EV Incentives & Ways to Save
There are lots of ways to save on the purchase or lease of your next EV. From your utility to tax rebate programs, click through the menu to learn just how much you can save!
The New York State Drive Clean Rebate is open to all car buyers in New York State. It is a point-of-sale rebate towards the purchase or lease of a new electric car. Rebate amounts of up to $2,000 are awarded based on the all-electric range of a vehicle. Can be combined with the Federal EV/PHEV Tax Credit.
All-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500.The availability of the credit will depend on several factors, including the vehicle's MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI). This tax credit an be combined with the New York State Drive Clean Rebate. Please refer to AFDC for more information and to claim credit, use Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit.
Get a credit of up to $4,000 for used vehicles purchased from a dealer for $25,000 or less! The amount equals 30% of purchased price, with a maximum credit of $4,000.
Note: Vehicle must be purchased from a dealer, have a sale price of $25,000 or less, and must have a model year two years prior to the current calendar year. Other requirements apply.
Note: Vehicle must be purchased from a dealer, have a sale price of $25,000 or less, and must have a model year two years prior to the current calendar year. Other requirements apply.
The IRS gives eligible plug-in electric drive vehicles a tax credit up to $2500 and if it meets additional requirements, tax credit can be rewarded up to $7500. A list of qualified electric vehicles include passenger vehicles and light trucks: Qualified Plug-in Electric Drive Motor Vehicle Credit form.
The IRS gives eligible qualified fuel cell motor vehicles a tax credit up to $8000. Tax credits are also available for medium and heavy duty fuel cell vehicles. The Alternative Motor Vehicle Credit form has further instructions on how to claim for tax credit.
The Green Pass Discount Plan offers a special 10% discount to eligible Plug-In Electric and Plug-In Hybrid Electric vehicles. To be eligible, customers must first have an established E-ZPass account with NYSTA, and, proof of vehicle registration is required to receive the special 10% discount off of the E-ZPass rate.
The Clean Pass Program allows eligible plug-in EVs to use the Long Island Expressway HOV lanes, regardless of how many people are in the vehicle. Vehicles must display a Clean Pass vehicle sticker that is available from the New York State DMV.
In New York State, battery electric vehicles are exempt from state motor vehicle emissions inspections.
We can support your workplace charging project from idea to implementation with our technical, planning, installation, and incentive program expertise. Mission Electric is working with CALSTART to engage businesses and employees who are interested in exploring the benefits of electric vehicles (EVs) and EV charging infrastructure (EVSE) in the workplace. Contact us today!
NYSERDA seeks proposals to develop Direct Current Fast Charging (DCFC) Electric Vehicle Supply Equipment (EVSE) along Alternative Fuel Corridors (AFCs) in New York State south of I-84 using up to $28.5 million of the federal formula funding under the National Electric Vehicle Infrastructure (NEVI) program. This program is intended to reduce the cost of purchasing and installing DCFC EVSE for use in New York State and ultimately accelerate electric vehicle (EV) adoption.
Charge Ready NY 2.0 offers public and private organizations that install Level 2 EV charging stations at public parking facilities, workplaces, and multifamily apartment buildings rebates of $4,000 per charging port installed at a public facility (must be located within a DAC) and $2,000 per charging port installed at a workplace or multi-unit dwelling location. Visit the website to get started.
You or your business is entitled to a property credit for investments in new electric vehicle recharging property. The credit for each installation is equal to the lesser of $5,000 or 50% of the cost of property.
The Alternative Fuel Vehicle Refueling Property Credit from the IRS gives eligible US businesses and residents 30% off their entire EV charging hardware purchase (up to $30,000). Credit extends back to purchases made in 2018-2019.
Residential and Non-Residental Programs
Source: NYS Department of Public Service
Con Edison
If you own or lease an electric vehicle and charge it within the Con Edison service territory, SmartCharge New York pays drivers cash rewards to charge their EVs at off-peak times of day when demand for electricity is at its lowest. Charging off-peak helps reduce stress on the energy grid, making service more reliable for everyone. With SmartCharge New York, EV drivers can earn up to $1,000 annually! Click here to learn more and see how much you can earn.
