Actions for Businesses

Electric Vehicles

Federal Tax Credits

IRA tax credit 45W (Commercial Clean Vehicle Tax Credit) provides:

• up to $7,500 for commercial EVs under 14,000 pounds
• up to $40,000 for commercial EVs over 14,000 pounds (e.g. electric trucks)

These programs are still in development, see the IRS website for updates.

Energy Efficiency

Federal Tax Credits

IRA tax credit 179D (Commercial Buildings Energy-Efficiency Tax Deduction) provides:

• up to $5 per square foot for energy efficiency projects

Maine Incentives

Efficiency Maine has programs for businesses of all sizes, including multifamily buildings with five units or more and Maine’s largest energy customers. Programs include incentives for “off-the-shelf” efficiency measures, such as lighting, heating, and cooling, as well as incentives for custom options for a business.

For more information, visit Efficiency Maine.

Rooftop Solar

Federal Tax Credits

Solar tax credits for businesses, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC), have been expanded by the Inflation Reduction Act:

• 30% of all costs for rooftop solar

See more information from the U.S. Dept. of Energy

EV Chargers

Federal Tax Credits

IRA tax credit 30C offers:

• 30% of costs for EV chargers, up to $100,000, in eligible low-income/nonurban communities

Maine Incentives

Efficiency Maine has several programs for public and commercial EV charging. For more information, visit Efficiency Maine.