Overview
Section 30C provides a tax credit for the installation of qualified alternative fuel vehicle refueling property. This includes electric vehicle charging stations, hydrogen refueling stations, and other alternative fuel dispensing equipment. The Inflation Reduction Act extended and expanded this credit with new requirements and bonus credits for projects in certain locations.
Credit Structure
Base investment credit
Base rate for property not meeting wage/apprenticeship requirements
With Prevailing Wage & Apprenticeship
Enhanced investment credit
Full credit with prevailing wage and apprenticeship requirements satisfied
Bonus Multipliers
Location Requirement
+RequiredProperty must be located in a low-income or rural census tract to qualify for any credit.
Maximum Credit
+$100,000Maximum credit per item of qualified property.
Eligibility & Requirements
- 1Property must be for refueling motor vehicles with alternative fuels
- 2Must be placed in service in a qualified census tract (low-income or rural)
- 3Includes EV charging, hydrogen, natural gas, propane, and other alternative fuels
- 4Both depreciable (business) and non-depreciable (personal) property may qualify
- 5Must meet all IRS registration and reporting requirements
Direct Pay Election
Tax-exempt entities and other qualified organizations may elect direct payment for Section 30C credits on qualified refueling property.
Learn More About Direct Pay