Tax credits and incentives:
More reasons to consider switching to CNG.
More reasons to consider switching to CNG.
The Federal Government recognizes compressed natural gas (CNG) as an alternative fuel, and offers tax credits and incentives of up to $.50 per gallon. There are some qualifications to meet, but the credit is generous and has helped convince a lot of companies to convert some or all of their fleet to CNG. Regulations and incentives vary from state to state, so we provide the following links to make converting to CNG easier and more profitable:
NGV Today – Your source for natural gas vehicle markets, technology and policy
For fleets: Economics and Environmental Benefits
The U.S. Department of Energy (DOE) also provides loan guarantees to eligible projects that reduce air pollution and greenhouse gases, and support early commercial use of advanced technologies, including biofuels and alternative fuel vehicles.