Up next, we’re breaking down the available electric vehicle charging station incentives and rebates in Maryland.
Maryland and seven other states across the U.S. formed a task force dedicated to implementing the Zero Emission Vehicles program. This program requires vehicle manufacturers in the state to begin selling more ZEVs. Maryland has created several incentive programs to achieve the goal of 300,000 ZEVs on the road by 2025.
By offering rebates to individuals and businesses, these state incentive programs reduce the financial burden of acquiring electric vehicle charging stations and encourage EV adoption. This in turn, supports the state’s goals of increased EV deployment and greenhouse gas reduction.
Below is a list of EV charging station incentive programs offered in the state of Maryland.
Maryland Energy Administration – Electric Vehicle Supply Equipment (EVSE) Rebate Program
Under this program, the Maryland Energy Administration offers a rebate of 40% of the purchase and installation price of the EVSE. Residential rebates are 40% up to $700, up to $4,000 for businesses, and up to $5,000 for retail service stations. At the time of this post, 85% of funds budgeted for FY22 have been committed. The total amount of available funding is $268,538. More on the program here.
Potomac Edison EV Driven Program
EV Driven by Potomac Edison is making EV adoption in Maryland accessible and affordable.
Through the Residential Rebate program, customers receive a $300 rebate for the purchase and installation of a qualified smart Level 2 EV charging station. The Off-Peak Rewards program lets customers earn $0.02 per kWH for net off-peak charging usage by using their smart EV charger between 11 p.m. and 6 a.m. and on weekends. Read more here.
Pepco Charger Rebate Program – EVsmart
Pepco’s EV program offers rebates for its residential and commercial customers.
Residential Charger Rebate
Pepco offers rebates of $300 for residential customers who install qualified Level 2 chargers for their home. At the time of writing, they are not accepting new applications. Check out their site to stay informed.
Multifamily Property Rebate Program
For their multifamily customers, Pepco will rebate 100% of the cost of eligible Level 2 charging equipment, 50% of the network cost, and 100% of the installation – $15,000 per charging station with a limit of 2 charging stations. More here.
BGE Charger Rebate Program – EVsmart
BGE offers incentives and rebates to its residential and commercial customers to encourage EV adoption.
Home Charging Incentive
For its residential customers, BGE offers up to a $50 annual incentive for the installation of a Level 2 EV charger at your home. You must also charge your vehicle during off-peak hours, 9 p.m. – 7 a.m. Learn more here.
Commercial Customer Charger Rebate
Multifamily property managers and owners can increase their property’s value while receiving charging incentives. BGE offers a 50% rebate on the cost of equipment, warranty and installation for eligible Level 2 chargers and up to $5,000 per charging port. They will also rebate 50% of the installation and equipment costs of eligible direct current fast chargers (DCFC) of up to $15,000. Commercial businesses and nonprofits can receive up to $30,000 per property. Read on here.
Delmarva Power Charger Rebate Program – EVsmart
Under their EV incentive program, Delmarva Power offers rebates for its residential and commercial customers.
Residential Charger Rebate
Delmarva offers $300 rebates for residential customers who install qualified Level 2 smart chargers for their home. Learn more here.
Multifamily Property Rebate Program
For their multifamily customers, Delmarva Power will rebate 100% of the cost of eligible Level 2 charging equipment and 100% of the installation – up to $15,000 per charging station with a limit of 2 stations. More here.
Sona is prepared to walk your property through the available incentives and rebates in your state so that you can get started with the right EV solutions! Reach out to us today.
