Rebates for Residential EV Chargers in Maryland
Last updated: April 18, 2024
If you own, or are thinking of purchasing, an electric car, something that you had to consider at one point was how you were going to charge it. While Maryland ranks #9 in the US for the number of publicly available EV Chargers, the convenience of being able to charge your electric car at home is hard to beat. These chargers can cost quite a bit though.
Typically, rebates for EV chargers can come multiple sources; your local town, county, electric utility, State or the Federal Government. In Maryland, there are 2 programs that you may be able to use to get a rebate or incentive for installing an EV charger in your home. You can view the programs below.
Maryland's State Rebate Program
The State of Maryland has a rebate program residential EV chargers. The funding for this program is fully subscribed and new applications and being placed on a waitlist.
The Maryland EVSE Rebate Program program offers a rebate of $700 per charger. The incentive may cover up to 50% of the project cost. The rebate program covers Level 1, Level 2 and Level 3 chargers.
Federal Tax Incentive
The Federal Goverment has a tax credit for installing residential EV chargers. Commonly referred to as the 30C Federal Tax Credit, this incentive offers 30% of the cost of installing an EV Chargers up to $1,000.When the tax credit was renewed in 2022, a new stipulation was added that in order to receive the tax credit, the property must be located in an approved census tract. This requirement applies to any installations completed after December 31, 2022.
Learn more about the Federal Tax Credit
What is the difference between the types of EV chargers?
A Level 1 EV Charger plugs into a standard out in your home (120V) to juice up your car. Usually, a level one charger can add 2 to 3 miles to your car for each hour they're used. Most electric vehicles in the US will come with a Level 1 charger.
A Level 2 EV charger lets you charge up your electric vehicle much around five times faster. These chargers use 240V or the type of outlet you see for an electric dryer or stovetop. They add between 12 and 60 miles to your battery each hour.
A Level 3 EV charger is the fastest type of EV charger. They're also called fast chargers, DCFC chargers, and DC fast chargers. These units typically use 400V or more and add 150 miles to a battery in an hour. They're not very common in residential applications at this point.
Learn more about the types of EV Chargers
How much does an EV charger cost?
The cost of an EV charger can vary depending on the specific type you want to purchase. They usually range from $300 - 1,000. It's important to remember that Level 2 and Level 3 chargers typically require professional installation, which often costs more than the charger itself. You can see examples of chargers below:
Do businesses qualify for this EV charger rebate?
Businesses, non-profits, and multi-family facilities are considered commercial accounts by many utilities. Commercial accounts have different rebate programs to use than residential accounts. Rebates4EVChargers only shows residential rebates.
Additional information
Do I need an EV charger for my electric car?
One of the first things new owners think about when buying an electric car is how to charge it. Do you need to install a home EV charger? Learn how to make the decision.
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Federal Tax Credit for EV Chargers Renewed
The Inflation Reduction Act just extended the 30C Tax Credit for installing EV chargers. Homeowners get a credit for up to 30% of the cost up to $1,000.
Continue reading
Disclaimer: The information above is provided as an informational resource. Rebates4EVChargers does not provide any warranties or representations as to, and will not be responsible for, the accuracy or correctness of the rebate information. Contact your rebate provider for the most current information. As an Amazon Associate, Rebates4EVChargers may earn commissions from qualifying purchases.