Electric Vehicle Offers & Information
Empire Electric Association Level 2 (240V) Electric Vehicle Charger Rebate Program
Empire Electric offers rebates on Electric Vehicle Chargers and Charger Installations. If you have an EV or a considering an EV purchase and want the convenience of charging your EV at home or at your business, please check out the significant savings offered with this rebate.
- Level 2 chargers are four to six times faster than using a standard home outlet.
- More efficient charging than standard outlet (120V) charging.
- Many units come with additional controls, such as timers and wifi connectivity.
Incentive Information
Level 2 No Resale or Fee Collection: 50% of total equipment and electric service installation costs up to $250 for EEA All Energy Rate Members (rebate is split up to $125 for EV charger and $125 for electric service installation costs) or up to $1,250 (rebate is split up to $625 for EV charger and $625 for electric service installation costs) for EEA Time of Use Rate Member. Limit - 2 Chargers per membership. Qualifying Installations -Residential or Commercial (Private Fleet)
Level 2 (with network & fee for charge capability): 50% of total equipment and installation cost up to $2,000. Must be accessible to the general public.
Level 2 (with network & fee for charge capability): 50% of total equipment and installation cost up to $2,000. Must be accessible to the general public.
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
State of Colorado EV Tax Credit
Colorado taxpayers are eligible for a state tax credit of $5,000 for the purchase or lease of a new EV on or after July 1, 2023 with a manufacturer’s suggested retail price (MSRP) up to $80,000. Lease agreements must have an initial term of at least two years. Beginning January 1, 2024, Coloradans purchasing an EV with an MSRP up to $35,000 will be eligible for an additional $2,500 tax credit.
- Contact by Phone: 303-238-7378
- Consult a tax professional to determine if you qualify
- Restrictions apply; see Colorado Energy Office website for details
Incentive Information
Colorado taxpayers are eligible for a state tax credit of $5,000 for the purchase or lease of a new EV on or after July 1, 2023 with a manufacturer’s suggested retail price (MSRP) up to $80,000.
Vehicle Exchange Colorado (VXC) Program
The Vehicle Exchange Colorado (VXC) program helps income-qualified Coloradans recycle and replace their old or high-emitting vehicles with electric vehicles (EVs). The VXC rebate will partially cover the upfront cost of the EV at the time of purchase or lease from an authorized automobile dealer.
- Contact by Phone: 833-933-9602
- Contact by Email: vxc@aptim.com
- Restrictions apply; see Colorado Energy Office website for details
Incentive Information
Eligible Colorado residents can receive the following rebate amounts for a qualified electric vehicle purchase or lease (note: a lease term must be a minimum of two years).
New electric vehicle (BEV or PHEV): $6,000
Used electric vehicle (BEV or PHEV): $4,000
New electric vehicle (BEV or PHEV): $6,000
Used electric vehicle (BEV or PHEV): $4,000
Federal Tax Credit for EV Charging Equipment 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
Incentive Information
Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.