Electric Vehicle Offers & Information
Residential EV Charging Rebates
LPEA offers financial incentives for the installation of home electric vehicle charging stations. See below for details.
- Up to 100% of Level 2 charger cost (pre-tax), up to $500.
- Up to 50% of plug installation cost (pre-tax), up to $500.
- Charger must be scheduled to avoid LPEA’s peak hours, proof of schedule required.
- Charging cords can qualify IF peak-hours schedule is programmed in vehicle or cord, proof of schedule required.
- If no schedule is set or able to be set, member can receive a rebate up to $250 ($125 charger, $125 install) for a non-scheduled Level 2 charger.
- Up to two rebates available per household, must have one EV per charger rebate.
- Ownership of an Electric Vehicle is required for all EV rebates.
- All rebates must be submitted within 90 days of installation.
- Check out our rebate page for more information: https://lpea.coop/rebates
Incentive Information
Commercial & Public EV Charging
- Rebates for business and public charging stations are available, contact LPEA for more details.
- State-funded grants or other external financial support may also be accessible, contact LPEA with questions.
Federal Tax Credit for Electric Vehicle Charging Equipment up to $1,000
If you install qualified vehicle refueling and recharging property at your home, including electric vehicle charging equipment, you may be eligible for a credit of up to $1,000 for each item of property.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit up to $1,000 for residential charging equipment
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 between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
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 between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
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