This is part of the 2005 Energy Bill, which provides the purchaser of an alternative fuel vehicle a credit on the incremental cost of such a vehicle (incremental cost is defined as the price of the alternative fuel vehicle over the cost of a similar petroleum-powered vehicle).
The Internal Revenue Service (IRS) has established a cap on the maximum amount that can be credited based on the type, weight and emissions of the vehicle. The ROUSH® F-250 Liquid Propane Injection pickup qualifies for a maximum allowable credit of $4,500.
"Propane qualifies as one of the approved alternative fuels by the federal government, and they have offered up a nice tax credit that may qualify to help offset the incremental costs to purchase a ROUSH® propane-powered F-250 pickup truck," said Joe Thompson, vice-president and general manager of ROUSH® Performance. "Buyers should also speak with their state, county and municipalities as additional tax credits or rebates may be offered, but obviously those will vary greatly, depending on the location of vehicle purchase."
Additionally, and perhaps even more important to fleet operators who meet the qualifications, there is a 50-cent per-gallon credit on the propane used to power motor vehicles such as the ROUSH® F-250 Liquid Propane Injection truck. Obviously, there are restrictions set by the IRS, and as with all tax ramifications, it is advisable to research your specific needs and how the rules will affect your fleet business.
The ROUSH® F-250 Liquid Propane Injection truck is designed and manufactured to operate solely on propane while providing the same horsepower, torque and drivability of an F-250 equipped with a gasoline-powered 5.4-liter, 3-valve Triton™ V-8 engine. There is no loss of towing capacity either.
With deliveries anticipated to start in the third quarter, ROUSH® will make this product available in two forms; customers can choose either a complete ROUSH®-assembled F-250 that will have a 3-year/36,000-mile warranty, or a conversion kit to fit existing trucks in the field, which also carries the same warranty. The conversion kit will also fit 2009 F-250 pickups that may be in service.
The order banks for both the vehicle and the conversion kit, both of which are true OEM-quality in terms of engineering and materials, are now open. Among the components changed are the fuel tank with multi-valve fuel pump; stainless steel fuel lines; billet aluminum fuel rails; an upgraded custom ROUSH® PCM calibration; and all necessary wiring, hardware and instructions.
As an alternative fuel, propane offers a variety of advantages. It is available "right here, right now" with a national infrastructure already in place. Propane burns cleaner, with up to 20 percent less nitrous oxide, up to 60 percent less carbon monoxide and fewer particulate emissions. It is already the third most widely used fuel worldwide, following gasoline and diesel. Propane is 90 percent domestically produced, and as an alternate fuel, the purchase of propane-powered vehicles are eligible for a variety of federal, state, and municipal tax credits or rebates.
Based in Livonia, Mich., "The Art of Performance Engineering" takes place at ROUSH® Performance. To get a look at what goes behind the scenes on at ROUSH® and how the vehicles and parts are designed, manufactured, tested and produced, log on to www.ROUSHtv.com. In addition to the array of Ford Mustang and F-150 styling, handling and performance upgrades, a complete line of performance parts and crate engines are offered. For more information, see your local ROUSH® dealer, visit www.ROUSHperformance.com or telephone toll-free (800) 59-ROUSH.