Electric Vehicle Incentives & Grant Programs

ComEd will help guide commercial customers with a simple and cost-effective path to fleet electrification—including rebates starting at $5,000 for purchasing EVs.

Start your journey to electrification.

Business and public sector customers can also receive rebates on make-ready infrastructure, whether located on the customer side or ComEd side of the meter for Level 2 (“L2”) and Direct Current Fast Chargers (“DCFC” or Level 3). EV chargers, also known as Electric Vehicle Supply Equipment (EVSE), and mounting equipment/pedestals are not eligible for program rebates.

Make-Ready** Rebate Program Payment Limits

Make-Ready Rebates for infrastructure serving Level 2 (L2) Charger
• Base Rebate: Make-ready rebate of up to $5,333 per port with a 10-port maximum per project
• LI/EIEC* Rebate: Make-ready rebate of up to $8,000 per port with a 10-port maximum per project

Make-Ready Rebates for infrastructure serving Direct Current Fast Chargers (DCFCs or Level 3 chargers)
• Base Rebate: Make-ready rebate of up to $667 per kW with a minimum of 50 kW (maximum rebate of $500,000)
• LI/EIEC* Rebate: Make-ready rebate of up to $1,000 per kW, with a minimum of 50 kW (maximum rebate of $500,000)
• Customers with incomplete projects may apply for a six-month rebate reservation to reserve rebate funding.

*LI/EIEC Rebate Qualifications are defined below:
1. A Customer who domiciles in a low-income community and/or primarily serves in a low-income community. Domicile includes the location vehicles are permanently assigned, most frequently used, or dispatched from.
2. A Customer who domiciles in an Equity Investment Eligible Community (“EIEC”), and/or predominantly services in an EIEC.
3. A Customer who demonstrates through attestation that over 50% of the driving done by the vehicle at issue is in a low-income community or EIECs.
4. Chicago Transit Authority when seeking rebates for transit buses.

A Customer must only satisfy one of the above requirements to be considered eligible for the LI/EIEC rebate through the program. Restrictions apply; refer to full program details and set of program requirements in the Program’s Terms & Conditions linked in the “Learn More" button below. You may also qualify for other state and federal tax incentives.

**Make-ready infrastructure includes costs required to make the site ready for EV charging on both sides of the ComEd meter. Examples of eligible costs include, but are not limited to, permits, electric panel upgrades, conduit, wiring, site work, trenching and repair, required protective equipment, and associated labor. EV chargers, also known as Electric Vehicle Supply Equipment (EVSE), and mounting equipment/pedestals are not eligible for program rebates.

The Inflation Reduction Act invests $1 billion to replace existing non-zero-emission heavy-duty vehicles with zero-emission vehicles, support zero-emission vehicle infrastructure, and to train and develop workers. The EPA will offer funding to eligible recipients to replace existing non-zero-emission Class 6 and 7 heavy-duty vehicles with eligible Class 6 and 7 zero-emission vehicles.

The Diesel Emissions Reduction Act (DERA) Program funds grants and rebates that protect human health and improve air quality by reducing harmful emissions from diesel engines. The program solicits applications for projects that achieve significant reductions in diesel emissions and exposure, particularly from fleets operating in areas designated by the Administrator as poor air quality areas.

EPA: Clean School Bus Program

The EPA’s Clean School Bus Program provides $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. This program is supported with funding from the Bipartisan Infrastructure Law,

Businesses and tax-exempt organizations that buy a qualified commercial clean vehicle may qualify for a clean vehicle tax credit of up to $40,000 under Internal Revenue Code (IRC) 45W. The credit equals the lesser of:

• 15% of your basis in the vehicle (30% if the vehicle is not powered by gas or diesel)
• The incremental cost of the vehicle

Qualified vehicles with gross vehicle weight ratings (GVWRs) of under 14,000 pounds have a maximum credit of $7,500.

Plug-in electric vehicles must draw significant propulsion from an electric motor with a battery capacity of at least:

• 7 kilowatt hours if the gross vehicle weight rating (GVWR) is under 14,000 pounds
• 15 kilowatt hours if the GVWR is 14,000 pounds or more

Beginning July 1, 2022, the Illinois Environmental Protection Agency (IEPA) will offer rebates to public and private entities for the installation and maintenance of Level 2 and direct current fast charging (DCFC) stations. Rebate awards may cover up to 80% of the eligible project costs. Additional rebates are available for EV charging stations deployed in underserved and environmental justice communities.

The most recent rebate cycle was open between November 1, 2023 and January 31, 2024. Pleased check the program website at the link below for additional details. The Illinois EPA plans to open the next rebate application cycle in mid-January 2025.

Businesses are eligible to receive a Federal Tax Credit for alternative fueling infrastructure including EV charging stations. Tax credits for qualified alternative fueling infrastructure are up to 30% of the cost to purchase and install the infrastructure. Fueling station owners who install qualified equipment at multiple sites are allowed to use the credit towards each location. Consult with your tax professional to see how these credits apply to your business.

The Airport Zero Emissions Vehicle (ZEV) and Infrastructure Pilot Program improves airport air quality and facilitates use of zero emissions technologies at airports. Created in 2012, the program allows airport sponsors to use Airport Improvement Program (AIP) funds to purchase ZEVs and to construct or modify infrastructure needed to use ZEVs.

Grant funding must be used for airport-owned, on-road vehicles used exclusively for airport purposes. Vehicles and infrastructure must meet the Federal Aviation Administration's Airport Improvement Program requirements, including Buy American requirements.

FTA provides grants to local public transit systems, including buses, subways, light rail, commuter rail, trolleys and ferries. Since 1964, FTA has partnered with state and local governments to create and enhance public transportation systems, investing more than $13 billion annually to support and expand public transit services. FTA provides annual formula grants to transit agencies nationwide as well as discretionary funding in competitive processes.

The Bipartisan Infrastructure Law, as enacted in the Infrastructure Investment and Jobs Act, was signed into law by President Biden in November 2021 and is the largest federal investment in public transportation in the nation’s history. The legislation reauthorizes surface transportation programs for FY 2022-2026 and provides advance appropriations for certain programs. The Bipartisan Infrastructure Law authorizes up to $108 billion to support federal public transportation programs, including $91 billion in guaranteed funding.

Beginning on January 1, 2020, the registration fee for Electric vehicles shall be equal to the fee set forth in Section 3-806 for motor vehicles of the first division, other than Autocycles, Motorcycles, Motor Driven Cycles, and Pedacycles. In addition to the registration fees, the Secretary shall assess an additional $100 per year in lieu of the payment of motor fuel taxes. $1 of the additional fees shall be deposited into the Secretary of State Special Services Fund and the remainder of the additional fees shall be deposited into the Road Fund. (Source: P.A. 101-32, eff. 6-28-19.)

Illinois' Electric Vehicle Rebate Program began July 1, 2022. Illinois residents that purchase a new or used all-electric vehicle from an Illinois licensed dealer will be eligible for a rebate in the amounts set forth below. Purchasers must apply for the rebate during an open rebate cycle and within 90-days of vehicle purchase. EV rebates issued for applications received in a funding cycle are subject to the availability of funds for each cycle.

This program opens and closes as "funding cycles" are available from the EPA. Pleased check the program website at the link below for additional details.