As the popularity of electric vehicles continues to increase, traditional car dealers are suffering. Tesla offers a solution: instead of buying cars from them directly, owners can sell their old gas-powered ones in order to buy one or two Teslas with cash back incentives and zero down payments. The company has already started paying out $1 billion per month on this deal!
The “cheapest states to buy tesla” is a list of every state that will pay you to buy a Tesla. The states range from $5,000-$10,000.
The majority of individuals assume that a Tesla is out of their financial reach. The brand is undoubtedly in the aspirational bracket for many individuals, with costs beginning at $35,000 and reaching up to $124,000. Many governments, however, provide rebates and other incentives to encourage people to purchase electric cars, or EVs. Green automobiles that operate on alternative fuels, as well as household utilities, are eligible for a 26 percent income tax credit from the federal government. To put it another way, several states will compensate you for purchasing a Tesla.
What states will give you money if you purchase a Tesla?
Some jurisdictions even pay you a bonus if you buy a vehicle that has solar panels and energy storage. Whether you’re in the market for a new vehicle and want to go green, see if your state provides any rebates for purchasing an electric or alternative fuel vehicle. Discounts and rebates are subject to change without notice.
Arizona
Electric car drivers in Arizona will pay a lower vehicle licensing fee and have access to carpool lanes. For example, you may obtain up to $1,000 in state tax credits for installing solar panels if you go green in your house. Installing electric vehicle supply equipment, or EVSE, in your home or housing unit may also earn you a $75 tax credit. Having an electric vehicle charging station at home is the most popular example.
California
California offers incentives ranging from $2,000 to $4,500 for Tesla Model 3 and Model Y purchases, depending on your income. Anyone who registers a new electric car in California is eligible for a $1,500 California Clean Fuel Reward.
Rebates for plug-in hybrids and zero-emission light-duty vehicles are also available in California. Purchase or lease of American Expedition Cars, or AEVs, as well as plug-in hybrid electric vehicles, or PHEVs, are eligible for the subsidies. Electric cars that use batteries or fuel cells are also qualified.
You can earn $5,000 in rebates if you buy a qualifying automobile by March 28, 2016. The reimbursement will be calculated based on your yearly income after that date. Residents of the San Joaquin Valley may obtain up to $3,000 in EV refunds via the Alternative Fuel and Advanced Vehicle Rebate.
Anyone who buys or installs solar utilities in California may be eligible for further benefits under the California Self-Generation Incentive Program (SGIP). Tesla’s Powerwall is one example.
Colorado
Colorado gives a $4,000 tax credit for buying a new electric vehicle and a $2,000 credit for leasing one. You may also be eligible for a $5,000 tax credit if you purchase or convert an electric vehicle, or a $2,500 credit if you lease a light-duty EV or PHEV.
Select solar utility in Colorado may also take advantage of a variety of incentives.
Connecticut
A $1,500 refund is available in Connecticut for new electric cars that cost less than $42,000. There are additional discounts depending on battery capacity for electric or hybrid cars. A $3,000 incentive is available for batteries with a capacity of more than 18kWh, $1,500 for batteries with a capacity of 10kWh to 18kWh, and $750 for batteries with a capacity of less than 10kWh.
You may also acquire state emissions test exemptions and a lower car registration charge. You may earn a discount of up to $300 per kW PTC from several solar utilities.
Delaware
Delaware offers a $2,500 incentive for new electric vehicles that cost less than $60,000, as well as a $500 credit for installing a home charging station. The Electric Vehicle Supply Equipment (EVSE) Rebates program may pay up to half of the cost of setting up a residential charging station and up to 75% of the cost of setting up a business charging station.
Solar incentives are also available from the state for some utilities.
Florida
Depending on their qualifications, Florida residents and business owners may be eligible for financial aid to establish a home charging station.
Georgia
Georgia’s Electric Vehicle Supply Equipment (EVSE) Tax Credit provides a tax credit to companies who purchase or lease electric or hybrid cars.
Hawaii
If you purchase an electric vehicle in Hawaii, you’ll get special carpool lane access and a discounted EV charging cost. Solar utilities may also qualify for a tax credit of either 35 percent of the system cost or $5,000 per 5 kilowatt, whichever is less.
Idaho
Anyone buying or leasing an electric car in Idaho is eligible for a statutory exemption from vehicle inspection. Other savings may be available via the company’s car maintenance program.
Illinois
Electric vehicles in Illinois are eligible for exemptions from state emissions testing as well as lower registration costs. You may obtain half of the cost of installing car charging equipment at your house via the Electric Vehicle Supply Equipment (EVSE) Rebates.
For certain green utilities and energy conservation initiatives, you may also earn Solar Renewable Energy Credits (SREC). Additional savings may be obtained by exchanging the credits. On the cash or loan price of solar panels, you may obtain a $1,000 discount per kilowatt. You may get $860 per kilowatt on the cash or loan price of a solar roof if you invest in one.
