots,
and residential property owners, there’s never been a better time to do so.
If you’re considered a public or private entity and you own property, there’s a high chance that you’ll qualify for Charge Ready NY. What follows are the types of properties that can utilize these electric vehicle incentives.
- Businesses: The business must have at least ten parking spaces that are regularly used by employees. The workplace must have at least 15 employees who work there on a regular basis. Some common business sites that frequently install EV charging stations include schools, hospitals, and office buildings.
- Residential buildings: Residential buildings must have at least five housing units and eight or more parking spaces. Common examples of residential buildings that frequently install EV charging stations include large apartment complexes, condominiums, and co-ops.
- Public parking lots: To qualify for Charge Ready NY electric vehicle incentives, parking lots must be open to the public for at least five days per week and 12 hours per day. Additionally, the lot must have at least ten available spaces. Common examples of parking lots that frequently install EV charging stations include parking garages, retail stores, restaurants, parks, and transit stations.
In order to get the Charge Ready NY rebate for installing EV charging stations, you have to install EV charging stations that have been approved by the New York State Energy Research and Development Authority (NYSERDA). EV Connect is proud to be included as one of the qualifying charging and network service providers, so we can help you every step of the way.
To qualify for Charge Ready NY electric vehicle incentives, your charging stations need to remain in operation for at least four years. The charging stations must be installed after September 18, 2018, which is when the program launched.
EV charging stations that are installed on businesses or public areas must be connected to a network that facilitates payment processing and data collection. While residential areas aren’t required to be networked, most EV charging station owners prefer the convenience and flexibility that networking provides.
Charge Ready NY and the New York State Tax Credit
Charge Ready NY isn’t the only government incentive available to New York residents. After accounting for the $4,000 (or more, depending on the number of stations), you can also apply the New York State tax credit for installing EV charging stations.
Charge Ready NY electric vehicle incentives can’t be combined with other EV charging station rebates from NYSERDA, the New York Power Authority, the Department of Environmental Conservation, or any other State entities.
EV Connect is qualified to assist you in everything from choosing and installing infrastructure to setting up your network. We encourage you to contact us before you get started so our experts can guide you every step of the way. We have the knowledge, experience, and resources to ensure that you get the best possible deal as you sign up for electric vehicle incentives.
The first step is to simply sign up for the program. Note that only the person purchasing the charging station can sign up. (You can’t have a vendor or installer apply on your behalf.) While we can provide assistance and guidance, it’s your responsibility to sign up for the program.
If you have not yet installed your EV charging stations, you can still pre-apply. After you’re approved, NYSERDA will reserve your funds for 180 days while you finish the installation process and submit all required documents (a signed host agreement, one or more installation quotes, and a building permit).
If you’ve already installed your EV charging station(s) within the last 90 days, you can apply for Charge Ready NY electric vehicle incentives with all of your documents prepared for filing.
After you’ve been approved, finished the installation process, and submitted all necessary documentation, you are enrolled in the program. The NYSERDA will give you your rebate, and you can celebrate having just saved $4,000 on what was already a sound investment.
The Benefits of Owning EV Charging Stations
It’s no secret that electric vehicles are here to stay. The technology has come a long way, and people are thrilled to reduce their reliance on fossil fuels while also enjoying the convenience that electric vehicles provide. One of the major electric vehicle incentives is simply contributing to a positive change for the planet.
There has never been a better time than now to invest in EV technology. The industry is still in its young stages. NYSERDA has granted Charge Ready NY $5 million for the program, and there’s no guarantee that installing EV charging stations will deliver the same rebates in the future.
At this point in time, federal and state governments are pushing for mainstream EV adoption. However, as the population transitions slowly but surely to electric vehicle options, the need to incentivize people diminishes. If you’ve ever considered investing in charging equipment, the time is now.
The great thing about working with EV Connect is that we make it easy for you to set up your equipment according to your precise goals. You can choose exactly how much you want to charge, which is one of the most exciting electric vehicle incentives. Why own a gas station when you can earn residual income from a charging station that virtually runs itself?
EV charging stations attract new clientele. The people who drive electric vehicles are generally educated, environmentally-conscious people with well-paying jobs. Whether you’re trying to boost your customer base or find new tenants for your apartment building, charging stations bring unfamiliar faces to you.
Sometimes electric vehicle incentives are less tangible. Embracing these types of green technologies reflects positively on you and your organization, improving your reputation in your community.
These days, people actively seek out organizations that do their part to contribute to a better world. You can use your EV charging stations to boost your marketing materials and elevate your branding.
Contact Us Now to Get Started
Are you ready to embrace the future of the automotive industry? Our in-house experts can assist you with getting the most lucrative electric vehicle incentives to drastically offset the cost of installation infrastructure. If you live in New York, this is an opportunity that you simply can’t afford to miss.
If you have questions, we have answers. Call us at (888) 780-0062 to speak with a friendly specialist now, or contact us online and we’ll respond soon. Increase your bottom line by installing EV charging stations at your parking lot, worksite, or residential unit.