Direct Current Fast Charging Per Plug Incentive
The DCFC Incentive Program is intended to address cost barriers, and encourage DCFC deployment, by effectively lowering operating costs through demand charge relief in the near-to medium-term while station utilization increases to levels where such support can be lowered or eliminated. If you are a Multifamily Dwelling Owner or Tenant, click here to find out what programs and rates your DCFC project qualifies for.
How to Get Started
Each plug that meets the requirements of the program is eligible for an annual incentive payment.
The full incentive is available for plugs rated with power capacity of 50kW and higher and is designed to cover 75 percent of demand charge. Payments are made annually from the date equipment is placed in service, from the initial program year through the end of the program, December 18th 2026.
What’s Required
- Available to new and existing DCFC plugs
- DCFC plugs must be standard
- DCFC EVSE must be connected to an AMI (smart meter) with no other equipment connected
- Participants must take service under a demand-based tariff
- Participants must guarantee public accessibility and operational functionality in a manner consistent with the definitions for publicly accessible plug and operational requirement
- The number of plugs eligible for the incentive will be defined as those plugs capable of simultaneously charging at 50 kW or greater
- DCFC stations with more than ten plugs and/or demand in excess of 2MW will be allowed to participate in the DCFC Incentive Program. If development of the site causes RECO to incur new business costs greater than the cost that would be incurred to develop a site with a maximum demand of 2MW, the incentive will be lowered and capped at the 2MW new business cost.Plugs must comply with Federal Americans with Disabilities Act guidelines, and must be listed on the U.S. Department of Energy Alternative Fueling Station Locator
- To receive DCFC incentives, customers must agree to permit the Company to share their AMI data, related to the meter associated with their DCFC, with the New Jersey Board of Public Utilities on a confidential basis, as part of program reporting
|
Incentives |
Program |
Program Incentive |
Incentive Cap |
DCFC Plug Cap |
|---|---|---|---|---|
|
Incentives |
Program Direct Current Fast Charging (DCFC) Incentive Subprogram |
Program Incentive • Annual per-plug incentive of 75 percent of demand charge. • Maximum dollar incentive of $5,400 each year in years 1 and 2 • Maximum dollar incentive of $3,600 each year in years 3 and 4 |
Incentive Cap maximum 10 rebates per service address |
DCFC Plug Cap 31 |
|
Program Year |
2023 |
2024 |
2025 |
2026 |
|---|---|---|---|---|
|
Program Year 50 kW and higher |
2023 $5,400 |
2024 $5,400 |
2025 $3,600 |
2026 $3,600 |
How to Apply
After reviewing the Direct Current Fast Charging Per Plug Incentive Program manual, please email us to learn how to participate.