Louisiana
A $2,500 income tax credit is available in Louisiana for purchasing or leasing a hybrid or electric vehicle.
Maine
Residents of Maine may be eligible for a $2,000 subsidy on new electric cars costing less than $50,000.
Maryland
When you convert to an electric vehicle in Maryland, you’ll have access to hybrid and electric lanes as well as an exemption from emissions testing. Additional tax credits of up to $3,000 are available when purchasing a plug-in electric vehicle. A $700 reimbursement is also available on wall connections and charging station installation.
For solar energy and utilities, the state offers a $1,000 incentive per system.
Massachusetts
Residents of Massachusetts are eligible for a $2,500 refund on new autos that cost less than $50,000. Solar energy may earn you up to $1,000 in state tax credits. The state also provides a number of incentives for adopting solar energy including the Tesla Powerwall.
Montana
If you convert your car to an alternative fuel source, such as electric, Montana will grant you a tax credit of up to half the cost of equipment and labor.
Nevada
Residents of Nevada may charge their electric cars at a discounted cost. You may also obtain free alternative fuel car parking and a state-mandated emissions test exemption.
New Jersey is a state in the United States.
New Jersey offers incentives of up to $5,000 for purchasing or leasing a new alternative fuel vehicle for less than $55,000. If you purchased the automobile in New Jersey, you’ll also be eligible for a sales tax exemption.
Solar utilities may save you up to $720 per kilowatt on solar panel installation or $600 on a solar roof.
New York
New York provides a $500 incentive for new cars with a base price of more than $60,000 and a $2,000 rebate for those with a base price of less than $60,000. You’ll also be free from the state’s obligation for emissions testing.
You may obtain up to $350 per kilowatt in rebates and up to $5,000 in state tax credits if you utilize solar energy or solar utilities.
North Carolina is a state in the United States.
Electric and alternative fuel cars are eligible for a state emissions exemption and carpool lane access in North Carolina.
Oregon
For the purchase or leasing of new or used Tesla automobiles in Oregon, a $2,500 incentive is available. Any alternative fuel infrastructure project, including the construction of an electric charging station, is eligible for a 25% tax credit.
You may also get a $300 per kilowatt refund up to $2,400 if you use solar energy and utilities.
Pennsylvania
Residents of Pennsylvania may get a refund for all-electric and plug-in hybrid vehicles. The incentives are determined by the vehicle’s energy efficiency.
Rhode Island is a state in the United States.
Alternative fuel vehicle owners in Rhode Island are free from state emission testing regulations. You’ll also be able to save up to $100 per kilowatt on solar panels and $80 per kilowatt on a solar roof if you pay cash or take out a loan.
Texas
Texas offers qualifying people $2,500 vehicle replacement vouchers toward the purchase of a hybrid or battery-electric vehicle.
Utah
A tax credit for heavy-duty electric cars is available in Utah, with a cap of $15,000 this year. At least half of the car’s miles must be travelled in the state to qualify.
Vermont
When you purchase or lease an electric vehicle for less than $40,000 in Vermont, you might get a refund depending on your income. The rebate amount is capped at $5,000.
You may obtain a 2 cent per kilowatt hour incentive if you utilize solar equipment or solar electricity for ten years.
Washington
Vehicles costing up to $32,000 in Washington are exempt from paying sales tax.
Washington, D.C. is the capital of the United States.
Alternative fuel cars are free from excise tax in Washington, D.C., and have a lower vehicle registration charge. You may also obtain a tax credit for half of the cost of installing a $1,000 home charging station.
Solar power users may save $930 per kilowatt on solar panels and $780 on a solar roof by using solar electricity.
Wisconsin
The Alternative Fuel Tax Refund for Taxis in Wisconsin enables cars that carry people to be compensated for the state fuel tax they paid. Refund requests must be submitted within one year of the date of purchase of the gasoline.
MediaFeed.org created and syndicated this story.
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Farley, Kaitlyn
MediaFeed’s writer/editor is Kaitlyn Farley. She is pursuing her master’s degree in journalism at Northwestern University, with a focus on social justice and investigative reporting. She has covered higher education, local politics, natural catastrophes, and investigative and watchdog topics pertaining to Title IX and transparency problems at several radio stations and newsrooms.
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Tesla ownership by state is a map that shows the states where Tesla cars are most popular. It also includes information on how many Teslas were sold in each state. Reference: tesla ownership by state.
Frequently Asked Questions
Can you get paid for owning a Tesla?
A: No, you cannot get paid for owning a Tesla. Teslas are not an investment and they do not pay dividends or interest.
Does California pay you to have a Tesla?
A: No, I am not a Tesla.
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