Grow your business in the Garden State with electric vehicle incentives in New Jersey

 

 

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26 Feb 2024 10 mins to read

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There has never been a better time to support the future of electric power, especially in the Garden State. With New Jersey's expanded tax credits and strong incentives for electric vehicle charging, now is a great time to invest in electric vehicle charging.
Grow your business in the Garden State with electric vehicle incentives in New Jersey
Organizations can amortize upfront costs and realize sustainable savings over the years. If your business is located in New Jersey, ENERGY5 can help you take advantage of these New Jersey EV incentives and provide the support and software you need to manage your new charging network. Where to start.

Federal tax credits.

Regardless of location, there's good news for businesses ready to convert their fleets to electric vehicles and provide state-of-the-art services to their customers and employees: the 2020 federal 30C tax credit has been extended through 2021, providing significant savings on electric vehicle charging.

The 30C credit covers up to 30 percent or $30,000 of the initial cost of purchasing and installing electric vehicle charging infrastructure and equipment for eligible facilities and businesses. Electric vehicle charging infrastructure requires a significant investment, and these federal credits will offset the costs and open the way for more businesses to install charging points for electric vehicle drivers.

In addition, station owners with multiple properties can apply for a loan for each new charging point. Taken together, these federal credits save significant money by helping businesses fully convert their properties and provide valuable and sustainable energy options to the public.

It is impossible to predict whether the 30C tax credit will be extended again in the future. This makes 2021 a critical time to invest in electric vehicles using the best possible incentives.

Incentives for electric vehicles in New Jersey

Once your business has access to federal credits, it's time to explore state and local incentives and EV charging programs that will further reduce initial installation costs. With environmental programs and funding from the Garden State, it's no surprise that electric vehicle charging incentives in New Jersey are some of the most attractive in the country.

As a state closely tied to driving and car culture, New Jersey is at the forefront of electric vehicles and continues to pass laws and incentives to expand infrastructure and ease the transition to electric vehicles. Businesses that convert their fleets to zero-emission vehicles benefit every time they hit the road, from sales tax exemptions on ZEV purchases to fare rebates and credits for replacing trucks with internal combustion engines with clean-fuel alternatives. New Jersey's incentives for electric vehicles also include grants to reduce the cost of electric equipment and discounts for electric vehicle mileage.

The state's flagship It Pay $ to Plug In program is specifically designed to provide grants to install new electric vehicle chargers in public and private parking lots. Eligible local businesses can apply for financing that covers 60-100% of the cost of purchasing and installing electricity. This effectively subsidizes the path to a sustainable future. These incentives apply to Category 2 and advanced DC fast chargers. If these terms are confusing, ENERGY5 can help.

Find the right connection

Electric vehicle technology is evolving and changing at breakneck speed and can be overwhelming for first-time businesses - ENERGY5 will work with your business to create a fully customized electric vehicle adoption strategy based on your specific needs and goals. Whether you're converting your fleet to electric vehicles or helping your employees charge, we can help you choose the right equipment for your business. We can provide charging stations in your office or at your facility for your customers.

Our team of experts has strong relationships with state, local and community programs across the country to maximize financial savings for our customers ENERGY5 helps cover upfront costs while creating a network of charging solutions that will allow It expands and adapts in response to technological innovations.

Once new charging points are installed, the network can be maintained and managed from anywhere using ENERGY5 software. Advising businesses of all sizes, sharing ideas and best practices to maximize return on investment and reduce energy costs; providing 24/7 customer and driver support to keep your stations running and customer satisfaction high; and providing a range of services to help you get the most out of your ENERGY5 network.

With this year already promising to be the best year yet for electric vehicles, contact ENERGY5 today to start growing your business in 2021 and beyond.

Get Juiced NJ Electric Vehicle Incentives Offer Growth Opportunities for Businesses

What is Get Juiced NJ?

Get Juiced NJ is an initiative supported by the New Jersey Board of Public Utilities (NJPB). The purpose of the program is to encourage the use of electric vehicles as an alternative to traditional fossil fuel vehicles to reduce greenhouse gas emissions and cut air pollution. By doing so, it helps the state reach its goal of reducing greenhouse gas emissions to 80% below 2006 levels by 2050.

Why Should Businesses Consider Electric Vehicles?

