May 1, 2017 Changes to the Propane Vehicle Incentive Program Go Into Effect
Currently, the Propane Council of Texas ( ProCOT) Propane Vehicle Incentive Program awards up to $7,500 per eligible propane vehicle converted or purchased for customer fleets registered and operated in Texas. Eligible customer fleets include private, non-profits, and public white fleet (e.g. local government, police, etc). A fleet is defined as a entity that operates 3 or more vehicles. There is a $30,000 cap per qualifying fleet.
Earlier this month, ProCOT received $90,000 in propane vehicle incentive applications in 48 hours; which was 70% of funding available for vehicles for 2017.
Last week, the ProCOT Board voted to allocate more money to the program; however as of May 1, 2017, the incentive will be reduced from $7,500 per vehicle to up to $5,000 per qualifying vehicle. The reduced incentive will help stretch dollars further and allow even more vehicles to make the switch to cleaner-burning propane autogas.
Completed applications received before May 1, 2017 may be eligible for the $7,500 incentive per vehicle with the $30,000 lifetime cap.
Incentives are available first come, first serve while funds are available. Pre-qualification is highly encouraged.