Silicon Valley, renowned for its innovation, is now driving a revolution in electric vehicles (EVs) through Silicon Valley Power’s (SVP) residential and commercial EV charging station rebates. For residents in the City of Santa Clara who are SVP customers, this program presents an opportunity to embrace an eco-friendly and cost-effective EV charging setup.
Residential EV Charging Station Rebates
This rebate is exclusively available to current Silicon Valley Power residential customers under a residential rate schedule. Landlords can apply if their tenant qualifies as an SVP residential customer. Charging stations must be installed at the customer’s service address and intended for use there throughout their useful life. Ensure you submit the rebate application within 60 days of the final building permit approval date or the purchase date if no permit is required.
Rebates can go up to $550 per charging station. If you have a charging station with multiple ports or plugs, it’s still eligible for a single rebate. These 240-volt stations, if not hardwired, must be Wi-Fi enabled. You can claim a maximum of two charging station rebates per residential account.
The rebate amount cannot exceed the purchase price of the charging station plus permit fees, excluding taxes, shipping costs, or additional incentives from other sources. Rebates are valid for purchases made in United States currency, with checks mailed within 4 to 6 weeks after submitting a complete application.
Commercial and Multifamily Properties EV Charging Station Incentives
SVP’s EV Charging Station Incentive program extends its green innovation to businesses and multifamily properties, offering four funding lanes to cater to various projects. The program includes Equity+ eligibility for properties meeting specific requirements, such as affordable housing facilities and small businesses.
For multifamily residential locations, all housing units with four or more units qualify, and installations must be in open parking areas or garages. For non-residential locations, including employee/workplace parking, publicly accessible areas, and various commercial settings, incentives are available.
The incentive amounts under Silicon Valley Power’s EV Charging Station program are structured to maximize support for various property types, categories, and funding lanes. For Multifamily Properties, the incentive cap is determined by the project’s equipment type, outlet/port quantity, and funding lane. For existing Multifamily Buildings, the standard funding lane offers up to $7,500 for Level 2 outlets, with higher incentives for projects involving 8 or more ports.
The Equity+ lane, catering to affordable housing and properties meeting equity eligibility criteria, provides even more substantial support, allowing up to $8,000 per port with a higher incentive cap. Similar structures apply to Commercial Properties, where standard and equity+ lanes offer escalating incentives based on equipment type, outlet/port quantity, and funding lane. The Incentive Amounts reflect a thoughtful approach to encouraging EV infrastructure development, ensuring that the support aligns with the unique characteristics of each property type and project.
Follow the Application Instructions and Checklist, fill out the online application form, and upload required documents. SVP will review the application, provide a Notice of Conditional Award to reserve rebate funds, and after project completion, rebate checks are typically mailed within 4 to 6 weeks.
Installations may be eligible for additional funding programs. When combining incentives, Silicon Valley Power incentives may be reduced to ensure they do not exceed applicable caps. The maximum incentive award varies by property type, category, funding lane, and equipment type. Check the detailed incentive table for specific figures.
In conclusion, Silicon Valley Power’s EV Charging Station Rebates are not just an opportunity to electrify your property but a chance to be part of a sustainable and innovative future in the heart of technology. Whether you’re a resident or a business owner, this program offers the spark needed to contribute to the green evolution in Silicon Valley.
