The New York School Bus Incentive Program alleviates your transition to electric with a potential windfall of $245,000 in savings, provided you meet all the criteria!
Here’s the breakdown:
Receive up to 60% of the cost difference between an electric and a diesel bus, with incentives of up to $147,000 per LionC electric school bus.
Score an additional $61,250 when you retire an older diesel bus.
Enjoy a bonus of $36,750 if your school district is in a prioritized district.
There’s more! In addition, even more incentives are available when you opt for buses with Vehicle-to-Grid technology or wheelchair accessibility.
Pro-Tip: For the first time in New York, the NYSBIP also offers funding for charging infrastructure.