* 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.
A solar lease is a way for a homeowner to install solar with no upfront cost.
From now through at least 2027, this is an option for homeowners to lease (rather than purchase) solar and batteries with no upfront cost and possibly save money from day one.
You are eligible if you live in North Carolina, if you own the home where the solar is installed, and if it is a detached home. In most cases, you must have Duke Energy as your electric utility (contact the leasing company for other utilities). Renters qualify with permission of their landlord.
Currently only one company offers this lease. Click “Learn More” for a link to their website. We will add additional companies as others begin to offer residential leases.
Low-interest loans with no minimum FICO score requirement to help Carolinians make clean energy and efficiency upgrades more affordable.
Financing for projects like solar, energy efficiency improvements, disability upgrades, or home electrification are available.
Homeowners and renters are eligible.
Click “Learn More” for details.
South Carolina loans for implementing measures that will produce energy savings.
A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.
South Carolina businesses, nonprofits, government entities.
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.
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.
Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details.
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.
Pays back 30-70% of cost of solar, wind, geothermal, battery storage.
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.
Click “Learn More” for details.
If you install solar (or certain other technologies) on property belonging to your tax-exempt organization, you can get 30-70% of the price back.
Pays back 30-70% of the cost of solar, wind, geothermal, battery storage.
All nonprofits, local governments and other tax-exempt entities installing systems under 1 megawatt are eligible to receive at least 30% as “direct pay” even though they don’t pay taxes, with bonus credits bringing the total up to as much as 70% depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. Click “Learn More” for details on when the credits expire.
Click “Learn More” for details.
Rebates on electrification projects in your home (known in NC as Homeowners Managing Efficiency Rebates)
Rebates for comprehensive home energy upgrades like insulation and air sealing, along with the installation of newer and more efficient appliances. If the upgrade will save 35% or more energy, you can receive up to $4,000 or 50% of the project costs, whichever is lower. For energy savings between 20% and 34%, you can get up to $2,000 or 50% of project costs, whichever is less.
For homeowners and landlords in partnership with contractors. Low-income households are eligible for even more– those earning less than 80% of the Area Median Income can receive double incentives, up to 80% of project costs.
Click “Learn More” for details.
Rebates on electrification projects in low- to moderate-income homes
Point-of-sale rebates (which are essentially big discounts) for electrification projects, many of which save consumers money on their electricity bill. Examples include heat pumps (HVAC systems, water heaters, clothes dryers), electric stoves, and upgrades to ventilation and insulation.
Includes a $14,000 cap per household, with a $8,000 cap for heat pump costs, $1,750 for a heat pump water heater, and $4,000 for panel/service upgrade.
Eligible households: covers 100 percent of electrification project costs for low-income households and 50 percent of costs for moderate-income households
Low-income: 80% of area medium income (AMI) and below Moderate-income: 80 to 150% of AMI
Check here for AMI in your county.
Click “Learn More” for details.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
Loans and grants to increase energy efficiency and improve the comfort of buildings.
Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.
State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.
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.
$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities
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.
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.
Funding to help low-income and disadvantaged households and communities go solar
Funds to help low-income households install solar and batteries, create community solar opportunities for low-income and disdvantaged communities, and build the solar workforce.
Low-income homeowners or renters.
Funds were to be available starting in 2026, but the program is on hold pending lawsuits. Click “Learn More” for details.
Low-interest loans with no minimum FICO score requirement to help Carolinians make clean energy and efficiency upgrades more affordable.
Financing for projects like solar, energy efficiency improvements, disability upgrades, or home electrification are available.
Homeowners and renters are eligible.
Click “Learn More” for details.
Rebates on electrification projects in your home (known in NC as Homeowners Managing Efficiency Rebates)
Rebates for comprehensive home energy upgrades like insulation and air sealing, along with the installation of newer and more efficient appliances. If the upgrade will save 35% or more energy, you can receive up to $4,000 or 50% of the project costs, whichever is lower. For energy savings between 20% and 34%, you can get up to $2,000 or 50% of project costs, whichever is less.
For homeowners and landlords in partnership with contractors. Low-income households are eligible for even more– those earning less than 80% of the Area Median Income can receive double incentives, up to 80% of project costs.
Click “Learn More” for details.
Rebates on electrification projects in low- to moderate-income homes
Point-of-sale rebates (which are essentially big discounts) for electrification projects, many of which save consumers money on their electricity bill. Examples include heat pumps (HVAC systems, water heaters, clothes dryers), electric stoves, and upgrades to ventilation and insulation.
Includes a $14,000 cap per household, with a $8,000 cap for heat pump costs, $1,750 for a heat pump water heater, and $4,000 for panel/service upgrade.
Eligible households: covers 100 percent of electrification project costs for low-income households and 50 percent of costs for moderate-income households
Low-income: 80% of area medium income (AMI) and below Moderate-income: 80 to 150% of AMI
Check here for AMI in your county.
