CON EDISON SMARTCHARGE NY
- If you own or lease a plug-in electric vehicle and charge it in New York City or Westchester County, you’re eligible. (*select Queens & Westchester zip codes are not eligible)
- You don’t have to be a Con Edison customer or live in the Con Edison service territory to participate; you can earn rewards as long as you charge your vehicle within conEdison’s service territory.
- How to join:
- Join the community of electric-vehicle drivers who are earning rewards for charging at off-peak times. You’ll get a free “C2” connected car device that unlocks access to your driving and charging data.
- Get $150 for installing and activating your C2. Then, earn more throughout the year when you charge within New York City and Westchester (exclusions apply).
- Keep the C2 installed, charge in the Con Edison service area (almost anywhere in NYC and Westchester), and we’ll grant you 5,000 points (or $5).
- Avoid charging entirely during peak summer hours (between 2 pm – 6 pm on weekdays June 1 – Sept 30) to earn 20,000 points (or $20) per month.
- Earn an additional 25,000 points (or $25) per friend once they enroll. (Your friend earns a $25 bonus too!)
NYS DRIVE CLEAN REBATE
- How it works: https://www.nyserda.ny.gov/All-Programs/Programs/Drive-Clean-Rebate/How-it-Works
- Eligibility: Open to all New York State residents
- Offers a point-of-sale rebate towards the purchase/lease of a new electric car.
- 1.) Find your favorite plug-in hybrid or battery-powered car.
- 2.) Go to the nearest participating dealer and try it out.
- 3.) Get up to $2,000 off your electric car purchase.
- Rebate amounts categorized by all-electric range:
- $2,000 if 120+ mile
- $1,700 if 40-119 mile
- $1,100 if 20-39 mile
- $500 if less than 20 mile
- $500 if electric cars with MSRP greater than $60,000
- The NYS Drive Clean Rebate could be combined with the Federal Tax Credit.
FEDERAL EV/PHEV TAX CREDIT ($2,500- $7,500)
- How it works:
- Requirements: Must be a new vehicle, acquired by use or lease by taxpayer and used mostly in the US. Full list here
- Claiming credit: For vehicles acquired for personal use, report the credit from Form 8936 on the appropriate line of your Form 1040.For vehicles purchased in 2010 or later, this credit can be used toward the alternative minimum tax (AMT).If the qualifying vehicle is purchased for business use, the credit for the business use of an electric vehicle is reported on Form 3800, General Business Credit.
- Credit Amount: All-electric and plug-in hybrid cars purchased in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle.
- Description: More detailed rebate information by make and model here https://www.fueleconomy.gov/feg/taxevb.shtml