Molly Ayala
Electric vehicles are becoming increasingly popular as people become more aware of climate change and seek more sustainable ways to travel. The US government is offering rebates and tax credits for electric vehicles, but these vary from state to state. Florida, the state with the second-most EV registrations, is quickly becoming an electrification leader. While there are no state-level tax credits, rebates, or incentives for electric vehicles in Florida, there are still many benefits and incentives offered by utility providers for EV purchases/leases and EV charger installations.
| Characteristics | Values |
|---|---|
| Electric motorcycle rebates in Florida | No state-level rebates for electric motorcycles, but rebates for electric vehicles (EVs) are available from utility providers and local governments |
| Electric vehicle rebates in Florida | Rebates are available from utility providers and local governments. The Orlando Utilities Commission (OUC) offers a $200 rebate for eligible new or pre-owned EVs, and a $50 gift card for test-driving an EV. The Kissimmee Utility Authority (KUA) offers a $100 rebate for purchasing and installing a Level 2 EV charger. The Jacksonville Electric Authority (JEA) offers up to $300 for pre-wiring a Level 2 EV charger. |
| Federal electric vehicle tax credits | Up to $7,500 for new vehicles and $4,000 for used vehicles. The Alternative Fuel Vehicle Refueling Property Credit provides up to $1,000 for installing an EV charger at home, and businesses can claim up to $100,000. |
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What You'll Learn
- There are no state-level tax credits, rebates or incentives for electric vehicles in Florida
- Local governments may offer funding to property owners to help finance EV charger installations
- There are federal tax credits of up to $7,500 for new vehicles and $4,000 for used vehicles
- Businesses can claim EV charger tax credits worth up to $100,000
- Utility providers offer incentives for EV purchases and EV charger installations
There are no state-level tax credits, rebates or incentives for electric vehicles in Florida
While Florida is quickly becoming an electrification leader, there are no state-level tax credits, rebates, or incentives for electric vehicles (EVs) in the state. However, this does not mean that there are no benefits or incentives for purchasing an electric vehicle in Florida.
Firstly, Florida residents may qualify for federal EV tax credits, such as the $7,500 clean vehicle tax credit for new vehicles or the $4,000 used clean vehicle tax credit. Additionally, the Alternative Fuel Vehicle Refuelling Property Credit offers a federal tax credit of up to $1,000 to offset the costs of installing an EV charger at home. Businesses can claim even higher EV charger tax credits, worth up to $100,000.
Secondly, while not state-level, there are local government and utility provider incentives for EV purchases/leases and EV charger installations. For example, the Orlando Utilities Commission (OUC) provides rebates of $200 to Orlando residents who purchase or lease an eligible new or pre-owned personal electric vehicle. Similarly, the Kissimmee Utility Authority (KUA) provides rebates of $100 for the purchase and home installation of a Level 2 EV charger, and the Jacksonville Electric Authority (JEA) offers residential customers an incentive of up to $300 for the pre-wiring necessary to support a Level 2 EV charger.
Thirdly, certain auto insurance providers will offer Florida electric vehicle incentives, possibly up to 10% discounts, for fuel-efficient vehicles and other green driving habits.
Finally, there are other benefits to owning an EV in Florida, such as the fact that charging an electric vehicle costs less than $1 per gallon of fuel, and there are no more emissions tests as EVs produce zero tailpipe emissions.
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Local governments may offer funding to property owners to help finance EV charger installations
In Florida, there are various incentives for purchasing electric vehicles (EVs) and installing EV chargers. While there are no state-level tax credits, rebates, or incentives for EVs, local governments may offer funding to property owners within their jurisdiction to help finance EV charger installations on their property. This can be in the form of loans, grants, or rebates to residential or commercial property owners for installing electric vehicle chargers.
For example, the Commercial Electric Vehicle Charging Station Rebate is available for businesses that provide vehicle charging stations for employees or customers. Additionally, the Florida Electric Vehicle Supply Equipment Financing program offers local government funding for installing an EV charging station on your property.
There are also incentives offered by utility providers for EV charger installations. For instance, the Kissimmee Utility Authority (KUA) provides rebates of $100 for the purchase and home installation of a Level 2 EV charger. Similarly, the Jacksonville Electric Authority (JEA) offers residential customers an incentive of up to $300 for the pre-wiring required for a Level 2 EV charger.
Florida Power & Light (FPL)’s Evolution Home program provides residential customers with electrical upgrades and a Level 2 EV charger for a flat monthly fee, which includes installation and maintenance costs.
It is important to note that these incentives and rebates may have certain conditions and eligibility requirements, so it is recommended to check with local governments and utility providers for specific details.
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There are federal tax credits of up to $7,500 for new vehicles and $4,000 for used vehicles
While there are no state-level tax credits, rebates, or incentives for electric vehicles in Florida, residents may qualify for federal EV tax credits. These include a $7,500 clean vehicle tax credit for new vehicles and a $4,000 used clean vehicle tax credit. These credits are available for the purchase of a new plug-in electric vehicle, with eligibility depending on the vehicle's make and model.
