Electric Vehicle Offers & Information
Rebates for Connecticut Home Charging
Charging at home is one of the most popular advantages of electric vehicles, and we have rebates to help with the purchase and setup, and options for renters.
Level 2 Smart Chargers will charge your car up to four times faster than a standard Level 1 charger, and they can connect to Wi-Fi networks to offer you even more control over your power use.
Level 2 Smart Chargers will charge your car up to four times faster than a standard Level 1 charger, and they can connect to Wi-Fi networks to offer you even more control over your power use.
- We offer a $500 rebate on qualified Level 2 Smart Chargers.
- You can get another $500 rebate to help with the costs of a home wiring upgrade to power your Level 2 Smart Charger.
Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR)
The Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) offers incentives to Connecticut residents who purchase or lease an eligible vehicle from a licensed Connecticut automobile dealership. Incentive amounts currently range from $4,250 for an eligible new battery electric (BEV), $2,250 for a plug-in hybrid electric (PHEV), and up to $9,500 for a fuel cell electric vehicle (FCEV) when a Standard Rebate is combined with Rebate+ New for Rebate+ qualified individuals (see program website for eligibility details).
Effective March 29, 2023, the CHEAPR program is evolving to a point-of-sale (POS) rebate for CHEAPR Standard, Rebate+ New, and Rebate+ Used! You will now be able to receive your CHEAPR rebate at the dealer.
Effective March 29, 2023, the CHEAPR program is evolving to a point-of-sale (POS) rebate for CHEAPR Standard, Rebate+ New, and Rebate+ Used! You will now be able to receive your CHEAPR rebate at the dealer.
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
Federal Tax Credit for Electric Vehicle Charging Equipment up to $1,000
If you install qualified vehicle refueling and recharging property at your home, including electric vehicle charging equipment, you may be eligible for a credit of up to $1,000 for each item of property.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit up to $1,000 for residential charging equipment