WARRENVILLE, Ill. — The Internal Revenue Service (IRS) recently added 10 IC Bus hybrid units to a list of vehicles that qualify for the Alternative Fuel Motor Vehicle Credit enacted by the Energy Policy Act of 2005.
Through the program, customers who purchase certain large hybrid vehicles can claim credits of $3,000, $6,000 or $12,000 if they qualify for the Qualified Alternative Fuel Motor Vehicle Credit. The 10 qualifying models offered by IC Bus are the first and only school and commercial buses on the list.
“These credits are significant because they can help to offset the price of hybrids,” said David Hillman, IC Bus marketing director. “This tax credit will be appealing to schools and organizations looking for an added incentive to purchase hybrid buses. Even tax-exempt customers like schools can take advantage of the federal program by working with their IC Bus dealer.”
IC’s school bus products that meet the requirements for the Qualified Alternative Fuel Motor Vehicle Credit include the: