Vermont state incentives - Frequently Asked Questions
FAQ
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Funding for state incentives is currently unavailable. Additional funding will require legislative authorization. If approved, funds may be available again in summer 2025. You can stay up to date on funding announcements through our blog.
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Vehicle model eligibility for the state incentive program is determined by the base manufacturer's suggested retail price (MSRP). If a vehicle is listed as an eligible model, then any version of that model is eligible for a state incentive, even if the sale price is above $52,500. Vehicle MSRP exemptions are available for individuals with disabilities who require special registration plates or placards as defined in 23 V.S.A §304a.
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Yes, the listing of eligible models will be updated if new EV models with a base price under $52,500 become available.
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You can determine your AGI by checking your most recent state or federal income tax return. The State of Vermont income tax form, IN-111, lists AGI on line 1 (“Federal Adjusted Gross Income”). The federal income tax form, IRS 1040, lists AGI on line 11. For applicants who have not filed a recent tax return, documentation may be required to calculate income if you are subject to an incentive audit. Examples of additional documentation that may be required include W2s, bank statements, or other income verification documentation requested by the State of Vermont.
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Yes! The Vermont used EV incentive, called the MileageSmart program, is administered by Capstone Community Action. It provides eligible Vermonters with an incentive for 25% of the purchase price of a used EV, up to $2,500. SNAP recipients can receive up to $5,000. You can see all the details about the Vermont used EV incentive on our Incentives page. Used EV purchases may also be eligible for a federal tax credit and electric utility incentives.
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Yes! You can combine state, utility, and federal incentives to further reduce the cost of an EV purchase or lease, provided you meet all the eligibility requirements for each program. There is a limit of one state incentive per individual over the life of the program (effective April 1, 2024) and many electric utility incentives also include limits on participation.
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The state incentive program does not issue a 1099 for the rebate. The State of Vermont EV incentive may be considered taxable income by the IRS and the Vermont Department of Taxes. It shall be the sole responsibility of the recipient to seek professional advice and determine the tax consequences of receiving an incentive.
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The State of Vermont Plug-in Electric Vehicle Incentive Program Guidelines include detailed information on eligibility, incentive processing, and information for dealers interested in offering point-of-sale incentives for customers.
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Dealers can opt-in to offer point-of-sale incentives at any time while state incentive funds are available. Dealers should visit our Resources for Dealers page, sign the participating dealer agreement, and then send it to the program administrators at the Center for Sustainable Energy (CSE).
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Yes! Dealers offering point-of-sale incentives can assist customers with incentive applications. Customers needing assistance with consumer-direct state incentive applications should contact CSE’s customer support.
Support center
The Vermont state incentive program is administered by the Center for Sustainable Energy (CSE). General questions about incentives, the process for a dealership point-of-sale or consumer-direct incentive, or requests for funding status should be directed to at the Center for Sustainable Energy at:
Email: [email protected]
Phone: 1 (888) 807-0446