Electric Vehicle Incentives
There are valuable state and utility incentives* that can help you pay for your electric vehicle and home charging. From the ITC credits you’ll receive for the purchase of an EV, solar, and storage to the PSE&G rebate program, now is a wonderful time to use sustainable energy for your home and car!
Federal Investment Tax Credit
Tax credits for the purchase of new or used EVs have ended. However, the tax credit for the installation of EV Chargers is in effect until June 30, 2026.
State Incentives
Depending on your state, utility, and jurisdiction, various incentives and initiatives related to alternative fuels and vehicles, advanced technologies, or air quality may be available. Below are a few, but to learn more about what you might qualify for, please click here.
PSE&G Incentive – PSE&G’s Clean Energy Future – Electric Vehicle (EV) Program received approval to invest millions to build out New Jersey’s EV charging infrastructure, which will have customer and societal benefits. It will also put the state on track to become a front-runner in transportation electrification. The EV program is designed to support the deployment of EV chargers across a wide range of customers and sectors. What that means for you is that you will receive a $1,500 rebate for the installation of a Level 2 charger, further offsetting its cost! Learn more.
AC Electric – Whether you’re an EV driver or considering buying an EV, you already know the benefits of fuel savings and lower maintenance costs. And now, as an Atlantic City Electric residential customer, you may be eligible for a rebate of up to 50% of electrical upgrade costs—or a maximum of $1,000—for installing a Level 2 EV charger at home.
Charge Up New Jersey – Receive an incentive of up to $4,000 when you purchase or lease a new all-electric vehicle in New Jersey in addition to a rebate of up to $250 when you purchase an eligible electric vehicle charger for your home. This incentive can be combined with utility incentives for installation of a home charger.
Requirements
To be eligible for the electric vehicle charger incentive program, candidates are required to meet the criteria listed below and provide the necessary documentation as part of their submission:
Necessary documentation for submission includes:
- A receipt confirming the purchase of a Level 2 smart charger.
- An image scan showing the serial number of your charging unit.
- A New Jersey driving license to validate residency and as a distinct form of identification.
- Current electric vehicle registration from New Jersey that lists a home address within the state.
- The charging unit must be a newly purchased item and set up at the applicant’s home in New Jersey.
- Eligibility allows for a maximum of two charging unit incentives per applicant; the second is only permissible if there has been a change to a new residential address.
- A single incentive is designated for each vehicle registration, identified by its Vehicle Identification Number (VIN).
- As of March 15, 2023, the charger must be certified by Energy Star to qualify.
New York State Drive Clean Rebate
Open to all New York State residents, the Drive Clean Rebate offers a point-of-sale rebate towards the purchase or lease of a new electric car. Taking advantage of the Drive Clean Rebate is very easy: simply purchase a qualifying electric car from a participating dealer, and a discount of up to $2,000 will be applied when you pay.
Federal Tax Credit for EVSE
Receive a federal tax credit of 30% of the cost of purchasing and installing an EV charging station through June 30, 2026 (up to $1,000 for residential installations and up to $30,000 for commercial installations).
Con Edison offers the SmartCharge New York program, providing incentives for electric vehicle (EV) drivers who charge their vehicles during off-peak times. Participants can earn a $25 bonus after three months of charging, 10 cents per kWh for off-peak charging, and up to $35 per month during summer peak times for avoiding charging during peak hours (2 p.m. to 6 p.m. EST, June 1 through September 30). Off-peak times are defined as midnight to 8 a.m. EST daily. The program aims to reduce grid stress by encouraging off-peak charging.
California Incentives
California offers state and local incentives for purchasing electric vehicles. One California incentive is the Clean Vehicle Rebate Project (CVRP), which offers rebates for buying and leasing qualifying electric vehicles. It varies by the make and model of the vehicle, as well as the individual’s income level. PG&E, SCE, and SDG&E customers may be eligible for this rebate, which can be as high as $7,000 for certain vehicles. Incentives vary by utility company and location. Learn more!