There are several reasons your business can benefit from using electric vehicles:

  • Environmental Sustainability - Using EVs instead of traditional vehicles helps reduce your carbon footprint, comply with stricter laws, and present your business as being eco-friendly.
  • Cost-Savings - Operating an EV costs less than maintaining a traditional vehicle. You save on gas, taxes such as sales tax, lower maintenance costs, and depreciation.
  • Improved Public Image - Running electric vehicles in your company's fleet showcases a forward-thinking and socially responsible image to your customers and helps build your brand's reputation.
  • Differentiation - It offers your company a unique selling proposition when presenting to potential customers or investors.

How Does Get Juiced NJ Work for Businesses?

Professionals can take advantage of Get Juiced NJ incentives to achieve more cost-efficient sustainability goals. The program offers incentives for businesses consisting of primary workspace charging stations:

  • Businesses get up to $4,000 per station, which covers 80% of the cost for installing the charging infrastructure.
  • Nonprofit organizations are eligible for an additional $300 per station.
  • Up to 50% of the costs of the equipment and installation can be covered--a total of $500,000 per electrified facility.

Additionally, businesses that buy or lease EVs or plug-in electric hybrid vehicles (PHEVs) can claim a 75% tax credit for their purchase or lease.

How Can You Apply for Get Juiced NJ?

Here's how to apply:

  1. Register on the NJPB website and follow all program instructions.
  2. Apply for reimbursement within a month after completing the line item.
  3. Submit invoices and supporting documents such as photographs and payment receipts.

Conclusion

With eco-friendliness and social responsibility becoming increasingly integrated into our businesses' ethos, switching to electric vehicles can bring many financial and brand benefits to your business. The Get Juiced NJ program incentivizes the adoption of EVs for businesses to help support and benefit from a growing green economy within the state. Registering for the program is easy, and the incentives can help your business cut costs while doing your part to preserve the environment.

Revving up Profits How Electric Vehicle Incentives Can Help Grow Your Business in NJ

In this blog post, we’ll discuss how these incentives work and how they can help your business grow.

What are the EV incentives in NJ?

The State of New Jersey offers several incentives to support the adoption of electric vehicles. These incentives include:

  • The Charge Up New Jersey Program, which provides rebates of up to $5,000 for the purchase or lease of a new electric vehicle. This program is available to both individuals and businesses.
  • The Electric Vehicle Infrastructure Grant Program, which provides funding to install electric vehicle charging stations at business locations.
  • The Alternative Fuel Vehicle Infrastructure Tax Credit, which provides a tax credit of up to $5,000 for the purchase or lease of a new electric vehicle charging station.

How can EV incentives help your business?

By taking advantage of these incentives, your business can benefit in several ways:

  • Cost savings: EVs have lower operating costs than traditional cars, reducing the amount your business spends on gas and maintenance.
  • Environmental benefits: Going electric can help reduce your business’s carbon footprint and contribute to a cleaner environment.
  • Public relations: Investing in electric vehicles sends a positive message to your customers and community that your business is committed to sustainability.

Key takeaways

  • New Jersey offers several incentives to businesses to support the adoption of electric vehicles, including rebates, grants, and tax credits.
  • Electric vehicles can benefit your business by reducing operating costs, contributing to a cleaner environment, and improving public relations.
  • By taking advantage of these incentives, your business can save money while helping the environment and improving its image.

Conclusion

Electric vehicles are quickly becoming a popular choice for businesses looking to reduce costs, improve their image, and contribute to a cleaner environment. By taking advantage of the electric vehicle incentives available in New Jersey, your business can benefit in multiple ways while helping to build a sustainable future.

Going Green in the Garden State Boosting Business with EV Incentives

But first, let's talk about why going green is important. New Jersey is one of the 10 states with the highest level of carbon emissions in the country, according to data from the U.S. Energy Information Administration. The transportation sector is the leading contributor to these emissions. By switching to electric vehicles, we can significantly reduce our carbon footprint and improve air quality. Now, back to those incentives. Here's what you need to know:

Consumers

- The state offers a rebate of up to $5,000 to residents who purchase or lease a new electric vehicle. - An additional federal tax credit of up to $7,500 is available for qualifying vehicles. - Electric vehicles are exempt from the state's 7% sales tax, which can add up to significant savings. - Charging stations are becoming more widely available, with some retailers offering free charging to customers.

Businesses

- In addition to the consumer incentives mentioned above, businesses can also take advantage of several incentives. - There is a tax exemption for the purchase of electric vehicles used for business purposes. - Businesses can also receive grants to install charging stations on their premises. - There are also tax credits available for investments in alternative fuel technologies, including EV charging infrastructure. With these incentives in place, it's clear that New Jersey is committed to increasing the adoption of electric vehicles. But what about the benefits for businesses?

