Alternative Fueled Vehicle Incremental Cost Credit

December 09, 2002


Connecticut offers a corporate business tax credit in the amount of 10% of the incremental cost of alternative fuel vehicle. For example, a vehicle normally priced at $15,000 that costs $20,000 due to added alternative fuel features, would be eligible for a credit of $500 ($5,000 x 10%). This credit is allowable for vehicles powered exclusively by natural gas, propane, or electricity. There is no limit to the total amount of the credit, which if greater than the total amount of taxes due in one year, may be carried forward for up to three years.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Connecticut
Incentive Type: Corporate Tax Credit
Web Site:
Administrator: Connecticut Clean Energy Fund
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
Incentive Amount: 10%
Maximum Incentive: None


Name: C.G.S. 12-217i; Public Act 95-15(a)
Date Enacted: 1/1/94
Expiration Date: 1/1/2002


Name: Project Manager, Fuel Cell RFP
Organization: Connecticut Clean Energy Fund
Address: 200 Corporate Place, 3rd Floor
Rocky Hill CT 06067
Phone: (860) 563-0015
Name: Department of Revenue Services
Address: 25 Sigourney Street, Suite 2
Hartford CT 06106-5032
Phone: (860) 297-5962

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.