Powering Tomorrow
Focusing on electric car charging infrastructure, Apex Sustainability is helping the transportation industry transition to sustainable energy. Working with our partners, our investments in Florida power some of the state’s largest developments and have created millions in value for our clients and the consumer. Over the next ten years, Apex will deliver 2.6 billion dollars in public charging infrastructure through private and public contracts.
Interested In Becoming A Partner?
We’re always searching for partnerships that add value to our businesses. Think you can add value? Send your pitch to info@apexcoup.com.
FAQ
What is the Alternative Fuel Infrastructure Tax Credit?
The 2022 Inflation Reduction Act extends the Alternative Fuel Vehicle Refueling Property Credit, which originally expired in December of 2021. Businesses receive $30,000 for installing qualifying electric vehicle charging stations in 2022.
Note that beginning in 2023, updated eligibility requirements will impact which properties can qualify.
Visit the U.S. Department of Energy for details.
How do I claim the tax credit?
Submit form 8911 to the IRS to claim the federal tax credit.
You can find that form on the IRS Forms and Publications website.
Can I combine this tax credit with other incentives?
The tax credit can be used simultaneously with other incentives and rebates. Note that the Alternative Fuel Vehicle Refueling Property Tax Credit can only be used for the out-of-pocket costs incurred during charger installation, which means that funds cannot be used for other projects.
How can I spend this tax credit?
The Alternative Fuel Infrastructure Tax Credit applies to out-of-pocket costs incurred during the construction of infrastructure and installation of “qualified equipment.” Permitting fees and inspection fees are not covered by the credit.
Businesses with chargers at more than one site can qualify for the incentive at each location.
What other incentive could I qualify for?
A complete list is on the Department of Energy’s website, but the following are some of the more common ones.
- Fueling equipment for natural gas or diesel fuels containing at least 20% biodiesel are eligible for a 30% tax credit.
- Qualifying residential properties that install chargers are eligible for a $1,000 tax credit.
