Alternative Fueled Vehicle Incremental Cost Credit (Connecticut)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Alternative Fueled Vehicle Incremental Cost Credit|
|Incentive Type||Corporate Tax Credit|
|Energy Category||Renewable Energy Incentive Programs|
|Program Administrator||Connecticut Clean Energy Fund|
|Date added to DSIRE||2000-01-01|
|Last DSIRE Review||2002-12-09|
Connecticut offers a corporate business tax credit in the amount of 10% of the incremental cost of alternative fuel vehicle. For example, a vehicle normally priced at $15,000 that costs $20,000 due to added alternative fuel features, would be eligible for a credit of $500 ($5,000 x 10%). This credit is allowable for vehicles powered exclusively by natural gas, propane, or electricity. There is no limit to the total amount of the credit, which if greater than the total amount of taxes due in one year, may be carried forward for up to three years.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||C.G.S. 12-217i; Public Act 95-15(a)|
|Contact Name||Project Manager, Fuel Cell RFP|
|Department||Connecticut Clean Energy Fund|
|Address||200 Corporate Place, 3rd Floor|
|Place||Rocky Hill, Connecticut|
|Contact Name||Department of Revenue Services|
|Address||25 Sigourney Street, Suite 2|
|Phone 2||(800) 382-9463|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.