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Department of Taxation and Finance

Alternative fuels and electric vehicle recharging property credit (for tax years beginning on or after January 1, 2013)

Who is eligible? 

You or your business is entitled to this nonrefundable credit for investments in new alternative fuels vehicle refueling property or electric vehicle recharging property for tax years beginning on or after January 1, 2013.

How much is the credit?

The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of property less any cost paid from the proceeds of grants that:

  • is located in New York State;
  • is used 50% or more during the tax year in a trade or business carried on in New York State;
  • constitutes alternative fuels vehicle refueling property or electric vehicle refueling property; and
  • has not been paid for from the proceeds of grants awarded before January 1, 2015, including grants from the New York State Energy Research and Development Authority or the New York Power Authority.

Additional information 

Form CT-637, Alternative Fuels and Electric Vehicle Recharging Property Credit, and its instructions, Form CT-637-I (for corporations), or

Form IT-637, Alternative Fuels and Electric Vehicle Recharging Property Credit, and its instructions, Form IT-637-I (for all others).

Note: If you claimed an alternative fuels tax credit in any tax year that began before January 1, 2011, use Form CT-40, Alternative Fuels and Electric Vehicle Recharging Property Credit or Form IT-253, Claim for Alternative Fuels Credit, to claim a credit carryover or to calculate any recapture of the alternative fuels credit that was allowed in those years.

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