INCENTIVES

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SMITH CUSTOMER FEDERAL INCENTIVES

Alternative Fuel Infrastructure Tax Credit

• What:
  Qualified alternative fuels are natural gas, liquified petroleum gas, hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel.
• How Much:
  The credit amount is up to 30% of the cost, not to exceed $30,000, for equipment placed into service in 2011.  Equipment placed into service in 2009 and 2010 may receive a credit in the amount of 50% of eligible cost (not to exceed $50,000).
• Expiration:
  The credit expires December 31, 2011.

Qualified Plug-In electric Drive Motor Vehicle Tax Credit

• What:
  A tax credit is available for the purchase of a new qualified plug-in electric drive motor vehicle that draws propulsion using a traction battery that has at least four kilowatt hours of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, and meets specified emission standards.
• How Much:
  The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle’s traction battery capacity and the gross vehicle weight rating.
• Expiration:
  This tax applies to vehicles acquired after December 31, 2009.  Through December 31, 2011, qualified plug-in electric vehicle conversions are also eligible for a tax credit for 10% of the conversion cost, not to exceed $4,000.

SMITH CUSTOMER FEDERAL GRANT PROGRAMS

EPA- Diesel Emissions Reduction Act (DERA) Grant

• What:
  Administered by the EPA – awarded on a regional basis, DERA funds are available yearly on a competitive grant basis.
• How Much:
  EPA will fund the incremental cost of a replacement vehicle up to 25% of the total cost of the vehicle.

Clean Cities

• What:
  Various grant opportunities nationally.  Available through each Clean Cities Coordinator.
• How Much:
  Up to 50% total cost of the vehicle.  May vary with funding opportunities.

Congestion, Mitigation and Air Quality Funds – CMAQ Program

• What:
  Federal money dispursed to states.  States administer to localities based on air quality.
• How Much:
  Varies.  See State-by-State Programs.