USA EV Incentives: Colorado
Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
Colorado residents can claim a tax credit for purchasing or leasing an EV, with eligibility based on vehicle type and lease terms. EV charging stations are property tax-exempt until 2030. Utilities like Xcel Energy offer rebates up to $5,500 for new EVs and $3,000 for pre-owned EVs. Charging station rebates range from $250 to $2,300, with programs from LPEA, GCEA, and others offering discounts, free chargers, or installation support for Level 2 chargers.
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Colorado EV Tax Credit
Category: Tax Benefits Colorado residents who purchase or lease an EV before 2029 may qualify for a tax credit. Eligibility depends on vehicle type and purchase/lease date. The EV must be your primary Colorado vehicle. New purchased vehicles and leased vehicles with at least a two-year term are eligible. You can claim the credit if you received a federal EV tax credit or any other credits, grants, and rebates. -
Colorado EV Charging Station Tax Exemption
Category: Tax Benefits EV charging station owners are exempt from paying property tax on the stations until January 1, 2030. -
EV Charging Station Rebate • San Isabel Electric Association
Category: Charger Rebates SIEA offers customers rebates for the purchase and installation of Level 2 AC (50% up to $500-1000) and DC fast charging stations (50% up to $3,000-5,000). -
EV Rebate • San Isabel Electric Association
Category: EV Rebates SIEA offers residential customers a $500 rebate for the purchase of qualified EVs. -
Residential EV Charging Station Rebate • Black Hills Energy
Category: Charger Rebates Black Hills Energy offers residential customers a rebate of 50% of the cost (up to $500) for purchasing and installing a Level 2 EV charging station. Low-income residents can qualify for a rebate covering 100% of the costs, up to $1,300. -
EV Charger Rebate • Gunnison County Electric Association
Category: Charger Rebates GCEA offers rebates to residential customers for the purchase of a Level 2 EV charging station. Eligible customers may receive a rebate for 50% of the cost to purchase and install an EV charging station, up to $1,250. To qualify, applicants must sign up for a time-of-use rate. -
EV Purchase Rebate • Gunnison County Electric Association
Category: EV Rebates GCEA offers rebates for the purchase of new or used EVs. New EVs qualify for a $1,000 rebate, while used EVs receive a 25% discount up to $1,000. -
EV Charging Station Incentive • Holy Cross Energy
Category: Charger Rebates HCE offers a rebate of up to $549 for qualifying EV charging stations for residential customers. -
EV Rebate • Xcel Energy
Category: EV Rebates Xcel Energy offers income-qualified residential customers a $3,000 rebate for the purchase or lease of a pre-owned EV, and a $5,500 rebate for the purchase or lease of a new EV. -
EV Charer Rebate and Time-Of-Use Rate • Xcel Energy
Category: Charger Rebates Xcel Energy offers residential customers a rebate of up to $500 for the purchase and installation of a qualified AC Level 2 EV charging station. Income-qualified residents may receive up to $2,300. To be eligible, customers must also enroll in a TOU rate. -
EV Charger Rebate • Empire Electric Association
Category: Charger Rebates Empire Electric Association offers EV charger rebates. All Energy Rate Members get up to $250, split between charger and installation. Time of Use Rate Members receive up to $1,250, divided equally. Chargers with network and fee-for-charge features qualify for up to $2,000. -
Residential EV Charger & Rebates • La Plata Electric Association
Category: Charger Rebates La Plata Electric Association (LPEA) offers residential customers a free Level 2 EV charger, worth $700, and a rebate of up to $500 for plug installation (not exceeding 50% of costs before tax). Members are limited to two chargers, requiring ownership of two EVs, and must maintain WiFi and stay active in the LPEA program. Smart chargers qualify for an additional $250 rebate. -
EV Charger Rebate Program and TOU Rate • Mountain Parks Electric
Category: Charger Rebates Mountain Parks Electric (MPE) provides a rebate covering 50% of the total project cost, up to $1,000, for the purchase and installation of a new Level 2 WiFi capable EV charger, with $500 allocated for the charging station and $500 for installation. For used EV chargers, the rebate is up to $500, with the same split. Customers must be enrolled in the MPE TOU Rate program to apply. -
