If your business installs qualified vehicle refueling and recharging property, including electric vehicle charging equipment, it may be eligible for a credit of up to $100,000 for each qualified item of property.
Tax-exempt entities
Eligible tax-exempt and governmental entities can claim the credit through a new mechanism called [elective pay](https://www.irs.gov/credits-deductions/elective-pay-and-transferability) (also known as “direct pay”) of up to $100,000 for each qualified item of property.
To claim the credit for your organization, you must notify the seller in writing that you intend to claim via elective pay. Otherwise, the seller can claim the credit if they clearly disclose to you the amount of the credit allowable. However, a seller that claims the credit may be willing to install the eligible property at a lower upfront cost to you by passing its tax savings to your organization.
For more information see:
Alternative Fuel Vehicle Refueling Property Credit: LINK | DOWNLOAD
