Article: 50525
Overview
The Alternative Fuels and Electric Vehicle Recharging Property Credit is a nonrefundable personal income tax credit offered by New York State for taxpayers who install qualified equipment related to alternative fuels or electric vehicle (EV) recharging stations.
To claim this credit, you must complete Form IT-637 and submit it with your Form IT-201 (resident return) or Form IT-203 (nonresident/part-year return).
Who is Eligible?
You may be eligible if you:
- Installed qualified clean-fuel vehicle refueling property (e.g., natural gas, ethanol, hydrogen, or propane fueling equipment), or
- Installed qualified electric vehicle recharging equipment at your residence or business in New York State, and
- The property is placed in service during the tax year and complies with federal and state technical standards.
Note: This credit is available for both personal and business use, though limits and qualifications differ depending on the nature of the installation.
Credit Amount
- The credit is 50% of the cost of the qualified alternative fuel or EV recharging property.
- The maximum credit is:
- $5,000 per property for most individuals
- Subject to limitations if part of a larger business investment or leasing arrangement.
Note: The credit is nonrefundable but can be carried forward to future years if not fully used.
How to Report
- Navigate to the State Taxes section on the left-hand side of the screen.
- Click the link: I’d like to see the forms I’ve filled out or search for a form.
- In the dropdown menu, select New York.
- Click on the IT Credits 500 – 600 Series tab.
- Select IT-637 – Alt Fuel and Electric Vehicle Recharging Property Credit to open the screen.
- Enter all applicable information.
- Click Save once complete.
Additional Resources
For further guidance, see: