The Oklahoma Corporation Commission, the public utilities commission of the state of Oklahoma, has announced three new rebates for compressed natural gas vehicles and home-fueling appliances, to be funded by Oklahoma Natural Gas (ONG) through a 25-cent-per-gallon surcharge for customers at its public CNG filling stations, reports NewsOK. The surcharge is expected to raise approximately USD 300,000 per annum.
The plan will reportedly provide:
- $2,500 for a dedicated CNG vehicle;
- $1,500 for a dual-fuel vehicle conversion; and
- $2,500 toward the cost of a CNG home-filling station.
Rebates are available to state residents on a first-come, first-served basis, and are limited to three per customer each calendar year.
“While CNG is a great buy at the pump at less than half the price of gasoline, the higher initial price of buying a CNG vehicle or converting an existing vehicle can be an issue,” Commissioner Patrice Douglas said. “This program will allow many more Oklahomans to consider a CNG vehicle, giving consumers more options at the pump.”
The rebate scheme is in addition to incentives already available in Oklahoma. Current incentives include 50 percent tax credits for conversions, new vehicles and home-fueling stations; and a 75 percent tax credit for commercial CNG stations and infrastructure.