Waiting list develops for Oklahoma Natural Gas rebate program for CNG vehicles
A new CNG vehicle rebate program from Oklahoma Natural Gas started in August. Demand has been so brisk that a waiting list has developed.
A new rebate program from Oklahoma Natural Gas to help pay for compressed-natural gas vehicles has proved so popular that a waiting list has developed, company officials said Monday.
More than $80,000 in rebates has been paid since applications started being processed in August, said Cherokee Ballard, ONG spokeswoman.
New applicants are being told the program could start paying out again by February.
“It just shows that Oklahomans are really embracing compressed-natural gas vehicles,” Ballard said.
ONG's program offers rebates of $2,500 for a dedicated CNG vehicle; $1,500 for a dual-fuel vehicle conversion; and $2,500 toward the cost of a CNG home-filling station. Those rebates come on top of existing state tax credits for CNG vehicles, conversions and home-filling stations.
Funded by surcharge
Money for the rebates comes from a 25 cents per gallon gasoline equivalent surcharge on natural gas bought from ONG's public fueling stations. The surcharge was approved by the Oklahoma Corporation Commission in June. ONG began collecting it July 1.
(MAY 2013): If You Pay For Car Insurance You Better Read This...
www.ConsumerFinanceDaily.com
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
Prev
Follow
