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Socorro EV Chargers by Socorro Electric Coop – NM

March 24, 2024

Level 2 Chargers – Non-Managed

  • These are basic level 2 chargers that are not networked or able to be remotely managed
  • Rebate is the lesser of $250 per charger or 50% of the total project cost
  • This is a prescriptive rebate program, meaning the rebate amounts are pre-determined

Commercial Level 2 Chargers – Networked

  • These are level 2 chargers that have networking capabilities to be remotely monitored and managed
  • Must be accessible to the general public, not just for private use
  • Rebate is the lesser of $1,000 per charger or 50% of total project cost
  • Another prescriptive rebate program

Socorro EV Chargers by Socorro Electric Coop - NM

Commercial DCFC Chargers

  • There are separate rebate tiers for different power levels of DC fast chargers
  • 50-75 kW: Lesser of $3,000 per charger or 50% of project cost
  • 76-149 kW: Lesser of $5,000 per charger or 50% of project cost
  • 150 kW and above: Lesser of $7,000 per charger or 50% of project cost
  • All commercial DCFC chargers must be accessible to the general public
  • Prescriptive rebates again based on pre-set amounts per charger

Level 2 Chargers – Non-Networked, Managed

  • For level 2 chargers that are not networked but can still be remotely managed
  • Rebate is prescriptive based on details not provided

Some key additional points:

  • Rebates are capped at 50% of total project costs for all charger types
  • Requirements around public accessibility for commercial/public chargers
  • Specific rebate amounts tied to charging level (level 2 vs DCFC) and power output
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