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Federal Climate Funding For

Businesses

* Funds with an asterisk are not currently accepting applications. This may be because the program has been terminated, is temporarily paused, or has exhausted its funding. You can still explore these pages to prepare for future funding rounds or see how previous rounds supported communities in the Carolinas.

What funding is available to me?

A list of assistance programs offered by major utility providers in NC and SC.

What does this funding get me?

Programs vary by provider.

Am I eligible?

Contact your utility provider to confirm eligibility for programs.

How can I access the money?

Click “Learn More” to find out what assistance your provider offers.

South Carolina loans for implementing measures that will produce energy savings.

What does this funding get me?

A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.

Am I eligible?

South Carolina businesses, nonprofits, government entities.

How can I access the money?

Visit the website and contact contact Nat Green, Business Development Center of SC, 803-744-0309, NGreen@BDCofSC.org.

Tax deduction for energy efficiency measures in new construction or building renovations. Available for projects that begin construction by June 30, 2026.

What does this funding get me?

A tax deduction of up to $5/square foot for energy efficiency measures in new construction or renovations that achieve above a certain level of energy savings. 

Am I eligible?

Formerly only for businesses, tax-exempt entities can now transfer the deduction to contractors in exchange for reduced project costs. 

How can I access the money?

Businesses claim the deduction on their tax return. Tax-exempt entities transfer the deduction to a building designer via an allocation letter.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Individuals, businesses, and nonprofits can get significant tax credits for buying a new or used electric vehicle (EV) or installing EV chargers. You must install the charger by June 30, 2026. You must sign a contract for the EV and put some money down by by September 30, 2025. 

What does this funding get me?

Individuals: up to $7,500 on new EVs, $4,000 on used EVs, $1,000 on a charger. 

Businesses/nonprofits: up to $7,500 on new EVs, $40,000 on EVs > 14,000 lbs., $100,000 on chargers.

Charger credit applies only to chargers installed in low-income or non-urban areas.

Am I eligible?

Individuals (as of 2024, you qualify for the vehicle credit even if you don’t owe taxes; you receive the charger credit only up to the amount of tax you owe but you may carry over unused portions to future years).

Nonprofits receive full credit as direct payment.

Businesses up to the tax you owe (though you can carry over or sell unused credits).

How can I access the money?

Claim credits when you file your tax return. Nonprofits can receive the credit as a direct payment.

For individuals,  starting in 2024, you can instead transfer your EV credit to the dealer, who will reduce the cost of the vehicle by that amount.

 

Loans and grants for renewable energy and energy efficiency improvements for agricultural producers and rural small businesses.

What does this funding get me?

Agricultural producers and rural small businesses can apply for loan guarantees and grants for renewable energy systems ($2,500-$1 m) and energy efficiency improvements ($1,500-$500,000). Combined grant and loan-guarantee funding could cover up to 75% of project costs. 

Am I eligible?

Eligible entities include agricultural producers and rural small businesses.

How can I access the money?

Applications are currently being accepted for guaranteed loans and grants.

Loans and grants to increase energy efficiency and improve the comfort of buildings.

What does this funding get me?

Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.

Am I eligible?

State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.

How can I access the money?

This funding is no longer available. If you want more incentives like this, tell your Federal, North Carolina, and South Carolina legislators. Click “Learn More” to see how this program benefited the Carolinas.

What funding is available to me?

A list of assistance programs offered by major utility providers in NC and SC.

What does this funding get me?

Programs vary by provider.

Am I eligible?

Contact your utility provider to confirm eligibility for programs.

How can I access the money?

Click “Learn More” to find out what assistance your provider offers.

Loans for energy solutions and reinvestment in closed or aging energy facilities.

What does this funding get me?

Loans for energy and supply chain solutions, energy infrastructure reinvestment, advanced vehicle manufacturing, Tribal energy, and CO2 transportation.

Am I eligible?

State governments, local governments, nonprofits, Federally- and State-recognized Tribes, special districts, independent school districts, public and private institutions of higher education, public housing authorities, and large and small businesses may be eligible to apply.

How can I access the money?

Click “Learn More” for information on how to apply. 

HeroX is a platform for listing innovation challenges. Teams compete for prizes by proposing solutions to the challenges.

What does this funding get me?

Prize competition for energy innovation. Teams compete for prizes by proposing solutions to one of the hundreds of challenges listed online.

Am I eligible?

Teams of individuals, community-based organizations, local governments and Tribal governments can apply. Eligibility may vary by challenge.

How can I access the money?

Explore available challenges, gather needed resources and alliances, and apply to solve the challenge. Click “Learn More” to find out how.

Help with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency.

What does this funding get me?

Designed to help local governments with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency. Applicants can apply either for grants or for technical assistance and/or equipment-rebate vouchers. 

Am I eligible?

Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details. 

How can I access the money?

SC is accepting applications for round three through December 1, 2025. In NC, renters and homeowners in Orange, Granville, and Durham counties may be eligible for subgrants to help with energy efficiency upgrades.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Loans and grants for renewable energy and energy efficiency improvements for agricultural producers and rural small businesses.

What does this funding get me?

Agricultural producers and rural small businesses can apply for loan guarantees and grants for renewable energy systems ($2,500-$1 m) and energy efficiency improvements ($1,500-$500,000). Combined grant and loan-guarantee funding could cover up to 75% of project costs. 

Am I eligible?

Eligible entities include agricultural producers and rural small businesses.

How can I access the money?

Applications are currently being accepted for guaranteed loans and grants.

Improved financing of clean energy, especially for low-income and disadvantaged communities. 

What does this funding get me?

$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities

Am I eligible?

Grants were awarded to 8 large nonprofits that will in turn distribute funds to households, small businesses, community lenders and others. Click “Learn More” for details.

How can I access the money?

Grant awards were announced April 2024, but recipients’ access to the grant funds has been frozen by the US EPA. Grantees have sued to regain access to the funds. Click “Learn More” for details.

What funding is available to me?

A list of assistance programs offered by major utility providers in NC and SC.

What does this funding get me?

Programs vary by provider.

Am I eligible?

Contact your utility provider to confirm eligibility for programs.

How can I access the money?

Click “Learn More” to find out what assistance your provider offers.

South Carolina loans for implementing measures that will produce energy savings.

What does this funding get me?

A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.

Am I eligible?

South Carolina businesses, nonprofits, government entities.

How can I access the money?

Visit the website and contact contact Nat Green, Business Development Center of SC, 803-744-0309, NGreen@BDCofSC.org.

Help with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency.

What does this funding get me?

Designed to help local governments with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency. Applicants can apply either for grants or for technical assistance and/or equipment-rebate vouchers. 

Am I eligible?

Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details. 

How can I access the money?

SC is accepting applications for round three through December 1, 2025. In NC, renters and homeowners in Orange, Granville, and Durham counties may be eligible for subgrants to help with energy efficiency upgrades.

Tax deduction for energy efficiency measures in new construction or building renovations. Available for projects that begin construction by June 30, 2026.

What does this funding get me?

A tax deduction of up to $5/square foot for energy efficiency measures in new construction or renovations that achieve above a certain level of energy savings. 

Am I eligible?

Formerly only for businesses, tax-exempt entities can now transfer the deduction to contractors in exchange for reduced project costs. 

How can I access the money?

Businesses claim the deduction on their tax return. Tax-exempt entities transfer the deduction to a building designer via an allocation letter.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Loans and grants for renewable energy and energy efficiency improvements for agricultural producers and rural small businesses.

What does this funding get me?

Agricultural producers and rural small businesses can apply for loan guarantees and grants for renewable energy systems ($2,500-$1 m) and energy efficiency improvements ($1,500-$500,000). Combined grant and loan-guarantee funding could cover up to 75% of project costs. 

Am I eligible?

Eligible entities include agricultural producers and rural small businesses.

How can I access the money?

Applications are currently being accepted for guaranteed loans and grants.

Loans and grants to increase energy efficiency and improve the comfort of buildings.

What does this funding get me?

Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.

Am I eligible?

State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.

How can I access the money?

