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Most people believe that a Tesla is out of their price range. With prices starting at $35,000 and going up to $124,000, the brand is definitely in the aspirational range for a lot of people. However, many states offer rebates and other incentives to buy electric vehicles, or EVs. The federal government also offers an income tax credit of up to 26% for green cars that run on alternative fuels, as well as for home utilities. In other words, some states will pay you to buy a Tesla.
What States Pay You to Buy a Tesla?
Some states even give you an additional discount for cars with solar and energy storage. If you’re in the market for a new car, and you’d like to green your drive, you can find out here if your state offers discounts for buying an electric or alternative fuel vehicle. Note that discounts and rebates are subject to change.
Arizona will give electric car drivers a reduced vehicle license tax and access to carpool lanes. You can receive incentives for going green in your home, such as getting up to $1,000 in state tax credits for installing solar panels. There’s also a tax credit of up to $75 for installing electric vehicle supply equipment, or EVSE, in your house or housing unit. Most commonly, this means having an electric car charging station at your home.
California gives $2,000 to $4,500 in rebates for buying a Tesla Model 3 and Model Y, depending on your income. The $1,500 California Clean Fuel Reward is available for anyone who registers a new electric vehicle in the state.
California also offers Plug-In Hybrid and Zero Emission Light-Duty Vehicle Rebates. The rebates are offered for purchasing or leasing of American Expedition Vehicles, or AEVs, as well as plug-in hybrid electric vehicles, or PHEVs. Battery electric vehicles and fuel cell electric vehicles are eligible as well.
If you bought an eligible car before March 28, 2016, you can get $5,000 in rebates. After that date, the rebate will be based on your annual income. San Joaquin Valley residents can get up to $3,000 in rebates for EVs by using the Alternative Fuel and Advanced Vehicle Rebate.
Under the California Self-Generation Incentive Program (SGIP), anyone who buys or installs solar utilities may be eligible for additional incentives. That includes Tesla’s Powerwall.
Colorado offers a tax credit of up to $4,000 for purchasing a new EV and $2,000 for leasing one. You could also be eligible for a tax credit of $5,000 for buying or converting a vehicle to electric or $2,500 for leasing a light-duty EV or PHEV.
Colorado also has various incentives for select solar utilities.
Connecticut has a $1,500 rebate for new electric vehicles that cost under $42,000. There’s also rebates for electric or hybrid vehicles based off battery capacity. You can get a $3,000 rebate for a batter capacity greater than 18kWh, $1,500 for 10kWh to 18kWh, and $750 for less than 10kWh.
You can also get exemptions for state emissions tests and a reduced vehicle registration fee. For various solar utilities, you can get a discount of up to $300 per kW PTC.
Delaware gives a $2,500 rebate for new EVs under $60,000 and $500 for having a home charging station. The Electric Vehicle Supply Equipment (EVSE) Rebates program can cover half the cost of building a station at home and 75% of the cost of building one commercially.
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The state also offers solar rebates for select utilities.
Florida residents and business owners may get financial assistance for building a home charging station depending on their eligibility.
Georgia’s Electric Vehicle Supply Equipment (EVSE) Tax Credit gives eligible businesses an income tax credit for buying or leasing electronic or hybrid vehicles.
Hawaii will give you exclusive carpool lane access and a reduced EV charging rate to buy an electric car. You can also get a tax credit for solar utilities equal to either 35% of the system cost or $5,000 per 5 kilowatt, whichever cost is lesser.
Idaho offers a state exemption from vehicle inspection for anyone purchasing or leasing an electric vehicle. You may also be eligible for other discounts under its vehicle maintenance program.
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Illinois offers exmeptions for state emissions tests for electric cars, plus reduced registration fees. Under the Electric Vehicle Supply Equipment (EVSE) Rebates, you can get half the costs of installing vehicle charging equipment at your home.
You can also earn Solar Renewable Energy Credits (SREC) for various green utilities and energy savings measures. The credits can be traded in for additional discounts. You can get a $1,000 discount per kilowatt on the cash or loan price of solar panels. If you invest in a solar roof, you can also receive $860 per kilowatt on the roof’s cash or loan price.
Louisiana offers a $2,500 income tax credit for buying or leasing a hybrid or electric car.
Maine residents may be eligible for a $2,000 rebate for new electric vehicles under $50,000.
Maryland will give you access to hybrid and electric lanes and an emissions testing exemption when you switch to an electric car. There are additional tax credits of up to $3,000 available for buying a plug-in electric car. You can also get a $700 rebate on wall connectors and installation of a charging station.
The state gives a $1,000 per system rebate for solar energy and utilities.
Massachusetts gives residents a $2,500 rebate for new vehicles costing less than $50,000. You can get up to $1,000 in state tax credits for using solar energy. The state also offers various incentives for using solar utilities and the Tesla Powerwall.
Montana will give you a tax credit of up to half the price for equipment and labor costs if you convert your vehicle to an alternative fuel source, including electric.
Nevada gives its residents a reduced rate for charging electric vehicles. You can also get free alternative fuel vehicle parking and an exemption from the state’s emissions testing requirement.
New Jersey gives up to $5,000 in rebates for buying or leasing a new alternative fuel vehicle that costs less than $55,000. You’ll also get a sales tax exemption if you bought the vehicle in New Jersey.
Solar utilities can earn you up to $720 per kilowatt on the price of installing solar panels or $600 off a solar roof.
New York offers a $500 rebate for new vehicles with a base price over $60,000, and $2,000 for those under $60,000. You’ll also get an exemption from the state’s emissions testing requirement.
If you use solar energy or solar utilities, you can get up to $350 per kilowatt in rebates and up to $5,000 in state tax credits.
North Carolina offers a state emissions testing exemption and car pool lane access to electric and alternative fuel vehicles.
Oregon offer a rebate of $2,500 for purchase or lease of new or used Tesla cars. You can get a tax credit of 25% for any alternative fuel infrastructure project, including building an electric charging station.
Solar energy and utilities can also earn you a rebate of $300 per kilowatt up to $2,400.
Pennsylvania residents can get a rebate for all-electric and plug-in hybrid cars. The rebates vary by the energy efficiency of the vehicle.
Rhode Island alternative fuel vehicle owners are exempt from the state’s emission testing requirements. You’ll also be able to earn up to $100 per kilowatt off the cash or loan price of solar panels and $80 per kilowatt off the cash or loan price of a solar roof.
Texas gives $2,500 vehicle replacement vouchers for qualified residents to buy a hybrid or battery-electric car.
Utah gives a tax credit for heavy-duty electric vehicles, which maxed out at $15,000 this year. To qualify, at least half of the car’s miles must be driven in the state.
Vermont gives a rebate based on your income when you buy or lease an electric car under $40,000. The rebate maxes out at $5,000.
If you use solar appliances or solar power, you can get a 2 cent per kilowatt hour incentive for 10 years.
Washington has a sales tax exemption for vehicles that cost up to $32,000.
Washington, D.C. exempts alternative fuel vehicles from excise tax and offers a reduced vehicle registration fee. You can also get a tax credit for half the price of installing a home charging station that costs up to $1,000.
Solar power uses can earn $930 per kilowatt off the price of solar panels and $780 for a solar roof.
Wisconsin’s Alternative Fuel Tax Refund for Taxis allows vehicles that transport passengers to be reimbursed for the paid amount of the Wisconsin state fuel tax. Refund claims must be filed within one year of the fuel purchase date.
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