Rebates and Tax Credits Make Buying an Electric Vehicle More Affordable

With electric vehicles (EV) starting to come into their own (technology-wise) this is really the best time to purchase an electric vehicle. More than 330,000 electric vehicles were sold in the United States in 2019, compared to approximately 157,000 just three years earlier. Electric charging stations are beginning to pop up in more and more places and home chargers are reasonably affordable as well. Additionally, the range that an EV can travel on a single charge has increased over the years to the point where many models exceed 250 miles on a single charge. Tesla, in fact, has several models that they claim can travel well over 300 miles without needing a charge.

Electric vehicles are clearly the wave of the future, but that future has taken a little longer to arrive than some may have expected. That’s partly because of range limitations and a prior lack of on-the-run charging options. More importantly, the hold-up on the EV revolution may be due to the cost of purchasing an EV is often-times prohibitive. It is all well and good to be mentally ready to make the switch to an all-electric car, but when push comes to shove the (financial) bottom-line often rules the day when making a vehicle purchase. Though the cost of an electric vehicle has come more in line with their gasoline counterpart in recent years, EVs still cost more, plain and simple.

We have good news.

State, local and federal governments want you to switch over to electric vehicles. EVs are essential to achieve the U.S. Government’s renewable energy, air quality, and climate change goals. The largest source of greenhouse gas emissions from human activities in the United States is from burning fossil fuels for electricity, heat, and transportation – with transportation making up the largest portion.

To help ease the burden of purchasing electric vehicles there are rebates available from the State of Connecticut, the U.S Government and from Groton Utilities. Below is a list of currently available rebates and links to appropriate websites to apply for them.

FEDERAL:

Receive up to $7,500 in federal tax credits for buying an Electric Vehicle

United States Department of Energy Federal Incentive Program

GROTON UTILITES:

For a limited time Groton Utilities will issue a $2,000 rebate for an electric vehicle purchased by Groton Utilities and Bozrah Light & Power customers. Also available is a $1,000 rebate for an electric vehicle leased by Groton Utilities and Bozrah Light & Power customers. For more information, visit the Groton Utilities Electric Vehicle Rebate Program page on our website.

Additionally Groton Utilities has a $600 rebate available on the purchase of any wifi-enabled level 2 charger. Visit our Electric Vehicle Rebate Program page on our website for more information.

STATE:

Receive up to a $5,000 rebate from the State of Connecticut for residents who purchase or lease a new eligible battery electric, plug-in hybrid electric or fuel cell electric vehicle.

CT Department of Energy and Environmental Protection – EV Connecticut

APPA (American Public Power Association):

The American Public Power Association has partnered with Nissan to offer its member public power community across the U.S. exclusive rebates on the all-electric 2019 Nissan LEAF through March 31, 2020.

Public power customers and employees are eligible for a rebate of $3,500 on the 2019 Nissan LEAF 40 kWh Standard and of $2,500 on the 2019 Nissan LEAF 62 kWh ePlus. To claim the rebate, customers must download this flyer (updated Jan 9, 2020) and take it to a local Nissan dealer, along with proof of eligible residency and a current electric bill.

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