Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
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Delaware offers various incentives to promote electric vehicle adoption. You can earn credits by sharing your EV's battery power with the grid through a Vehicle-to-Grid program. Additionally, the state provides up to $2,500 in rebates for purchasing or leasing new or used electric vehicles. Delaware Electric Cooperative offers a $100 rebate and a $5 monthly bill credit for customers who charge their EVs outside of peak hours.
Delaware Vehicle-to-Grid Energy Credit
Category: Charger RebatesEarn credits by sharing your EV's battery power with the grid. Be a customer of a participating electricity provider offering a Vehicle-to-Grid program and own a compatible EV. Get paid for the energy you send back to the grid at the same rate you pay for charging.
Category: EV RebatesDelaware offers up to $2,500 in rebates for buying or leasing new or used electric vehicles. Vehicle must be purchased after May 1, 2024. Individuals can claim a maximum of two rebates.
EV Charging Station Rebate • Delaware Electric Cooperative
Category: Electricity DiscountsDEC offers a one-time $100 rebate, in the form of a bill credit and an additional $5 monthly bill credit to customers if they do not charge their EVs during Beat the Peak alerts.
Category: Charger RebatesThe Delaware Department of Natural Resources and Environmental Control (DNREC) provides rebates to multi-family dwellings for Level 2 EV charging stations purchased and installed after May 1, 2023. The maximum rebate for multi-family projects is $3,500 for single port chargers and $7,000 for dual port chargers.
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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