$400 million in Massachusetts EV Charging Incentives Explained
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Massachusetts just approved nearly $400 million for EV charging projects!
Don’t want to read the 273 page public order to find out how to get your piece? You’re in luck – we did it for you. Here’s what you need to know.
How much funding is available? 💰
At $400 million, Massachusetts' utility incentive programs are instantly one of the richest in the United States. Incentive amounts differ by customer type and location, but can broadly be summarized as follows:
Eversource MA (NSTAR) Electric Phase II EV Program
4 year budget of $188 million including $109.1 million for the public and workplace segment, and $52.7 million for the residential segment.
National Grid MA Phase III EV Program
4 year budget of $206 million including $94.7 million for the public and workplace segment, $64.1 million for the residential segment, and $30 million for EV fleet charging.
Unitil MA EV Program
5 year budget of $998,000 consisting of $538,000 for the public segment and $300,000 for the residential segment.
Who is eligible for funding? 🤔
Incentive funding is available to all property types, including workplaces, apartments, fleets, hotels, and municipalities.
The utilities largely separate funding into the following three customer types:
Publicly Available, Commercial, & Workplace
Residential (including multi-unit dwellings)
Fleet
The utilities will cover up to 100% of the make-ready costs for Level 2 and DCFC chargers. Make-ready means the cost of electrical infrastructure and installation. There are additional incentives for those installing their chargers in an environmental justice (EJ) community, including up to $400,000 for a public DCFC charge station site.
A breakdown of specific funding amounts by customer type can be found in our blog post.
How do I get started? 📝
The utility programs are very close to free money. With this money, EV charging projects can deliver excellent returns, potentially increasing the cash flows (thus value) of the properties where installed. This comes from either generating revenue directly from EV charging (which AmpUp software enables) or from the amenity of charging reducing vacancies, increasing rents, or both.
In past years, Massachusetts-based AmpUp customers took advantage of similar funding which led to significant EV station adoption such as the New Balance World Headquarters, Yankee Candle, Hilton Garden Inn, Wheaton College, and several municipalities.
If you want an expert’s help, we can provide it or you can find a local, qualified EV installer to help you out.
Looking for additional information? Click the below link to read our in-depth blog post explaining the utility incentives in Massachusetts further.
Note: AmpUp is waiting for additional information from the utilities on specific program, application, and process changes. We expect to have more information in the coming weeks.
Sources: D.P.U. 21-90, D.P.U. 21-91, D.P.U. 21-92 (https://fileservice.eea.comacloud.net/FileService.Api/file/FileRoom/16827695)