Maximizing EV Incentives in Colorado with PowerFlex

Colorado is leading the charge toward a cleaner, more sustainable future by expanding its electric vehicle (EV) infrastructure. The state has introduced several robust incentive programs designed to help businesses install EV chargers at reduced costs, making EV adoption more accessible while reducing reliance on fossil fuels.

With recent developments like the Xcel Energy Commercial EV Rebate Program, businesses have more opportunities to offset EV charging installation costs than ever. At PowerFlex, we help businesses navigate these evolving incentives, ensuring that they maximize available funding while implementing efficient, future-proof EV solutions.

Key EV Incentive Programs in Colorado

Colorado offers a variety of funding opportunities to help businesses deploy EV charging stations. Here’s what you need to know:

Xcel Energy Commercial EV Rebate Program

Xcel Energy recently launched a powerful rebate program to help businesses, multifamily properties, and public sites install EV chargers at a fraction of the cost.

• Funding Details:
  
  • Up to $5,835 per Level 2 charger ($11,670 in Disproportionately Impacted Communities, or DICs)
  • Up to $18,250 per DC fast charger ($36,500 in DICs)
  • Public DCFC rebates range from $45,000 to $90,000 per port, depending on power output
• Eligibility:
  
  • Available to commercial properties, multifamily buildings, nonprofits, and public sites
  • Enhanced funding for projects in DICs and rural communities
• Key Considerations:
  
  • Projects must receive pre-approval before purchasing or installing chargers
  • The current funding cycle closes on 2/16/2025, with another expected in Spring 2025
• How PowerFlex Helps:
  
  • We handle the pre-approval and application process, ensuring full compliance
  • Our specialists design projects to maximize rebate stacking and optimize savings

Charge Ahead Colorado EV Program

‍Charge Ahead Colorado offers one of the state’s most comprehensive EV incentive programs. It is available to both public and private sector applicants.

• Funding Details:
  
  • Covers up to 80% of eligible project costs.
  • Maximum $250,000 per project.
  • Additional funding available for projects in income-qualified housing areas or Disproportionately Impacted Communities.
• Eligibility:
  
  • Open to workplaces, multi-unit dwellings, tourist destinations, and public sites.
  • Applicants must ensure minimum accessibility standards for DCFC chargers.
• Key Considerations:
  
  • Separate application timelines for smaller (6 or fewer L2 chargers) vs. larger projects.
  • Funding can be combined with utility rebates for greater cost savings.
• How PowerFlex Helps:
  
  • We assess site eligibility and match businesses with the most lucrative funding sources.
  • Our experts ensure your project aligns with Charge Ahead’s technical and accessibility requirements.

Colorado Fleet ZERO EV Program

‍Colorado’s Fleet ZERO program is designed to help businesses electrify their fleets by covering costs associated with charging stations, permitting, and utility upgrades.

• Funding Details:
  
  • Covers up to 80% of total project costs.
  • Maximum $500,000 per applicant per round for DC fast charging installations.
• Eligibility:
  
  • Open to business fleets, public transit agencies, school districts, and tribal entities.
  • Additional incentives for low-income and disadvantaged community locations.
• Key Considerations:
  
  • Operates on a rolling application basis, with periodic funding rounds.
  • Funding can be combined with on-site solar and storage solutions for greater sustainability.
• How PowerFlex Helps:
  
  • We help fleets secure funding across multiple programs to maximize savings.
  • Our team integrates solar, battery storage, and EV charging for a holistic clean energy solution.

Why Choose PowerFlex?

‍Navigating EV incentives can be challenging, but PowerFlex simplifies the process by offering comprehensive, turnkey solutions that help businesses optimize their clean energy investments.

‍1. Expert Incentive Navigation

• Our specialists manage the entire application process, ensuring eligibility and maximizing funding
• We provide a customized incentive roadmap, allowing businesses to stack multiple rebates and reduce out-of-pocket costs

2. Integrated Clean Energy Solutions

• PowerFlex offers more than just EV charging:
  
  • Solar energy systems to reduce electricity costs
  • Battery storage solutions to enhance grid resilience
  • Microgrids for complete energy independence
• Our PowerFlex X™ platform provides real-time energy optimization, reducing costs and increasing efficiency

3. Proven Success in Colorado

• PowerFlex has experience delivering EV and clean energy projects across Colorado, including in Disproportionately Impacted Communities
• We specialize in designing scalable solutions that evolve with your business’s future needs

How to Maximize Your EV Incentive Success in Colorado

‍PowerFlex partners with businesses at every stage of the EV infrastructure process. Here’s how we help businesses secure the most funding and streamline installations:

1. Site Assessment & Planning:
   
   • Evaluate project feasibility and determine eligibility for multiple incentive programs.
2. Custom Project Design:
   
   • Ensure compliance with funding requirements while optimizing infrastructure scalability.
3. Strategic Application Submission:
   
   • Submit applications early to secure funding before programs reach capacity.
4. Post-Installation Compliance:
   
   • Utilize PowerFlex X™ to automate reporting and maintain compliance for future funding opportunities.

The Business Case for EV Charging in Colorado

‍Colorado businesses are witnessing increased demand for EV charging infrastructure, driven by state policies, corporate sustainability goals, and customer expectations. Installing EV chargers provides:

• Competitive Advantage:
  
  • Sustainability-conscious consumers prefer businesses with EV charging options.
• Significant Cost Savings:
  
  • Incentives cover a substantial portion of installation expenses, improving long-term ROI.
• Energy Independence & Resilience:
  
  • Pairing chargers with solar and battery storage enhances grid stability and reduces costs.
• Compliance with State Sustainability Mandates:
  
  • Businesses contribute to Colorado’s emissions reduction goals while future-proofing operations.

Get Started with PowerFlex Today

‍Colorado’s EV incentives are in high demand, with funding cycles closing quickly. Acting now ensures your business secures available funding before allocations are exhausted.

• Stay Updated: Visit our Policy Hub for the latest funding announcements.
• Plan Smart: Work with PowerFlex to develop a customized EV charging strategy.
• Take Action: Contact PowerFlex today to discuss your eligibility and funding opportunities.

Colorado is accelerating toward an electric future—PowerFlex is here to help your business lead the charge.