Electric Vehicle Offers & Information
EV News
In 2020, WRVEC purchased a sleek Nissan LEAF as the Cooperative’s newest all-electric vehicle. We knew owning an EV was a good fit for the Cooperative for many reasons, but here are just a few of the benefits:
• EVs cost less to operate and require less maintenance than gas-powered cars.
• Most EVs driving range is between 80-330 miles; that’s more that the average American’s daily commute.
• Fully recharging the battery is as simple as plugging it into an installed charger at the end of the day.
• EVs are quiet, smooth-operating, and have stronger acceleration than gas-powered cars.
• EVs are more environmentally friendly due to having no tailpipe emissions.
We worked with several great dealerships and drove some really cool EV models in the shopping process. Ultimately, we purchased the LEAF because we were able to capitalize on federal incentives and a sizable rebate from being a Touchstone Energy member. Yet another benefit to cooperative membership. Together we can help energize our communities!
• EVs cost less to operate and require less maintenance than gas-powered cars.
• Most EVs driving range is between 80-330 miles; that’s more that the average American’s daily commute.
• Fully recharging the battery is as simple as plugging it into an installed charger at the end of the day.
• EVs are quiet, smooth-operating, and have stronger acceleration than gas-powered cars.
• EVs are more environmentally friendly due to having no tailpipe emissions.
We worked with several great dealerships and drove some really cool EV models in the shopping process. Ultimately, we purchased the LEAF because we were able to capitalize on federal incentives and a sizable rebate from being a Touchstone Energy member. Yet another benefit to cooperative membership. Together we can help energize our communities!
Install an ENERGY STAR Certified Level 2 (240V) EV Charger and Get a $250 Rebate!
As part of WRVEC's Take Control & Save program we are offering a $250 Rebate for the installation of an ENERGY STAR Certified Level 2 charging station.
To be eligible you must be a residential or commercial member in good standing with the cooperative and the structure in which the charging station is installed must be a permanent structure on a permanent foundation on land owned by the member. Rebates are limited to eligible services (homes, lake homes, shops, barns, commercial buildings, etc) that purchase more than 6,000 kilowatt-hours of electricity from the cooperative on an annual basis.
To be eligible you must be a residential or commercial member in good standing with the cooperative and the structure in which the charging station is installed must be a permanent structure on a permanent foundation on land owned by the member. Rebates are limited to eligible services (homes, lake homes, shops, barns, commercial buildings, etc) that purchase more than 6,000 kilowatt-hours of electricity from the cooperative on an annual basis.
- Equipment must be new and ENERGY STAR rated.
- The cooperative reserves the right to complete an on-site inspection of the charger after installation.
- Electric vehicle charging stations that receive rebates may be subject to cooperative load control programs. The participant agrees to allow the cooperative to control the timing of their charging equipment now or in the future.
- Recipients of rebates may be requested to participate in a future survey by phone or e-mail.
- Owner must provide proof of purchase within 90 days and attach this form.
Incentive Information
• Limit of two rebates per member location.
• Attach additional applications for more units.
• The application must include all the requested information.
• Please allow 6-8 weeks for rebate processing. Please keep a copy for your records.
• INCOMPLETE APPLICATIONS WILL NOT BE PROCESSED AND WILL BE RETURNED.
• Attach additional applications for more units.
• The application must include all the requested information.
• Please allow 6-8 weeks for rebate processing. Please keep a copy for your records.
• INCOMPLETE APPLICATIONS WILL NOT BE PROCESSED AND WILL BE RETURNED.
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
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
Consider Installing a Level 2 (240V) Electric Vehicle Charger
Level 2 electric vehicle supply equipment (EVSE) provides charging through a 240 V AC plug. Level 2 adds about 10 to 60 miles of range to a vehicle per hour of charging time, making it far more convenient than standard 120 V AC charging, which adds about 2 to 5 miles per hour of charging. Additionally, level 2 charging is a more energy-efficient method of charging, as most EV have on-board components that require additional electricity the entire time the EV is plugged in.
- 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.