Indiana Michigan Power - EV Incentive

Indiana Michigan Power provides a $500 rebate for residential customers who install electric vehicle charging stations and enroll in the program. Participants also receive a 50% discount on electricity used to charge their vehicle between 11:00 pm and 6:00 am daily, helping reduce ongoing charging costs. Contact I&M directly or visit their website to enroll and apply for the rebate.

I&M's EV charging program offers predictable incentive values: $500 for residential customers and up to $500 for small commercial customers (under 4,500 kWh/month), plus $2,500 for the first charging port and $500 for each additional port at larger commercial and multifamily properties. Contractors should verify customer eligibility and help customers understand that I&M may waive new electrical service costs based on anticipated revenue from the charging program.

The program delivers $500 rebates to residential and small-commercial customers (under 4,500 kWh/month) plus off-peak rate discounts (50% for residential, up to 45% for small commercial). Commercial/industrial/multifamily customers receive $2,500 per first port and $500 per additional port, with potential utility absorption of new service infrastructure costs. The mechanism uses off-peak pricing incentives (11 pm–6 am) to shift EV charging to lower-demand periods and targets cost-recovery through anticipated revenue from increased off-peak consumption.