Vermont Electric Utility Incentives
Burlington Electric Department is offering customers a $1,200 rebate on the purchase or lease of a new All-Electric Vehicle or Plug-in Hybrid Electric Vehicle priced at $50,000 or less. Moderate income customers are eligible for up to an additional $600 incentive on an all-electric or $300 for a PHEV. They will also provide all-electric buyers with a $400 rebate toward a qualifying level 2 charger if purchased within 60 days of your vehicle purchase or lease.
If you have a BED-approved charger, you can sign up for a discounted rate for EV charging of about 6.8 cents/kWh when you keep all your charging for the month between 10 pm and 12 noon.
BED has partnered with local credit unions on low-interest financing options for electric vehicle purchases that includes their incentive.
BED is also working with Nissan to offer a $5,000 discount on a new 2019 standard LEAF (40 kWh battery) purchase to their customers.
Visit BED's Electric Vehicle program resources for more information on these incentives.
BED also offers $200 discounts on electric bicycle purchases or conversions.
Green Mountain Power is offering electric car incentives, including $1,500 for a new all-electric vehicle, $1,000 for a new plug-in hybrid, or $750 for a used electric car (either all-electric or plug-in hybrid). The first 150 low-to-moderate income customers getting a new or used all-electric vehicle will also qualify for an additional $1,000 rebate. These incentives are available for customers purchasing or leasing electric cars with a manufacturer's suggested retail price (MSRP) under $50,000. Interested customers are encouraged to visit GMP's EV rebate page for additional details.
GMP also offers customers free Level 2 (240 Volt) charging equipment with a new electric vehicle purchase. Existing electric car owners can obtain Level 2 equipment from GMP for a $9.99 monthly fee. Visit their in-home charging page for more details.
Customers with GMP-approved charging equipment can take advantage of GMP's "bring your own device" (BYOD) program to receive a $10/month credit for allowing GMP to turn off their charging equipment during peak periods. Visit their Bring Your Own Device page for more details.
GMP is also working with Nissan to offer a $5,000 discount on a new 2019 standard LEAF (40 kWh battery) purchase to their customers.
They have also partnered with Alderman's Chevrolet on GM employee discount pricing for Volt or Bolt customers.
Stowe Electric Department is offering customers an $850 incentive for the purchase of a new all-electric vehicle or $450 for a plug-in hybrid vehicle. Income qualifying customers will also be eligible for an additional $250 incentive.
Visit their website for more information on this program.
Vermont Electric Coop is offering customers a $500 bill credit for the purchase of a new or used all-electric vehicle or $250 for a plug-in hybrid vehicle. Customers leasing an all-electric car are eligible for up $100 in bill credit for each year of the lease or $50 for each year of the lease for plug-in hybrid vehicles.
VEC is also working with Nissan to offer a $5,000 discount on a new 2019 standard LEAF (40 kWh battery) purchase to their members.
Visit their Electric Transportation resources for more information.
Vermont Public Power Supply Authority has an electric car rebate program for customers of the following municipal electric utilities: Barton Village, Village of Enosburg Falls, Hardwick Electric Department, Village of Jacksonville, Village of Johnson, Ludlow Electric Light Department, Lyndonville Electric Department, Morrisville Water and Light Department, Northfield Electric Department, Village of Orleans, and Swanton Village.
The rebate amount is $800 for the purchase or lease of a new all-electric vehicle or $400 for a plug-in hybrid vehicle. Low income customers are eligible for an additional $200 incentive.
VPPSA's electric car rebate form has more information on redeeming this offer.
Washington Electric Co-op has a tiered EV incentive program for income-eligible households, including $1,900 for a new all-electric vehicle (AEV) or $1,000 for a used AEV. They are also offering $950 for a new plug-in hybrid electric vehicle (PHEV), or $500 for a used PHEV.
WEC is also working with Nissan to offer a $5,000 discount on a new 2019 standard LEAF (40 kWh battery) purchase to all of their members.
Visit WEC's EV incentives page for more details.
Other Vermont electric utilities may have reduced rates for charging and/or electric car purchase incentives. Please contact your local electric provider to learn more about current or planned programs for electric car owners.
Local auto dealerships offer special deals on electric cars from time-to-time. Drive Electric Vermont will share information from dealers when we are notified of these specials. Electric car shoppers are encouraged to consider their purchase/lease options and research vehicle pricing before purchasing using the online tools as referenced in our Leasing vs Purchasing Blog Post. Electric car dealerships not listed below may offer similar or better pricing through the negotiating process.
No dealer discounts currently listed.
Other Vermont Incentives
Several Vermont companies and organizations offer incentives for electric car purchases and other sustainable transportation options. Check with your employer to see whether you are eligible.
Federal Tax Credits for the Purchase of Electric Vehicles
Federal tax credits ranging from $2,500 to $7,500 are available to buyers of qualified plug-in electric vehicles. The size of the credit is based on the battery size. Our vehicle comparison includes the exact amounts for each model.
No date is currently in place for the expiration of these tax credits but once an individual manufacturer sells 200,000 qualifying vehicles the credit will be phased out for that automaker over the course of a year.
Since the credit can only be claimed in the year the vehicle was put into service, the annual federal tax liability of the buyer may be a limiting factor in the size of the tax benefit received.
For more information on how to claim the electric car tax credit, visit the U.S. Department of Energyʼs Fuel Efficient Vehicle Tax Information Center (see the "Claiming the Credit" section beneath the listing of models and tax credit amounts).
Leasing and the Federal Tax Credit
If you are interested in leasing an electric car, it is important to note the federal tax credit can only be claimed by the leasing company as the "owner" of the vehicle. However, the leasing company will usually pass through a portion or all of the benefit to the lessee (driver) as part of the lease deal to significantly lower the lease down payment and/or monthly payments.
We encourage anyone shopping for an electric car lease to work with the dealership to understand how the federal tax credit may reduce your lease costs.
Federal Tax Credits for Electric Vehicle Charging Equipment
The federal tax credits for Electric Vehicle Supply Equipment (EVSE) for businesses and residents expired on December 31, 2016.
Homeowners were eligible for a 30% tax credit up to $1,000 based on their charging station installation costs.
Commercial property owners were eligible for a 30% tax credit up to $30,000 on installation costs for charging equipment.
It is possible these credits could return in the future, but there is not immediate renewal or replacement moving forward. More information on this tax credit, including links to IRS forms, is available at the U.S. Department of Energyʼs Fuel Efficient Vehicle Tax Information Center.