Posted by cngcenter on Jan 25, 2020 in Blog/News, Slider, Tips
CNG Tax Credit aka 50-Cent Fuel Credit aka Alternative Fuel Excise Tax Credit aka Excise Tax Credit now available for all sales 2018-2020. We have been getting some calls from people asking to assist with the proper way to file for the CNG tax credit. We thought sharing this insight would help to bring some clarity and help many to understand the process. ACT NOW, as this important development will add a significant amount to your CNG Station bottom-line performance for the...
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Posted by cngcenter on May 24, 2018 in Blog/News
Following up on many questions we have received about ACT EXPO 2018 we though it would be great to share a well-written summary provided by Graig-Halum Capital Group so that you know what you have missed if you did not attend. In this the 8th year of the conference a main takeaway was greater industry activity levels, higher attendance, and a more broad array of fuels and technologies. While not getting the splashy headlines of some other ACT participants, it is clear that...
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Posted by cngcenter on Sep 19, 2017 in Blog/News
September 15, 2017. A legislative agreement has been reached to direct up to $1.5 billion of revenue from California’s greenhouse gas (GHG) emissions allowance to expand the use of alternative transportation fuels, including natural gas (CNG), according to reports. Earlier this month, a group of California state senators advocated increasing funding by $1 billion to reduce emissions from trucks and buses, the source of more than a quarter of state GHG emissions. The...
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Posted by cngcenter on Dec 18, 2014 in Blog/News
On Tuesday night, the U.S. Senate passed the Tax Increase Prevention Act of 2014, which holds among its dozens of provisions an extension of the federal $0.50/gallon alternative fuels excise tax credits and a return of the 30% alternative refueling infrastructure tax credits. The House passed the bill, H.R.5771, on Dec. 3. President Obama is expected to sign the legislation. The excise tax credits cover compressed natural gas (CNG), liquefied natural gas (LNG), propane...
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Posted by cngcenter on Sep 24, 2013 in Blog/News
Many of our callers are confused with the common CNG terminology. Please refer to this page as guide for your CNG glossary to better understand what those abbreviations stand for. Btu (British Thermal Unit) Btu corresponds to the amount of energy required to raise the temperature of one pound mass of water by 1° F DGE (Diesel Gallon Equivalent) DGE corresponds to the amount of CNG containing the same energy content as one gallon of diesel. Ultra-low sulfur diesel has...
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Posted by cngcenter on Aug 9, 2013 in Blog/News
Natural gas vehicles help fleets go green and add green to the bottom line. While the cost of diesel continues to rise, the cost of natural gas remains steady and significantly cheaper. Use this CNG vs Diesel calculator below to find out how much money you can save by choosing Natural Gas fuel for your vehicles. CNG vs Diesel 1. CNG prices are typically listed in gasoline gallon equivalent (GGE). For comparison purposes, all CNG prices and cost calculations include a...
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