The Clean Energy Coalition (CEC) has announced that it is offering up to $5,000 to install or upgrade an existing pump to dispense E85 in the state of Michigan. This is one of many of the incentives offered in the state.
“The Clean Energy Coalition is dedicated to increasing the number of E85 pumps in Michigan,” said Sean Reed, CEC executive director. “Through a grant from the Michigan Department of Energy, Labor & Economic Growth (DeLEG), we are providing infrastructure incentives for E85.”
In addition to the CEC grant, gas station owners can also apply for federal and state tax credits that significantly reduce the installation and qualified equipment costs. “Stations may be eligible for up to an additional $50,000 to be applied towards installation costs from other state and federal incentives,” said Reed. The federal government is offering a 50 percent tax credit of up to $50,000 and the Michigan Department of Treasury is offering a 30 percent tax credit up to $20,000.
The DeLEG Energy Office is also offering a $1,500 incentive to assist with the cost of designing and installing a highway exit sign that promotes the E85 pump, as well as paying the first year’s annual fee.
In total, the CEC was awarded $145,000 from the DeLEG and $20,000 from the Corn Marketing Program of Michigan (CMPM) to offer station owners the opportunity to sell E85. “I’m excited to work with the CEC to help bolster Michigan’s ethanol industry and increase the number of E85 pumps available to consumers,” said Pollok-Newsom. “Ethanol reduces our country’s need for foreign oil, supports our rural communities, and helps reduce harmful greenhouse gases.”
For more information or to apply for a grant from the CEC, visit www.cec.mi.org.