This funding is no longer available. If you want more incentives like this, tell your Federal, North Carolina, and South Carolina legislators. Click “Learn More” to see how this program benefited the Carolinas.

Improved financing of clean energy, especially for low-income and disadvantaged communities. 

What does this funding get me?

$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities

Am I eligible?

Grants were awarded to 8 large nonprofits that will in turn distribute funds to households, small businesses, community lenders and others. Click “Learn More” for details.

How can I access the money?

Grant awards were announced April 2024, but recipients’ access to the grant funds has been frozen by the US EPA. Grantees have sued to regain access to the funds. Click “Learn More” for details.

What funding is available to me?

A list of assistance programs offered by major utility providers in NC and SC.

What does this funding get me?

Programs vary by provider.

Am I eligible?

Contact your utility provider to confirm eligibility for programs.

How can I access the money?

Click “Learn More” to find out what assistance your provider offers.

South Carolina loans for implementing measures that will produce energy savings.

What does this funding get me?

A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.

Am I eligible?

South Carolina businesses, nonprofits, government entities.

How can I access the money?

Visit the website and contact contact Nat Green, Business Development Center of SC, 803-744-0309, NGreen@BDCofSC.org.

HeroX is a platform for listing innovation challenges. Teams compete for prizes by proposing solutions to the challenges.

What does this funding get me?

Prize competition for energy innovation. Teams compete for prizes by proposing solutions to one of the hundreds of challenges listed online.

Am I eligible?

Teams of individuals, community-based organizations, local governments and Tribal governments can apply. Eligibility may vary by challenge.

How can I access the money?

Explore available challenges, gather needed resources and alliances, and apply to solve the challenge. Click “Learn More” to find out how.

Help with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency.

What does this funding get me?

Designed to help local governments with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency. Applicants can apply either for grants or for technical assistance and/or equipment-rebate vouchers. 

Am I eligible?

Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details. 

How can I access the money?

SC is accepting applications for round three through December 1, 2025. In NC, renters and homeowners in Orange, Granville, and Durham counties may be eligible for subgrants to help with energy efficiency upgrades.

Tax deduction for energy efficiency measures in new construction or building renovations. Available for projects that begin construction by June 30, 2026.

What does this funding get me?

A tax deduction of up to $5/square foot for energy efficiency measures in new construction or renovations that achieve above a certain level of energy savings. 

Am I eligible?

Formerly only for businesses, tax-exempt entities can now transfer the deduction to contractors in exchange for reduced project costs. 

How can I access the money?

Businesses claim the deduction on their tax return. Tax-exempt entities transfer the deduction to a building designer via an allocation letter.

Loans and grants for renewable energy and energy efficiency improvements for agricultural producers and rural small businesses.

What does this funding get me?

Agricultural producers and rural small businesses can apply for loan guarantees and grants for renewable energy systems ($2,500-$1 m) and energy efficiency improvements ($1,500-$500,000). Combined grant and loan-guarantee funding could cover up to 75% of project costs. 

Am I eligible?

Eligible entities include agricultural producers and rural small businesses.

How can I access the money?

Applications are currently being accepted for guaranteed loans and grants.

Loans and grants to increase energy efficiency and improve the comfort of buildings.

What does this funding get me?

Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.

Am I eligible?

State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.

How can I access the money?

This funding is no longer available. If you want more incentives like this, tell your Federal, North Carolina, and South Carolina legislators. Click “Learn More” to see how this program benefited the Carolinas.

Improved financing of clean energy, especially for low-income and disadvantaged communities. 

What does this funding get me?

$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities

Am I eligible?

Grants were awarded to 8 large nonprofits that will in turn distribute funds to households, small businesses, community lenders and others. Click “Learn More” for details.

How can I access the money?

Grant awards were announced April 2024, but recipients’ access to the grant funds has been frozen by the US EPA. Grantees have sued to regain access to the funds. Click “Learn More” for details.

What funding is available to me?

Loans and grants to increase energy efficiency and improve the comfort of buildings.

What does this funding get me?

Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.

Am I eligible?

State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.

How can I access the money?