Boosting Business

- Operating costs for electric vehicles are significantly lower than those for traditional gasoline vehicles. This can result in considerable savings for businesses with fleets of vehicles. - Electric vehicles are also more efficient, with less wear and tear on the engine and fewer maintenance costs. - Companies that adopt green initiatives are often seen as socially responsible and may attract environmentally conscious customers. Additionally, the promotion of electric vehicles is expected to create jobs and drive economic growth in the state. A report from the Political Economy Research Institute found that investment in clean energy can create three times as many jobs as investment in fossil fuels. Going green is not only good for the environment, but it also makes financial sense for both consumers and businesses. With electric vehicles becoming more affordable and incentives available to make the switch, now is the perfect time to consider going green in the Garden State. Let's work together to reduce carbon emissions and improve air quality for a cleaner and greener future.

Elevating your Bottom Line How Electric Vehicle Incentives Can Help NJ Businesses Blossom

The Pros of Going Electric

Aside from being environmentally friendly, electric vehicles offer businesses a ton of benefits. Here are just a few reasons why switching to EVs can be a game-changer for NJ businesses:

  • Cost savings: While EVs tend to have higher price tags upfront, they're actually much cheaper to maintain and run than traditional gas vehicles, saving businesses money in the long run.
  • Better for the environment: EVs produce zero emissions, making them a much more environmentally friendly option than traditional gas vehicles.
  • Higher resale value: EVs tend to have higher resale values than their gas counterparts, which means businesses can recoup more of their investment when it comes time to sell.
  • Improved brand image: Going green is becoming increasingly important to consumers, and businesses that embrace sustainable practices like using electric vehicles can improve their brand image and appeal to more environmentally conscious customers.

The Push for More EVs

Despite the many benefits of electric vehicles, there are still some barriers to entry that businesses may face. This is where government incentives come in. In recent years, the state of New Jersey has been pushing for widespread adoption of EVs through a variety of incentives and programs designed to make it easier and more affordable for businesses to switch to electric.

EV Incentives for NJ Businesses

NJ businesses can take advantage of a number of incentives to help offset the cost of going electric, including:

  • Charge Up New Jersey: This program offers rebates of up to $5,000 for the purchase of each new EV, as well as up to $500 to install a charging station.
  • Incentives for Fleets: NJ businesses with fleets of more than 10 vehicles are eligible for additional incentives through the New Jersey Department of Environmental Protection's Drive Green program.
  • Utility Incentives: Some New Jersey utilities offer incentives to businesses that install charging stations, making it more affordable to offer EV charging to employees and customers.

The Future of Business and EVs in NJ

As the availability and affordability of electric vehicles continue to grow, we can only expect to see more and more businesses in New Jersey making the switch. Not only do electric vehicles offer businesses a more sustainable and cost-effective option for transportation, but they'll also help to reduce pollution and protect our planet for years to come.

If you're a New Jersey business owner looking to take advantage of EV incentives and do your part for the environment, now is the perfect time to make the switch to electric. With so many incentives and programs available to help offset the cost, there's no reason not to move forward with a cleaner and greener future for your business.

