Programs have different ways in which each applicant will receive awards.
A vehicle purchaser or lease operator agrees to purchase equipment from a vendor. The vendor will deduct the value of the voucher, like a coupon, from the total sale price. Once the piece of equipment is delivered, the vendor will receive a reimbursement for the voucher amount from the entity providing the incentive.
Awards that are typically redeemed after a purchase (some programs offer rebates ahead of a purchase, usually upon presentation of a purchase order).
Applications for grants are typically more extensive than for rebates, and awards are typically made on a competitive basis
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A tax credit can come as a deduction, exemption, or credit. Most tax incentive programs for school buses come in the form of a tax credit. A tax credit is a dollar-for-dollar amount that taxpayers can claim on their tax return to reduce the income tax they owe. Eligible taxpayers can use them to reduce tax bills and potentially increase refunds.
Our EV Specialists are available to assist school districts with budgets and funding, where applicable:
Note: NYSBIP is a voucher incentive program that will accelerate the deployment of zero-emission school buses and charging infrastructures throughout New York State. Zero-emission school buses include electric and hydrogen fuel cell school buses (collectively called ESBs). A total of $300M is available to fund the acquisition of new ESBs and charging infrastructure and help districts complete a Fleet Electrification Plan. School Bus Voucher Applications and Charging Voucher Applications are being accepted on a first-come, first-served basis.
(NYSBIP)-$ 500,000- up to $257,250 per electric school bus.
Through this program, schools are eligible for ‘Clean Transportation Studies, ’ which can help districts develop fleet transition plans. Depending on need status and disadvantaged community status, the program can cover up to 100% of the study.
This program offers a similar offering as CGSI but is also available for bus contractors. FlexTech covers up to 75% of the ‘Clean Transportation Studies’ cost for schools and up to 50% for contractors.
EPA Clean School Bus Program—With funding from the Bipartisan Infrastructure Law, the Environmental Protection Agency (EPA) offers rebate and grant funding to replace existing school buses with zero-emission and low-emission models, up to $280,000 per bus. The program opens in February 2025 and closes in the Fall of 2025.
Get the information and resources you need to get started today. When you are ready, reach out to one of our experts that will help you tailor a plan for your specific situtation.
*We are pleased to offer complimentary EV support to school districts in upstate New York. Contact us today to see if your district is in our qualified area.
