Funding Incentives
For the latest information from the US Department of Energy (DOE) on federal and state tax incentives, laws and regulations pertaining to alternative fuels and alternative fuel technologies, air quality, fuel efficiency, and other transportation-related topics, click here.
Federal
For a thorough summary of federal incentives, laws and regulations relevant to alt fuels and alt fuel technologies, air quality, fuel efficiency, and other transportation-related topics, organized by category or agency, click here.
Alternative Fuel Vehicle Refueling Property Credit
A tax credit is available for the cost of installing alternative fueling equipment put into service after December 31, 2005. Eligible alternative fuels are natural gas, liquefied petroleum gas, hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel. For more information about this credit click here or to access tax form 8911, click here.
North Carolina
For the most up to date information on relevant North Carolina tax incentives, laws and regulations, click here.
Biofuel Fueling Infrastructure Tax Credit
Available for qualified refueling facilities that dispense biodiesel, 100% ethanol or ethanol/gasoline blends consisting of at least 70% ethanol. Facilities must be placed in service before January 1, 2011 (Reference North Carolina General Statutes 105 129.16D). For more information, click here.
Biofuel Production Facility Tax Credit
Available for the processing of biodiesel, ethanol, or ethanol/gasoline blends consisting of at least 70% ethanol. The credit is equal to 25% of the cost of constructing and equipping the facility and a facility must be placed in service before January 1, 2011 (Reference North Carolina General Statutes 105-129.15 and 105-129.16D). For more information, click here.