While many fleets realize the fuel savings benefits of operating natural gas vehicles based on their driving conditions alone, many more companies are taking advantage of deploying NGV’s among their own fleet by reducing their upfront costs for conversion.
Are you utilizing the state incentive opportunities available to you for upfitting your vehicle to natural gas?
Last week Colorado Governor, John Hickenlooper, signed into law HB 1326. The alternative fuel measure is expected to give Natural Gas Vehicles a significant boost in a state that has been actively promoting the use of NGVs. The tax credits for vehicles cover 55 percent of the cost to convert a vehicle to operate on natural gas.
Texas, thru the Texas Commission on Environmental Quality (TCEQ) Light-Duty Motor Vehicle Purchase or Lease Incentive Program, offers up to 90% of incremental cost to purchase, lease, commercially finance, or repower with qualifying natural gas vehicles or engines!
Other states such as Oklahoma offer an Alternative Fuel Vehicle (AFV) Tax Credit for up to 50% of the incremental cost of up fitting a vehicle to operate on natural gas.
And not to be outdone, California’s Alternative and Renewable Fuel and Vehicle Technology Program through the California Energy Commission (CEC) offer individual incentive amounts by gross vehicle weight (GVW) are as follows:
Additional Incentives by State as of June 11, 2014 include:
New York: Incentives require vehicles to be domiciled and used in one of the five boroughs of NYC: Class 3 – 8 vehicles, dedicated of bi-fuel, incentive is: 80% of incremental cost, not to exceed $40,000/vehicle
Pennsylvania: ACT 13 Grants: Vehicle must be less than 26,000 lbs GVW (Class 1-7); Incentive is: 50% of incremental cost, not to exceed $25,000/vehicle
Maryland: Maryland Energy Incentive Program: Class 1-2; Incentive is: $3,000/vehicle ; Class 3-4; Incentive is: $5,000/vehicle ; Class 5-7; Incentive is: $12,000/vehicle
Massachusetts: CMAQ Funding for incremental vehicle cost is available through the MA Clean Cities program housed within the Commonwealth of MA Department of Energy Resources
Florida: Just announced incentives on both vehicles and infrastructure.
How are you taking advantage of these vehicle upfit incentive opportunities for your fleet?
For a complete list of Landi Renzo vehicles that qualify for each of these programs, learn more about how to apply these incentives to your fleet, or connect with any one of our authorized distribution and installation partners, contact us at email@example.com or calling (310)257-9481 to speak with a representative.
Visit NGV America’s State NGV Incentives for a complete listing of NGV incentives available to you in your state.