Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
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Connecticut offers a variety of incentives to encourage EV adoption. You can get rebates on both new and used EVs, as well as rebates for installing home charging stations. Some utilities also offer discounts on electricity rates for charging during off-peak hours. Additionally, low-interest loans are available for purchasing home charging stations.
Connecticut EV Rebate
Category: EV RebatesConnecticut offers EV purchase/lease rebates. The standard rebate is $2,250 for new EVs under $50,000. For income-qualified customers an additional $2,000 rebate is available for new EVs, and $3,000 for used EVs.
Residential EV Charging Station Rebate • United Illuminating
Category: Charger RebatesUI offers residential customers a rebate of up to $1,000, split into $500 for the purchase of a qualified Level 2 EV charging station and $500 for any necessary wiring upgrades. Customers may also receive an additional $100 by creating a charging schedule and enrolling in a managed charging program.
Residential EV Charging Station Rebate • Eversource
Category: Charger RebatesEversource offers residential customers a rebate of up to $1,000 for the purchase and installation of a qualified Level 2 EV charging station.
Residential EV Charging Rate Incentive • Eversource
Category: Electricity DiscountsEversource rewards EV owners for efficient charging. Earn up to $200 annually by charging during off-peak hours and participating in peak demand events. Enroll with a compatible smart charger or telematics-connected EV.
Loans for Residential Charging Infrastructure • Connecticut Green Bank
Category: OtherThe Connecticut Green Bank provides Smart-E low-interest loans for Connecticut electric vehicle (EV) owners to purchase Level 2 chargers. To qualify, you must own and live in the home where the chargers will be installed.
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.
Federal Tax Credit for New Electric Vehicles
Category: Tax BenefitsAll-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 BenefitsPre-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.
Category: Tax BenefitsIndividuals 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.
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