On this page, you’ll find information about local, state, and federal funding opportunities and incentives available to individuals, businesses, nonprofits, and governments in eastern Oklahoma.
Quick Links
- The U.S. Department of Energy’s Alternative Fuels Data Center tracks Oklahoma Laws and Incentives and Federal Laws and Incentives which can be found and filtered by technology and public/private sources.
- Clean Cities & Communities Funding Opportunities are available periodically from the Vehicle Technologies Office and may be relevant to a variety of coalition stakeholders.
- DSIRE serves as a comprehensive information hub for renewable energy and energy efficiency incentives at state and federal levels.
Latest Funding Announcements
Tax Credits
Federal
Clean Vehicle Credits
For NEW VEHICLES placed in service (delivered) in 2023 or after:
All-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500 under Internal Revenue Code Section 30D. The credit amount varies based on the capacity of the battery used to power the vehicle. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
If you do not transfer the credit, it is nonrefundable when you file your taxes, so you can’t get back more on the credit than you owe in taxes. You can’t apply any excess credit to future tax years. For information on transferring a clean vehicle tax credit to a car dealership in exchange for an equivalent reduction in the purchase price of the vehicle, check out this IRS fact sheet: https://www.irs.gov/pub/irs-pdf/p5900.pdf.
Keep in mind:
- The availability of the credit will depend on several factors, including the vehicle’s MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI).
- At the time of sale, the seller must give you information about your vehicle’s qualifications. Sellers must also register online and report the same information to the IRS. If they don’t, your vehicle won’t be eligible for the credit.
- Buyers are advised to obtain a copy of the IRS’s confirmation that a “time-of-sale” report was submitted successfully by the dealer.
Full details on eligibility and claiming the credit is available at https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after.
For USED VEHICLES purchased on or after January 1, 2023:
Pre-owned all-electric, plug-in hybrid, and fuel cell electric vehicles purchased in 2023 or after may be eligible for a federal income tax credit of up to $4,000 under Internal Revenue Code Section 30D. The credit amount varies based on the capacity of the battery used to power the vehicle. This credit is newly available in 2023.
If you do not transfer the credit, it is nonrefundable when you file your taxes, so you can’t get back more on the credit than you owe in taxes. You can’t apply any excess credit to future tax years. For information on transferring a clean vehicle tax credit to a car dealership in exchange for an equivalent reduction in the purchase price of the vehicle, check out this IRS fact sheet: https://www.irs.gov/pub/irs-pdf/p5900.pdf.
Keep in mind:
- The credit is available only for vehicles with a sales price of $25,000 or less. The availability of the credit also depends on several other factors, including the vehicle’s final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI).
- In accordance with new IRS regulations, beginning January 1, 2024, Clean Vehicle Tax Credits must be initiated and approved at the time of sale.
- Buyers are advised to obtain a copy of the IRS’s confirmation that a “time-of-sale” report was submitted successfully by the dealer.
DISCLAIMER
The information regarding the Clean Vehicle Credits is based on resources provided by the IRS. The information on this page should not be viewed as an official or legally binding document. Other requirements or exceptions may apply. For more detailed information, please consult an IRS tax representative and/or official IRS publications.
State
Considerations for Stakeholders
Important notes regarding Oklahoma’s Alternative Fuel Incentives
- Electric Vehicle Charging equipment must be “metered-for-fee” to be eligible for the tax credit
- Please read the regulations carefully and consult an attorney or tax professional before planning to utilize this credit for an EV charging project.
Oklahoma Alternative Fuel Tax Credit Forms
To apply for Oklahoma Alternative Fuel Vehicle and Infrastructure Tax Credit you will need the following forms.
- Required Form | You must fill out Form 511CR for each tax credit for which you are applying.
- Vehicle & Fueling Station Credits | To apply for vehicle credits and/or fueling station credits, you must fill out Form 567A.
Federal Alternative Fuel Tax Credit Forms
For the federal tax credit for selling alternative fuels for use in a motor vehicle, consult the following IRS pages:
- Part 4.24.2. Form 637, Excise Tax Registrations
- Claim for Refund of Excise Taxes (Form 8849)
- Form 8849 Schedule 3, Certain Fuel Mixtures and the Alternative Fuel Credit
When considering an application for a grant, reach out to us first so we can review and provide further assistance
Available Rebate Programs
Alternative Fuel School Bus and Electric Vehicle (EV) Charger Rebate
The Oklahoma Department of Environmental Quality (DEQ) offers rebates for projects that repower or replace an actively used, engine model year 2009 or older, diesel school bus with a model that operates on alternative fuel. Eligible alternative fuels and technologies include all-electric, propane, and natural gas. Applicants may receive rebates of up to 45% of project costs. Charging infrastructure for electric buses is eligible for funding, but is subject to a per-charger maximum and project cap. The program is funded by Oklahoma’s portion of the Volkswagen Environmental Mitigation Trust. Applications must be submitted through Oklahoma’s Clean Diesel Program. For more information, see the DEQ Alternative Fuel School Bus Program website.
Oklahoma Natural Gas CNG Rebate
The State of Oklahoma offers rebate program to promote CNG use in Oklahoma, funded through a 25-cent surcharge on each gallon of CNG sold at all public CNG dispensers owned and operated by Oklahoma Natural Gas. Visit ONG’s website for program updates, rebate applications, and more information.
Rebate Levels
- $2,000 for dedicated NGVs
- $2,000 for bi-fuel NGVs
- $3,000 for home fueling systems
Oklahoma Electric Cooperative Electric Vehicle (EV) Rebate
OEC offers a rebate of up to $300 for customers who own an EV. Eligible customers must own a Level 2 EV charger and schedule vehicle charging during off-peak hours. For more information, see the OEC Energy Efficiency Rebates website.
Oklahoma Gas & Electric (OG&E) Electric Vehicle (EV) Charging Rebate
OG&E offers a $250 rebate per charging port for residential customers. These rebates go towards the purchasing and installing qualified EV charging stations. Visit this page for more information.
East Central Electric Cooperative Electric Vehicle (EV) Charging Stations Rebate
East Central offers up to a $250 rebate for residential and commercial customers interested in purchasing qualifying Level 2 EV charging stations. For more information on this rebate program, visit this link.
Lake Region Electric Cooperative Electric Vehicle (EV) Home Charging Station Rebate
Lake Region offers up to a $250 rebate for residential and commercial customers interested in purchasing qualifying Level 2 EV charging stations. Visit their page for more information
Verdigris Valley Electric Cooperative Electric Vehicle (EV) Charging Stations Rebate
Verdigris Lake Region offers up to a $250 rebate for residential and commercial customers interested in purchasing qualifying Level 2 EV charging stations, limited to two per member location. For more information, visit this link.