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.
- 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.
Electric Vehicle Federal Tax Credit up to $7,500
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles (section 30D). These changes will phase in over time. Effective immediately after enactment of the Inflation Reduction Act (after August 16, 2022), the tax credit is only available for qualifying electric vehicles for which final assembly occurred in North America. Further changes to the eligibility rules began in 2023.
Overall, the reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years. New Requirements Effective April 18, see links below for details.
Separately, starting in 2023, the Inflation Reduction Act also establishes tax credits for pre-owned clean vehicles (section 25E) and for commercial clean vehicles (section 45W). Treasury and the Internal Revenue Service will release more information on all the clean vehicle credits in the coming months.
Information about vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
- Source: U.S. DEPARTMENT OF THE TREASURY, August 16, 2022
- Consult your tax adviser to make sure you qualify
- Max tax credit $7,500
- Restrictions apply, subject to change without notice
Incentive Information
EV Charging Equipment Federal Tax Credit up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information