PERC promotes propane autogas, alternative fuel tax credit

May 19, 2020 By    

The Propane Education & Research Council (PERC) released a new online video that gives fleet owners an in-depth look at what happens during the installation of a permanent, on-site propane autogas refueling station.

The video walks through each step of the process, which includes the installation of a concrete foundation, one or more large capacity fuel tanks, a pump, one or more dispensers with meters, and crash protection.

While the video demonstrates one example of a large installation, propane autogas refueling infrastructure is customizable and scalable to meet the demands of any fleet size, says PERC.

Local propane suppliers can help fleets select the right option for their business.

Alternative fuel tax credit extended retroactively

Tax credits are available for propane autogas vehicles for 2018-20.

Congress passed the alternative fuel tax credit in December 2019 as part of the Further Consolidated Appropriations Act, 2020.

Propane autogas fleet operators who apply for the tax credit will be able to claim a credit for every gasoline gallon equivalent of propane purchased, or about 37 cents per gallon.

“The extension of the alternative fuel tax credit is a win for fleet managers, allowing them to further take advantage of the financial benefits of propane autogas in addition to the environmental benefits it provides fleets,” says Steve Whaley, director of autogas business development at PERC. “Even without the alternative fuel tax credit, propane autogas already offers the lowest total cost-of-ownership of any vehicle fuel, so the tax credit is icing on the cake for propane autogas fleet managers.”

The bill extends the credits through Dec. 31, 2020.

Fleet owners can also apply for credits retroactively for any fuel purchases made in 2018 and 2019. Companies have until July 15 to file.

Featured image: LP Gas staff

About the Author:

Carly Bemer (McFadden) was the managing editor at LP Gas magazine.

Comments are currently closed.