Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
Share:
Tax Benefits Other Electricity Discounts Charger Rebates HOV Lane Access EV Rebates Clear
New Hampshire offers a few incentives for EV owners. You can get a rebate for installing a home charging station through NHEC, and both NHEC and Unitil Corporation offer time-of-use electricity rates for EV owners.
Residential EV Charging Station Incentive • New Hampshire Electric Cooperative
Category: Charger RebatesNHEC offers residential customers a rebate of $300 for the installation of a Level 2 EV charging station. Customers can receive a maximum of two rebates.
Category: Electricity DiscountsNHEC offers a TOU rate to residential customers who own or lease an EV. Customers must be able to separately meter EV charging.
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.
Discussion