Shorepower – Plug In and Save

Alert: Electric infrastructure (including Shorepower): 20% tax credit up to $80K per public facility available through 2017.

imgres“An income tax credit is available to eligible taxpayers who construct or purchase and install qualified alternative fueling infrastructure. The tax credit is 50% of the total allowable costs associated with construction or purchase and installation of the equipment, up to $250,000. If the infrastructure is accessible for public use, the credit allowed will be multiplied by 1.25 and the maximum amount will be $312,500, so long as the amount of the credit allowed does not exceed the cost of construction. The maximum tax credit will decrease to 20% of the total allowable costs associated with the fueling infrastructure, up to $400,000 per facility, on January 1, 2014. For the purpose of this tax credit, qualified alternative fuels include natural gas and propane. This tax credit expires December 31, 2017. (Reference West Virginia Code 11-6D)”