Click “Learn More” for details.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
Loans and grants to increase energy efficiency and improve the comfort of buildings.
Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.
State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.
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.
A solar lease is a way for a homeowner to install solar with no upfront cost.
From now through at least 2027, this is an option for homeowners to lease (rather than purchase) solar and batteries with no upfront cost and possibly save money from day one.
You are eligible if you live in North Carolina, if you own the home where the solar is installed, and if it is a detached home. In most cases, you must have Duke Energy as your electric utility (contact the leasing company for other utilities). Renters qualify with permission of their landlord.
Currently only one company offers this lease. Click “Learn More” for a link to their website. We will add additional companies as others begin to offer residential leases.
South Carolina loans for implementing measures that will produce energy savings.
A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.
South Carolina businesses, nonprofits, government entities.
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.
Pays back 30-70% of cost of solar, wind, geothermal, battery storage.
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.
Click “Learn More” for details.
If you install solar (or certain other technologies) on property belonging to your tax-exempt organization, you can get 30-70% of the price back.
Pays back 30-70% of the cost of solar, wind, geothermal, battery storage.
All nonprofits, local governments and other tax-exempt entities installing systems under 1 megawatt are eligible to receive at least 30% as “direct pay” even though they don’t pay taxes, with bonus credits bringing the total up to as much as 70% depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. Click “Learn More” for details on when the credits expire.
Click “Learn More” for details.
Rebates on electrification projects in low- to moderate-income homes
Point-of-sale rebates (which are essentially big discounts) for electrification projects, many of which save consumers money on their electricity bill. Examples include heat pumps (HVAC systems, water heaters, clothes dryers), electric stoves, and upgrades to ventilation and insulation.
Includes a $14,000 cap per household, with a $8,000 cap for heat pump costs, $1,750 for a heat pump water heater, and $4,000 for panel/service upgrade.
Eligible households: covers 100 percent of electrification project costs for low-income households and 50 percent of costs for moderate-income households
Low-income: 80% of area medium income (AMI) and below Moderate-income: 80 to 150% of AMI
Check here for AMI in your county.
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.
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.
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).
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.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
Loans and grants to increase energy efficiency and improve the comfort of buildings.
Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.
State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.
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.
Funding to help low-income and disadvantaged households and communities go solar
Funds to help low-income households install solar and batteries, create community solar opportunities for low-income and disdvantaged communities, and build the solar workforce.
Low-income homeowners or renters.
Funds were to be available starting in 2026, but the program is on hold pending lawsuits. Click “Learn More” for details.
A solar lease is a way for a homeowner to install solar with no upfront cost.
From now through at least 2027, this is an option for homeowners to lease (rather than purchase) solar and batteries with no upfront cost and possibly save money from day one.
You are eligible if you live in North Carolina, if you own the home where the solar is installed, and if it is a detached home. In most cases, you must have Duke Energy as your electric utility (contact the leasing company for other utilities). Renters qualify with permission of their landlord.
Currently only one company offers this lease. Click “Learn More” for a link to their website. We will add additional companies as others begin to offer residential leases.
Low-interest loans with no minimum FICO score requirement to help Carolinians make clean energy and efficiency upgrades more affordable.
Financing for projects like solar, energy efficiency improvements, disability upgrades, or home electrification are available.
Homeowners and renters are eligible.
Click “Learn More” for details.
South Carolina loans for implementing measures that will produce energy savings.
A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.
South Carolina businesses, nonprofits, government entities.
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.
Pays back 30-70% of cost of solar, wind, geothermal, battery storage.
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.
Click “Learn More” for details.
Rebates on electrification projects in your home (known in NC as Homeowners Managing Efficiency Rebates)
Rebates for comprehensive home energy upgrades like insulation and air sealing, along with the installation of newer and more efficient appliances. If the upgrade will save 35% or more energy, you can receive up to $4,000 or 50% of the project costs, whichever is lower. For energy savings between 20% and 34%, you can get up to $2,000 or 50% of project costs, whichever is less.
For homeowners and landlords in partnership with contractors. Low-income households are eligible for even more– those earning less than 80% of the Area Median Income can receive double incentives, up to 80% of project costs.
Click “Learn More” for details.
Rebates on electrification projects in low- to moderate-income homes
Point-of-sale rebates (which are essentially big discounts) for electrification projects, many of which save consumers money on their electricity bill. Examples include heat pumps (HVAC systems, water heaters, clothes dryers), electric stoves, and upgrades to ventilation and insulation.
Includes a $14,000 cap per household, with a $8,000 cap for heat pump costs, $1,750 for a heat pump water heater, and $4,000 for panel/service upgrade.
Eligible households: covers 100 percent of electrification project costs for low-income households and 50 percent of costs for moderate-income households
Low-income: 80% of area medium income (AMI) and below Moderate-income: 80 to 150% of AMI
Check here for AMI in your county.