The Inflation Reduction Act of 2022 offers a Clean Vehicle Tax Credit of $3,750 or $7,500, depending on the model. To be eligible, the vehicle must have undergone final assembly in North America, have a battery capacity of at least 7 kilowatt-hours, and weigh less than 14,000 pounds. Beginning January 1, 2024, these credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS.
In addition to federal tax credits, Florida residents can benefit from incentives offered by utility providers for EV purchases, leases, and charger installations. For example, the Orlando Utilities Commission (OUC) provides rebates of $200 for customers who purchase or lease an eligible new or pre-owned electric vehicle. The OUC also offers a $50 gift card to customers who test drive an EV at a participating dealership. Similarly, the Kissimmee Utility Authority (KUA) provides rebates of $100 for the purchase and home installation of a Level 2 EV charger.
Florida also offers a Commercial Electric Vehicle Charging Station Rebate for businesses that provide charging stations for employees or customers. Local governments may also use income from the infrastructure surtax to provide loans, grants, or rebates to property owners to install electric vehicle chargers.
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Businesses can claim EV charger tax credits worth up to $100,000
While Florida does not have state-level tax credits, rebates, or incentives for electric vehicles (EVs), businesses can benefit from federal EV tax credits. Businesses can claim EV charger tax credits worth up to $100,000 through the Alternative Fuel Vehicle Refuelling Property Credit. This federal tax credit can help offset the costs of installing EV chargers.
In addition to federal tax credits, Florida businesses can explore other incentives offered by utility providers for EV charger installations. For instance, the Commercial Electric Vehicle Charging Station Rebate is available for businesses that provide vehicle charging stations for employees or customers. Local governments in Florida may also offer funding or financing agreements to property owners to support the installation of EV chargers.
Furthermore, businesses in Florida can take advantage of programs such as Florida Electric Vehicle Supply Equipment Financing, which provides funding for installing EV charging stations on commercial properties. The Chargepoint App can help locate available charging stations, and programs like the Evolution Home program from Florida Power & Light (FPL) offer residential customers electrical upgrades and Level 2 EV chargers for a flat monthly fee.
It is important to note that eligibility for tax credits and incentives may vary, and it is always recommended to consult with a qualified CPA or tax professional to understand specific requirements and how to apply for these credits.
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$22.6
Utility providers offer incentives for EV purchases and EV charger installations
While Florida does not offer state-level tax credits, rebates, or incentives for electric vehicles, utility providers in the state offer various incentives for EV purchases and EV charger installations.
For instance, the Orlando Utilities Commission (OUC) provides rebates of $200 to residential customers who purchase or lease an eligible new or pre-owned electric vehicle. Applicants must apply within six months of the purchase or lease of the EV. OUC customers may also receive a $50 gift card when they test-drive an EV at a participating dealership.
The Kissimmee Utility Authority (KUA) provides rebates of $100 for the purchase and home installation of a Level 2 EV charger. The EV charger must be installed by a licensed electrical contractor and must meet all state and local codes. Rebates are limited to one per household.
The Jacksonville Electric Authority (JEA) offers residential customers an incentive of up to $300 for the pre-wiring necessary to support a Level 2 EV charger.
Florida Power & Light (FPL)’s Evolution Home program provides residential customers with electrical upgrades and a Level 2 EV charger for a flat monthly fee. The fee covers make-ready costs and EV charging station installation and maintenance.
Additionally, local governments in Florida may offer funding to property owners to help finance EV charger installations on their property. Local governments may also use income from the infrastructure surtax to provide loans, grants, or rebates to residential or commercial property owners to install electric vehicle chargers, but only if a local government ordinance authorizing this use is approved by referendum.
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Frequently asked questions
Florida does not have state-level tax credits, rebates, or incentives for electric vehicles (EVs). However, residents may qualify for federal EV tax credits, such as the $7,500 clean vehicle tax credit for new vehicles or the $4,000 used clean vehicle tax credit.
In addition to the $7,500 clean vehicle tax credit and the $4,000 used clean vehicle tax credit, Florida residents can also take advantage of the Alternative Fuel Vehicle Refuelling Property Credit, which provides a federal tax credit of up to $1,000 to offset the costs of installing an EV charger at home.
Yes, local governments in Florida may offer funding to property owners to help finance EV charger installations on their property. Local governments can use income from the infrastructure surtax to provide loans, grants, or rebates for installing electric vehicle chargers.
Yes, utility providers in Florida offer various incentives for EV purchases and charger installations. For example, the Orlando Utilities Commission (OUC) provides rebates of $200 for customers who purchase or lease an eligible new or pre-owned EV.
Yes, certain auto insurance providers in Florida offer discounts of up to 10% for fuel-efficient vehicles and green driving habits. Additionally, businesses can benefit from incentives such as the Commercial Electric Vehicle Charging Station Rebate and the Natural Gas Fuel Fleet Vehicle Rebate.
