For Immediate Release
PHILADELPHIA (April 1, 2022) – Today, PECO announced the launch of the company's new Level 2 (L2) Commercial Electric Vehicle (EV) Charging Pilot rebate program. The program is part of $1.5 million in EV charging infrastructure incentives to support commercial, industrial, and public transit customers interested in clean transportation options.
The new rebate will support commercial and industrial customers with incentives to offset the cost of installing EV charging infrastructure at locations including workplaces, retail businesses, public charging areas, and multi-unit dwellings. Projects located within PECO's service territory are eligible to receive up to $2,000 per charging port or 50 percent of eligible make-ready costs, up to a maximum of 20 ports. Make-ready costs include work necessary to ensure a safe electrical connection from the PECO meter to the EV charging infrastructure (not including the cost of charging equipment).
The rebate is increased up to $3,000 per port or 75 percent of make-ready costs for projects located within Environmental Justice Areas, as defined by the Pennsylvania Department of Environmental Protection (DEP). All commercial and industrial customers are eligible, regardless of their retail electricity supplier.
"Supporting clean electric transportation is critical to reducing our carbon footprint and bringing cleaner air to our communities, and it is an important part of our company's Path to Clean," said Liz Murphy, PECO Senior Vice President of Governmental, Regulatory & External Affairs. "We are proud to offer this new rebate program to support the equitable buildout of EV charging infrastructure across southeastern Pennsylvania."
Supporting customers in their efforts to embrace clean energy and reduce their environmental footprint is a key element of PECO's Path to Clean, which includes a goal for PECO and the collective Exelon utilities to reduce operations-driven emissions by 50 percent by 2030 and achieve net-zero emissions by 2050.
This new rebate is the latest in a suite of programs available to encourage transportation electrification, including rebates for EV owners and PECO's online EV Toolkit, which provides information on charging options and locations, as well as a tool to calculate potential savings and emissions reductions.
More information about the new L2 Commercial EV Charging Pilot, as well as PECO's other programs and our EV Toolkit is available at www.peco.com/ev/.
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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas utility. Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 540,000 natural gas customers in southeastern Pennsylvania. The company's 2,900 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship, and community assistance. PECO is a subsidiary of Exelon Corporation (Nasdaq: EXC), the largest fully regulated utility company in the nation with more than 10 million customers. For more information visit PECO.com and connect with the company on Facebook and Twitter.
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