FUEL COSTS
Electricity is cleaner and more cost-effective than gas. Use
the Vehicle Cost Calculator provided by the U.S. Department of Energy -
Alternative Fuels Data Center to enter your driving habits to calculate total
cost of ownership and emissions for makes and models of most vehicles. https://afdc.energy.gov/calc/
APS and SRP Time of Use Electricity Savings Plans
You can lower your charging costs depending on who your
electrical service provider is, with an APS or SRP special pricing
program. The programs base your electric
rate on when you're charging. The rates
are lower overnight (off peak) and on weekends and higher rates at high-demand
times such as weekday mornings and evenings.
See the following weblinks for more pricing details.
APS: https://www.aps.com/en/About/Sustainability-and-Innovation/Technology-and-Innovation/Electric-vehicles
SRP: https://www.srpnet.com/prices/home/electricvehicle.aspx
SRP also has a helpful savings calculator that allows you to
customize a cost comparison table. https://www.srpnet.com/electric/home/cars/start.aspx
State and Utility Company Incentives
The Department of Energy - Alternative Fuels Data Center
provides a list of Arizona laws, incentives, and regulations related to
alternative fuels and advanced vehicles for Arizona. Please access the weblink for more information. https://afdc.energy.gov/laws/state_summary?state=az
Federal Tax Credit
All-electric and plug-in hyrbrid vehicles purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500 until 200,000 eligible vehicles per manufacture are registered in the United States. The credit amount will vary based on the capacity of the battery used to power the vehicle. State and/or local incentives may also apply. https://www.fueleconomy.gov/feg/taxevb.shtml
Charging Station Tax Credits and Incentives
Federal Tax Credit - Up to $1,000
The U.S. Federal Tax Credit gives individuals 30% off of a qualified home charging station plus installation costs (up to $1,000) and up to $30,000 for commercial installations. You must purchase and install the qualified home charging unit by December 31, 2020 as well as claim the credit on your federal tax return.
For more information about claiming this credit, see IRS Form 8911, which is available on the IRS Forms and Publications website. https://apps.irs.gov/app/picklist/list/formsPublications.html
Arizona Public Service (APS) EVSE Pilot Program ) - Take
Charge AZ
The APS Take Charge AZ pilot programs offer free EV charging equipment, as well as installation and maintenance to businesses, government agencies, non-profits and multi-family communities. Participants will pay for any electric costs that result from using the equipment. Program applicants my be placed on a wait list if the pilot program becomes full. https://www.aps.com/en/About/Sustainability-and-Innovation/Technology-and-Innovation/Electric-vehicles/Take-Charge-AZ
Salt River Project (SRP) Workplace EV Charger Rebate
Salt River Project offers a rebate to business
customers who purchase and install a Level 2 EV charger for use by their
employees. The rebate is $1,500 for each
networked EV charging port installed at a business, limited to 12 per
business. Rebates are available on a
first-come, first-served basis. https://savewithsrpbiz.com/rebates/evcharger.aspx