48 Comments


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Hey, fellow NJ peeps! Did you know there are electric vehicle incentives to help businesses in the Garden State? It's a game-changer, man! Time to level up your biz and save dat moolah!
rosette bagaoisan2/25/2024, 4:54:39 PM
Yo, NJ fam! If you got a biz, you can score major perks with electric vehicle incentives. It's like free money for being environmentally friendly. Don't sleep on this opportunity!
Hey, fellow Jersey entrepreneurs! Electric vehicle incentives are the bomb dot com for growing your biz while helping the environment. It's like hitting two birds with one stone. Get on it!
Hey folks, if you're a biz owner in NJ, don't miss out on these electric vehicle incentives. It's a total no-brainer to grow your biz and reduce your carbon footprint. Jersey's got some awesome perks!
Rhoda Derousselle1/20/2024, 2:33:12 PM
Hey, dudes and dudettes in NJ, check out these electric vehicle incentives! They'll skyrocket your business while keeping Jersey fresh and clean. Let's save the planet together, baby!
raquel armster1/12/2024, 3:46:35 PM
Calling all Jersey peeps! Get ready to upgrade your biz with electric vehicle incentives. The Garden State has got your back, helping you go green and boost your business at the same time. #Winning
Yo, Jersey squad! Electric vehicle incentives are da way to go for your biz. You'll be rolling in style, attracting customers and saving the planet. Be a hero and cash in on these deals, peeps!
Attention all businesses in the Garden State! Electric vehicle incentives are here to give your biz a boost. Jersey is all about sustainability, so hop on board and make your mark while being eco-friendly!
OMG, have you heard about the electric vehicle incentives for Jersey businesses? It's totally lit! Get those electric wheels and make your biz stand out while saving the planet. #BusinessGoals
val piertraccini11/16/2023, 8:13:41 PM
Yo, if you run a biz in Jersey, you gotta check out the electric vehicle incentives! They hook you up with sweet deals on EVs. It's like, so easy to grow your biz while being eco-friendly.
Yo, did y'all see them electric vehicle incentives in NJ? This is a game-changer for small biz owners tryna grow in the Garden State! Who's planning to take advantage of these sweet deals?</review> <review><comment>WTF, I didn't even know they had electric vehicle incentives in NJ. That's sick! Can someone tell me more about 'em?</review> <review><comment>Hey, I'm curious, are these electric vehicle incentives only for new businesses, or can existing ones benefit too? Anybody got the DL on this?</review> <review><comment>OMG, electric vehicle incentives in NJ? That's like music to my ears! I wanna know if there's any reimbursement for installing charging stations. Any info, peeps?</review> <review><comment>So, like, how much moolah are we talkin' about in these incentives? I need numbers, people! Don't keep me hangin'!</review> <review><comment>Alright, folks, time to spill the beans. Are these electric vehicle incentives gonna be lenient on the paperwork or is it gonna be a bureaucratic nightmare??</review> <review><comment>Okay, real talk, are these incentives only for Tesla owners or can anyone with an electric vehicle get in on this action? HMU with them deets!</review> <review><comment>Yo, doing my research here, can someone tell me how long these electric vehicle incentives are gonna be available in NJ? Need to plan my biz expansion accordingly!</review> <review><comment>Guys, I'm considering investing in an electric vehicle for my biz and I'm wondering if these incentives cover all expenses like battery replacement and maintenance. Help a buddy out!</review> <review><comment>Hey, anyone else wondering if there are any special requirements to qualify for these electric vehicle incentives? I need to know if my biz is eligible before I get all hyped up!
Yo, did y'all see them electric vehicle incentives in NJ? This is a game-changer for small biz owners tryna grow in the Garden State! Who's planning to take advantage of these sweet deals?</review> <review><comment>WTF, I didn't even know they had electric vehicle incentives in NJ. That's sick! Can someone tell me more about 'em?</review> <review><comment>Hey, I'm curious, are these electric vehicle incentives only for new businesses, or can existing ones benefit too? Anybody got the DL on this?</review> <review><comment>OMG, electric vehicle incentives in NJ? That's like music to my ears! I wanna know if there's any reimbursement for installing charging stations. Any info, peeps?</review> <review><comment>So, like, how much moolah are we talkin' about in these incentives? I need numbers, people! Don't keep me hangin'!</review> <review><comment>Alright, folks, time to spill the beans. Are these electric vehicle incentives gonna be lenient on the paperwork or is it gonna be a bureaucratic nightmare??</review> <review><comment>Okay, real talk, are these incentives only for Tesla owners or can anyone with an electric vehicle get in on this action? HMU with them deets!</review> <review><comment>Yo, doing my research here, can someone tell me how long these electric vehicle incentives are gonna be available in NJ? Need to plan my biz expansion accordingly!</review> <review><comment>Guys, I'm considering investing in an electric vehicle for my biz and I'm wondering if these incentives cover all expenses like battery replacement and maintenance. Help a buddy out!</review> <review><comment>Hey, anyone else wondering if there are any special requirements to qualify for these electric vehicle incentives? I need to know if my biz is eligible before I get all hyped up!
clay colmenero8/24/2023, 9:00:00 PM
Can't wait to see a greener and more sustainable NJ! Let's get those electric vehicles rolling.
lorrie glausier8/22/2023, 9:00:00 PM
Man, why didn't they announce this earlier? I already purchased a new vehicle for my business!
Lizbeth Worner8/22/2023, 9:00:00 PM
This is a huge incentive for businesses to take more sustainable steps. NJ, you're killing it!

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
logo
Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645