This funding is no longer available. If you want more incentives like this, tell your Federal, North Carolina, and South Carolina legislators. Click “Learn More” to see how this program benefited the Carolinas.

What funding is available to me?

South Carolina loans for implementing measures that will produce energy savings.

What does this funding get me?

A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.

Am I eligible?

South Carolina businesses, nonprofits, government entities.

How can I access the money?

Visit the website and contact contact Nat Green, Business Development Center of SC, 803-744-0309, NGreen@BDCofSC.org.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Loans and grants to increase energy efficiency and improve the comfort of buildings.

What does this funding get me?

Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.

Am I eligible?

State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.

How can I access the money?

This funding is no longer available. If you want more incentives like this, tell your Federal, North Carolina, and South Carolina legislators. Click “Learn More” to see how this program benefited the Carolinas.

What funding is available to me?

A list of assistance programs offered by major utility providers in NC and SC.

What does this funding get me?

Programs vary by provider.

Am I eligible?

Contact your utility provider to confirm eligibility for programs.

How can I access the money?

Click “Learn More” to find out what assistance your provider offers.

South Carolina loans for implementing measures that will produce energy savings.

What does this funding get me?

A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.

Am I eligible?

South Carolina businesses, nonprofits, government entities.

How can I access the money?

Visit the website and contact contact Nat Green, Business Development Center of SC, 803-744-0309, NGreen@BDCofSC.org.

Loans for energy solutions and reinvestment in closed or aging energy facilities.

What does this funding get me?

Loans for energy and supply chain solutions, energy infrastructure reinvestment, advanced vehicle manufacturing, Tribal energy, and CO2 transportation.

Am I eligible?

State governments, local governments, nonprofits, Federally- and State-recognized Tribes, special districts, independent school districts, public and private institutions of higher education, public housing authorities, and large and small businesses may be eligible to apply.

How can I access the money?

Click “Learn More” for information on how to apply. 

HeroX is a platform for listing innovation challenges. Teams compete for prizes by proposing solutions to the challenges.

What does this funding get me?

Prize competition for energy innovation. Teams compete for prizes by proposing solutions to one of the hundreds of challenges listed online.

Am I eligible?

Teams of individuals, community-based organizations, local governments and Tribal governments can apply. Eligibility may vary by challenge.

How can I access the money?

Explore available challenges, gather needed resources and alliances, and apply to solve the challenge. Click “Learn More” to find out how.

Help with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency.

What does this funding get me?

Designed to help local governments with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency. Applicants can apply either for grants or for technical assistance and/or equipment-rebate vouchers. 

Am I eligible?

Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details. 

How can I access the money?

SC is accepting applications for round three through December 1, 2025. In NC, renters and homeowners in Orange, Granville, and Durham counties may be eligible for subgrants to help with energy efficiency upgrades.

Tax deduction for energy efficiency measures in new construction or building renovations. Available for projects that begin construction by June 30, 2026.

What does this funding get me?

A tax deduction of up to $5/square foot for energy efficiency measures in new construction or renovations that achieve above a certain level of energy savings. 

Am I eligible?

Formerly only for businesses, tax-exempt entities can now transfer the deduction to contractors in exchange for reduced project costs. 

How can I access the money?

Businesses claim the deduction on their tax return. Tax-exempt entities transfer the deduction to a building designer via an allocation letter.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Individuals, businesses, and nonprofits can get significant tax credits for buying a new or used electric vehicle (EV) or installing EV chargers. You must install the charger by June 30, 2026. You must sign a contract for the EV and put some money down by by September 30, 2025. 

What does this funding get me?

Individuals: up to $7,500 on new EVs, $4,000 on used EVs, $1,000 on a charger. 

Businesses/nonprofits: up to $7,500 on new EVs, $40,000 on EVs > 14,000 lbs., $100,000 on chargers.

Charger credit applies only to chargers installed in low-income or non-urban areas.

Am I eligible?

Individuals (as of 2024, you qualify for the vehicle credit even if you don’t owe taxes; you receive the charger credit only up to the amount of tax you owe but you may carry over unused portions to future years).

Nonprofits receive full credit as direct payment.