EV Charging Equipment Rebate • Mountain View Electric Association
Category: Charger Rebates Mountain View Electric Association (MVEA) offers a rebate of 50% on the purchase and installation of a new Level 2 WiFi-capable EV charger, up to $250, split between $125 for the charger and $125 for installation. For managed chargers, customers can receive up to $1,000, divided equally for equipment and installation. This rebate is available to residential, commercial, and public customers until December 31, 2024. -
EV Charger Rebate and TOU Rate • Poudre Valley Rural Electric Association
Category: Charger Rebates Poudre Valley Rural Electric Association (PVREA) is offering a 50% rebate, up to $250, for the purchase and installation of Level 2 EV chargers, divided equally between the two. For those in the DrivEV Smart Charging Rewards program or Time-of-Use Rate, the rebate can go up to $1,000, with the same split. Limit: 2 chargers per account. -
EV Charging Equipment Rebate • Sangre de Cristo Electric Association
Category: Charger Rebates Sangre de Cristo Electric Association (SDCEA) offers a rebate of 50% on the purchase and installation of a new Level 2 EV charger, up to $250. For managed chargers, customers can receive up to $1,000. This rebate is available to residential, commercial, and public customers. Limit: 2 chargers per member account. -
EV Charger Rebate • San Luis Valley Rural Electric Cooperative
Category: Charger Rebates San Luis Valley Rural Electric Cooperative (SLVREC) offers a rebate of 50% on the purchase and installation of a new Level 2 EV charger, up to $250. For managed chargers, customers can receive up to $1,000. This rebate is available to residential and commercial customers. -
EV Charging Equipment Rebate • San Miguel Power Association
Category: Charger Rebates San Miguel Power Association (SMPA) is offering a rebate of 50% cost match of new EV charging equipment up to $250 maximum, and 50% up to $250 maximum for electric service installation (≤$500 Total). Limit: two chargers per member account and one rebate per consumer account per year. -
EV Charger Rebate • Yampa Valley Electric Association
Category: Charger Rebates Yampa Valley Electric Association (YVEA) offers a rebate of $250 for purchasing a new WiFi-capable Level 2 EV charging staion. To apply customers must provide a photo and proof of purchase of the installed charger. -
EV Make-Ready Wiring Rebate • United Power
Category: Charger Rebates United Power offers up to $500 (or $1,000 with United EV Program) for a Level 2 EV charger wiring installation and panel upgrades. Rebates are limited to one per service location and require timely application. An invoice and photos are needed.
Last Updated:
04/03/2025
Federal Incentives
The U.S. federal government offers EV tax credits to make going electric more affordable! New EV buyers may qualify for up to a $7,500 tax credit, depending on the car’s specs and buyer’s income. For pre-owned EVs, you could receive up to $4,000. Plus, homeowners in low-income or rural areas can get up to $1,000 for installing an EV charger.
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Federal Tax Credit for New Electric Vehicles
Category: Tax Benefits All-electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The availability of the credit will depend on several factors: Vehicle's MSRP, Final assembly location, Battery component and/or critical minerals sourcing, Taxpayer’s modified adjusted gross income (AGI). -
Federal Tax Credit for Pre-Owned Electric Vehicles
Category: Tax Benefits Pre-owned all-electric vehicles purchased in 2023 or after may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The vehicle must be purchased from a dealer, have a sale price of $25,000 or less, and must have a model year two years prior to the current calendar year. -
Federal EV Charger Tax Credit
Category: Tax Benefits Individuals in low-income communities and non-urban areas who purchase qualified residential EV charger after January 1, 2023, may receive a tax credit of up to $1,000.
In order to qualify, individuals need to be located in low-income community census tracts or non-urban census tracts as defined in IRS Notice 2024-20.
Last Updated:
04/03/2025
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