Commercial and Industrial Properties and Multi Unit Dwellings Incentives
Commercial and industrial and multi-unit dwellings (MUD) customers not eligible for the small commercial business incentive can take advantage of a separate I&M PEV incentive program for Level 2 (240V) PEV charging for employees, fleet and MUD residents. Public Level 2 PEV chargers not tied to an Indiana-registered PEV are not eligible.
Under this program, I&M pays $250 per charging port if you can provide power to eligible Level 2 PEV chargers from behind their own electrical panels.
If a customer needs new electrical service from I&M for Level 2 PEV charging, I&M still can pay the customer $250 per charging port if I&M’s anticipated revenue from the charging meets I&M’s state approved criteria for adding new service without customer investment.
If I&M’s anticipated revenue does not meet our standard state approved criteria, we can extend the timeline to 5-years in lieu of the $250 per port payment to avoid customer investment.
There is no fee to sign up. I&M will provide more information and detailed steps on the process once you apply.
For I&M customers wanting to learn more, please email IMev@aep.com with your contact information.