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Arkansas Gaseous Fuels Rebate Program Reinstated
Monday, January 12, 2015 · 2:32 pm
LITTLE ROCK, Arkansas (January 12, 2015) – The Arkansas Energy Office (AEO), a division of the Arkansas Economic Development Commission, today announced it is reopening the Gaseous Fuels Rebate Program with a total of $1,315,000 in rebates.
The Gaseous Fuels Rebate Program has four objectives:
- To develop the refueling infrastructure for various alternative fuels
- Provide an incentive for the purchase of clean alternative fuel vehicles
- Provide an incentive for the conversion of vehicles to a clean alternative fuel using certified or approved conversion systems
- Reduce emissions from motor vehicles and improve air quality in our communities
Approximately $1.2 million in rebates will be administered for new refueling stations or the retrofitting of existing refueling stations in Arkansas that provide public access to clean burning motor fuels, including compressed natural gas (CNG), liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Up to three rebates will be offered to stations located in areas with a high population density that are accessible to the public.
The AEO also announced a total of $115,000 in rebates will be awarded through its Clean Fuel Vehicle Rebate Program, also part of the Gaseous Fuels Rebate Program. The Clean Fuel Vehicle Rebate Program applies to fleet operators as well as residents in Arkansas for the conversion to compressed natural gas (CNG)/propane or the purchase of a CNG/propane fleet. The rebate amount is dependent upon the cost of conversion or incremental cost of a clean fuel vehicle and allows for a rebate equivalent to the lesser of 50 percent of the conversion/incremental cost or $4,500 per vehicle. It is estimated that about 25 vehicles will be eligible for the rebates. The rebates are available on a first-come, first-served basis.
AEO administers the Arkansas Gaseous Fuels Rebate Program, as authorized by Arkansas Act 532 of 2013. The program supports the continued development of a publicly accessible, statewide network of alternative fuel filling stations and incentives for the purchase/conversion of fleet vehicles to clean-burning fuels.
For more information on the AEO’s CNG programs or for an application, visit www.arkansasenergy.org or call 1-800-558-4567.