Click “Learn More” for details.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
Loans and grants to increase energy efficiency and improve the comfort of buildings.
Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.
State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.
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.
Funding to help low-income and disadvantaged households and communities go solar
Funds to help low-income households install solar and batteries, create community solar opportunities for low-income and disdvantaged communities, and build the solar workforce.
Low-income homeowners or renters.
Funds were to be available starting in 2026, but the program is on hold pending lawsuits. Click “Learn More” for details.
Low-interest loans with no minimum FICO score requirement to help Carolinians make clean energy and efficiency upgrades more affordable.
Financing for projects like solar, energy efficiency improvements, disability upgrades, or home electrification are available.
Homeowners and renters are eligible.
Click “Learn More” for details.
South Carolina loans for implementing measures that will produce energy savings.
A South Carolina program that provides loans to businesses, nonprofits, and government entities to implement energy-saving measures.
South Carolina businesses, nonprofits, government entities.
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.
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.
Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details.
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.
Rebates on electrification projects in your home (known in NC as Homeowners Managing Efficiency Rebates)
Rebates for comprehensive home energy upgrades like insulation and air sealing, along with the installation of newer and more efficient appliances. If the upgrade will save 35% or more energy, you can receive up to $4,000 or 50% of the project costs, whichever is lower. For energy savings between 20% and 34%, you can get up to $2,000 or 50% of project costs, whichever is less.
For homeowners and landlords in partnership with contractors. Low-income households are eligible for even more– those earning less than 80% of the Area Median Income can receive double incentives, up to 80% of project costs.
Click “Learn More” for details.
Rebates on electrification projects in low- to moderate-income homes
Point-of-sale rebates (which are essentially big discounts) for electrification projects, many of which save consumers money on their electricity bill. Examples include heat pumps (HVAC systems, water heaters, clothes dryers), electric stoves, and upgrades to ventilation and insulation.
Includes a $14,000 cap per household, with a $8,000 cap for heat pump costs, $1,750 for a heat pump water heater, and $4,000 for panel/service upgrade.
Eligible households: covers 100 percent of electrification project costs for low-income households and 50 percent of costs for moderate-income households
Low-income: 80% of area medium income (AMI) and below Moderate-income: 80 to 150% of AMI
Check here for AMI in your county.
Click “Learn More” for details.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
Loans and grants to increase energy efficiency and improve the comfort of buildings.
Loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings.
State Energy Offices will receive the funds and then provide grants and loans to homeowners, businesses, local governments, and nonprofits.
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.
$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities
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.
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.
A solar lease is a way for a homeowner to install solar with no upfront cost.
From now through at least 2027, this is an option for homeowners to lease (rather than purchase) solar and batteries with no upfront cost and possibly save money from day one.
You are eligible if you live in North Carolina, if you own the home where the solar is installed, and if it is a detached home. In most cases, you must have Duke Energy as your electric utility (contact the leasing company for other utilities). Renters qualify with permission of their landlord.
Currently only one company offers this lease. Click “Learn More” for a link to their website. We will add additional companies as others begin to offer residential leases.
Help with implementation of strategies to reduce energy use and fossil fuel emissions while improving energy efficiency.
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.
Available to states, local governments, and Tribes. Subgrants may be available to other entities, including renters and homeowners. Click “Learn More” for details.
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.
Pays back 30-70% of cost of solar, wind, geothermal, battery storage.
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.
Click “Learn More” for details.
If you install solar (or certain other technologies) on property belonging to your tax-exempt organization, you can get 30-70% of the price back.
Pays back 30-70% of the cost of solar, wind, geothermal, battery storage.
All nonprofits, local governments and other tax-exempt entities installing systems under 1 megawatt are eligible to receive at least 30% as “direct pay” even though they don’t pay taxes, with bonus credits bringing the total up to as much as 70% depending on circumstances. Most systems over 1 megawatt receive the same as long as prevailing wage and apprenticeship requirements are met. Click “Learn More” for details on when the credits expire.
Click “Learn More” for details.
HUD paid landlords to make climate-friendly upgrades to low-income housing
These were grants and loans for HUD landlords to complete low-income home projects that reduce energy use.
Owners of eligible HUD-assisted multifamily properties were eligible.
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.
$20 billion across two grant programs to improve clean energy financing options, especially for low-income communities
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.
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.
Funding to help low-income and disadvantaged households and communities go solar
Funds to help low-income households install solar and batteries, create community solar opportunities for low-income and disdvantaged communities, and build the solar workforce.
Low-income homeowners or renters.
Funds were to be available starting in 2026, but the program is on hold pending lawsuits. Click “Learn More” for details.
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.
Pays back 30-70% of cost of solar, wind, geothermal, battery storage.
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.
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.
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.
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).
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.
