There are some tax advantages, but we would need more information from you.
What type of vehicle is this? Is this a commercial truck?
Who made the conversion kit?
Many of the tax benefits expired in 2010, but there are a few remaining federal credits depending on whether the conversion is certified by the government or not. If this is a home-conversion, then there is no federal credit available.
No, it would be for personal use. However, I have a farm non-tax number and I could get a farm tag and declare my truck for farm usuage if necessary. I currently own a 2006 Toyota Tacoma truck and may have the CNG conversion put on it. I am currently looking at purchasing a 2012 Ram 1500 Laramie Longhorn truck and would like to put the CNG conversion on that truck when purchased later this year. The conversion kit is through Energy and Water Solutions in Utah.
For Oklahoma, you would need to have a vehicle that was not previously driven to qualify a conversion in order to qualify for a credit.
The company you mentioned is not on the approved federal government list.
Oklahoma has a credit up to $1500
So if I purchase a new truck and then have the conversion put on I would qualify? However, it would have to be an EPA certified conversion? Oklahoma Energy Management Systems out of Okarche, Oklahoma does these conversions, would they qualify and how much for federal?
This would not qualify for a federal credit at this time. For Oklahoma, you get a credit of 10% of the incremental cost for the alternate fuel system, not to exceed $1500 in credits
Companies that meet the federal guidelines include Cummins, Freightliner, Thomas Buses, Daimler, Roush, and about a dozen smaller companies
Thank you sir, I believe that you answered all of my concerns. Is there anything pending, as far as possible tax credits for CNG in the near future?
CNG is not where the government is hedging their alternative energy bets. So I doubt anything will chnage in the near future.
They are pushing electric above all others.
Thank you again for your help and have a great day! :)
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