What is the Wave Pool?
The Wave Pool is a collaborative effort between the Wilmington Urban Area Metropolitan Planning Organization and the Cape Fear Public Transportation Authority which allows people who live and work near each other and have similar commuting schedules to share a ride to work. There are currently two Wave Pool options: vanpool and carpool.
How does the Vanpool program work?
In a vanpool, Wave Transit provides the vehicle, maintenance, fuel and insurance and employees pay a monthly fare for the service. Vanpools typically require at least five members to be considered. Each service tailors its schedule around the needs of the passengers of the vanpool, with all members deciding on the pick-up and drop-off locations and times. Once a vanpool has been developed, efforts are made to secure a van. Sometimes a van is available. Other times a van has to be ordered. Development of a vanpool can take up to six months.
Riding in a vanpool saves you money in fuel and vehicle wear and tear, reduces the stress of dealing with stop and go traffic and helps the environment. In addition to the commuting savings, there are federal tax incentives that are available to vanpool passengers.
Click here for a link to the IRS Qualified Transportation Fringe Benefits page. The tax incentive is available to employers too. Your employer may choose to offer the program to their employees for the tax incentives or to reduce the need for employee parking. They also may offer the program through an IRS Section 125 Cafeteria Plan.
How does the Carpool program work?
For groups who want the advantage of a vanpool but not enough participants merit the creation of a vanpool, carpooling assistance is available through the Wave Pool program. Carpooling can save up to $300.00 per month in fuel, maintenance, parking and insurance. Carpooling can also lead to a vanpool for even more savings. To get a carpool started, the Wave Pool program offers a ride matching system. The system matches potential carpool candidates who share commuting patterns. Click here to sign up for the Wave Pool ridematching program. You can also contact the Wave Pool coordinator below for additional information.
Like vanpooling there may be federal tax incentives for carpooling if an electric vehicle is used. Click here for a link that outlines all the tax incentives for commuting.
Where do I signup or get more information?
Click here to find a carpool
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