Businesses up to the tax you owe (though you can carry over or sell unused credits).

How can I access the money?

Claim credits when you file your tax return. Nonprofits can receive the credit as a direct payment.

For individuals,  starting in 2024, you can instead transfer your EV credit to the dealer, who will reduce the cost of the vehicle by that amount.

 

Loans and grants for renewable energy and energy efficiency improvements for agricultural producers and rural small businesses.

What does this funding get me?

Agricultural producers and rural small businesses can apply for loan guarantees and grants for renewable energy systems ($2,500-$1 m) and energy efficiency improvements ($1,500-$500,000). Combined grant and loan-guarantee funding could cover up to 75% of project costs. 

Am I eligible?

Eligible entities include agricultural producers and rural small businesses.

How can I access the money?

Applications are currently being accepted for guaranteed loans and grants.

Improved financing of clean energy, especially for low-income and disadvantaged communities. 

What does this funding get me?

$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities

Am I eligible?

Grants were awarded to 8 large nonprofits that will in turn distribute funds to households, small businesses, community lenders and others. Click “Learn More” for details.

How can I access the money?

Grant awards were announced April 2024, but recipients’ access to the grant funds has been frozen by the US EPA. Grantees have sued to regain access to the funds. Click “Learn More” for details.

Loans to support the manufacture of eligible advanced technology vehicles and components

What does this funding get me?

Loans to support a range of manufacturing, including light-duty vehicles, medium- and heavy-duty vehicles, locomotives, maritime vessels including offshore wind vessels, aviation, and hyperloop. Loan amount cannot exceed 80% of eligible project costs. 

Am I eligible?

Eligible recipients included manufacturers of eligible vehicles or of components of materials that support eligible vehicles’ fuel economy performance.

How can I access the money?

Funding that had not already been awarded was canceled by the budget reconciliation bill signed on July 4, 2025.

What funding is available to me?

Tax deduction for energy efficiency measures in new construction or building renovations. Available for projects that begin construction by June 30, 2026.

What does this funding get me?

A tax deduction of up to $5/square foot for energy efficiency measures in new construction or renovations that achieve above a certain level of energy savings. 

Am I eligible?

Formerly only for businesses, tax-exempt entities can now transfer the deduction to contractors in exchange for reduced project costs. 

How can I access the money?

Businesses claim the deduction on their tax return. Tax-exempt entities transfer the deduction to a building designer via an allocation letter.

If you install solar (or certain other technologies) on property belonging to your for-profit business, you can get 30-70% of the price back as a tax credit.

What does this funding get me?

Pays back 30-70% of cost of solar, wind, geothermal, battery storage.

Am I eligible?

All for-profit businesses installing systems under 1 megawatt are eligible to receive a tax credit of at least 30% of the cost of the system, with bonus credits depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. If the business does not owe enough tax to use the entire credit, it can transfer the unused portion to another taxpayer. Click “Learn More” for details on when the credits expire.

How can I access the money?

Click “Learn More” for details.

Individuals, businesses, and nonprofits can get significant tax credits for buying a new or used electric vehicle (EV) or installing EV chargers. You must install the charger by June 30, 2026. You must sign a contract for the EV and put some money down by by September 30, 2025. 

What does this funding get me?

Individuals: up to $7,500 on new EVs, $4,000 on used EVs, $1,000 on a charger. 

Businesses/nonprofits: up to $7,500 on new EVs, $40,000 on EVs > 14,000 lbs., $100,000 on chargers.

Charger credit applies only to chargers installed in low-income or non-urban areas.

Am I eligible?

Individuals (as of 2024, you qualify for the vehicle credit even if you don’t owe taxes; you receive the charger credit only up to the amount of tax you owe but you may carry over unused portions to future years).

Nonprofits receive full credit as direct payment.

Businesses up to the tax you owe (though you can carry over or sell unused credits).

How can I access the money?

Claim credits when you file your tax return. Nonprofits can receive the credit as a direct payment.

For individuals,  starting in 2024, you can instead transfer your EV credit to the dealer, who will reduce the cost of the vehicle by that amount.