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More and more Michigan residents are switching from gas to electric vehicles. While the current state-level incentives are only available for businesses, commercial fleets, and multi-unit dwellings that install level 2 EV chargers, you may still be able to offset the cost of a residential EV charger with incentives from federal programs.
In this blog, the experts at Service Professor will discuss the various incentive programs available to Michigan residents who install a residential EV charger to ensure you’re getting the best value for your investment.
Can Michigan Homeowners Still Qualify for Federal EV Charger Incentives?
There has never been a better time to skip the pump with an electric vehicle. With gas prices always on the rise, making the switch to an electric vehicle will help you save money and reduce your carbon footprint as we move toward a world of greener, cleaner energy.
If you’re ready to buy a new EV, now is a great time to save. The Inflation Reduction Act of 2022 provides a clean vehicle tax credit for drivers who qualify. To receive up to $7,500 credit, you must purchase a new car from a qualified manufacturer. However, there are also significant credits and rebates available for the installation of an at-home EV charging station.
As part of the Residential Clean Energy Credit, the Department of Energy is offering a credit of 30% up to $1,000 for a home electric vehicle charger. This IRS credit falls under the 30C Alternative Fuel Infrastructure Tax Credit and can be claimed when filing your upcoming taxes.
While eligibility requirements for 2023 have not been published by the IRS, these credits are likely intended for residents of non-urban communities. Unlike the state credits, these federal incentives are available for residential chargers and not strictly for those on commercial property.
Top EV Charger Service in Grand Rapids, Kalamazoo & Western Michigan With Service Professor
If you’re ready to purchase an electric vehicle, get the reliability and convenience of fast charging at home. At Service Professor, we’re proud to offer expert residential EV charger installation throughout Michigan with upfront pricing and military, veteran, and senior discounts.
Our certified electricians have vast experience working with EV chargers and can recommend any necessary circuit breaker upgrades and ideal installation placement to ensure that your charger provides exceptional performance.
To request more information on residential EV charger installation, call Service Professor today at 616-207-4097.
