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$5000 NYS tax credit for putting an electric charger on your property

Updated: Oct 5, 2022

Who is eligible?

You or your business is entitled to this nonrefundable credit for investments in new alternative fuels vehicle refueling property or electric vehicle recharging property for tax years beginning on or after January 1, 2013.

How much is the credit?

The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of property less any cost paid from the proceeds of grants that:

  • is located in New York State;

  • is used 50% or more during the tax year in a trade or business carried on in New York State;

  • constitutes alternative fuels vehicle refueling property or electric vehicle refueling property; and

  • has not been paid for from the proceeds of grants awarded before January 1, 2015, including grants from the New York State Energy Research and Development Authority or the New York Power Authority.


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