Arkansas Energy Office Announces NGV Project Incentives
The Arkansas Energy Office (AEO), a division of the Arkansas Economic Development Commission, has announced that $150,000 in rebates will be awarded through its Clean Fuel Vehicle Rebate Program, part of the Gaseous Fuels Rebate Program. The Clean Fuel Vehicle Rebate Program applies to fleet operators for the conversion or purchase of a CNG or propane fleet. The rebate amount is dependent upon the cost of conversion or the incremental cost and allows for a rebate equivalent to the lesser of 50 percent of the conversion/incremental cost or $4,500 per vehicle. Funds for the program were provided by General Improvement Funds and the Northwest Arkansas Development Council.
There is no application deadline, but the rebates are available only on a first-come, first- served basis.
In addition, a total of $600,000 in funds will be issued to two fueling station operators through the Gaseous Fuels Rebate Program to install CNG equipment to provide public access to clean burning motor fuels. Kum & Go in Springdale received a $400,000 rebate and Arkansas Oklahoma Gas station in Fort Smith received $200,000. The rebates allowed under the program are for the lesser of $400,000 or 75 percent of refueling station construction/retrofit costs. For more information and to apply, visit the AEO website at http://www.arkansasenergy.org/.