Con Edison offers residential customers who drive plug-in electric vehicles (EVs) two time of use (TOU) rate options that reduce the price of electricity delivery during off-peak hours: a whole-house TOU rate with a one-year price guarantee and an EV-only TOU rate. EV owners on these TOU rates also receive a lower monthly customer charge if they annually provide Con Edison a copy of their EV registration. Learn more by visiting Con Edison’s electric vehicle website.
PSEG
On the standard Time-of-Day Off-Peak Rate, you can save money by charging your electric vehicle during lower-cost off-peak hours: before 3 PM and after 7 PM Monday to Friday and all day weekends and federal holidays. Visit the PSEG Long Island Smart Charge website for more information.
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Central Hudson
An electric vehicle time of use rate that provides lower electricity rates during off-peak hours.
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The EV ChargeSmart Program saves drivers money by offering financial incentives for EV charging at certain times of day. Enroll your EV or home charger and Central Hudson collects charging data to calculate your incentives. You will receive a $25 incentive just for enrolling. After that you will earn quarterly participation incentives based on your off-peak charging habits.
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O&R
Orange & Rockland is offering EV customers a way to automatically charge when it’s least expensive through a personalized smart schedule designed to provide the cleanest charge at the lowest cost.
National Grid
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This plan provides financial savings to charge your EV easily and smartly within the convenience of your home through a smartphone app during off-peak hours, 11:00 pm to 7:00 am daily (including weekends and holidays), when there is less strain on the grid and energy costs are lower.
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NYSEG
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OptimizEV is a smart charging incentive program available to NYSEG residential customers who own or lease an EV with an L2 home charger. By participating in OptimizEV, you’ll earn incentives and help to create a more sustainable future, simply by adopting a smart EV charging routine that shifts the bulk of your charging to off-peak times to help balance the electrical grid and drive down energy costs.
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RG&E
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OptimizEV is a smart charging incentive program available to NYSEG residential customers who own or lease an EV with an L2 home charger. By participating in OptimizEV, you’ll earn incentives and help to create a more sustainable future, simply by adopting a smart EV charging routine that shifts the bulk of your charging to off-peak times to help balance the electrical grid and drive down energy costs.
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Con Edison
You may be eligible for incentives that can lower the costs of preparing your site for micromobility chargers and receiving electric service from our energy grid.
Apply for incentives that can help offset electric infrastructure costs associated with installing light-duty chargers for electric vehicles.
See if you qualify for incentives to cover a portion of costs for installing Medium- Heavy-Duty (MHD) vehicle charging infrastructure.
National Grid
National Grid will fund up to 100% of the electric infrastructure for approved projects. This includes workplace, multi-unit building, retail store, and public destination charging.
O&R
You may be eligible for incentives when you install level 2 and/or direct current fast charging chargers for light-duty vehicles. These incentives can lower infrastructure costs associated with preparing your site for electric vehicle chargers and receiving electric service from our grid.
Earn cash with eligible commercial EV charging stations for off-peak charging. Eligible chargers include those for public spaces, workplaces, multifamily dwellings and industrial locations as well as light, medium and heavy-duty fleet vehicles.
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NYSEG
NYSEG's Demand Charge Rebate Program provides eligible commercial EV charging customers up to a 50 percent rebate on their billed demand charges
The Medium and Heavy Duty Fleet Make-Ready Pilot Program is available to fleet operators and provides incentives of up to 90% of utility side make-ready costs for the installation of necessary charging infrastructure.
Businesses can install electric vehicle (EV) charging stations with up to 100 percent reimbursement of costs for the electrical improvements needed to support EV charging
PSEG
Qualified PSEG Long Island customers can receive a $200 rebate off a qualified Level 2 EV charger. Customers located in Disadvantaged Communities (DAC), or those on our Household Assistance Program, can receive an additional $100 – totaling $300 in rebates.
PSEG provides incentives for the infrastructure needed to power Level 2 and DCFC across Long Island.
On the standard Time-of-Day Off-Peak Rate, you can save money by charging your electric vehicle during lower-cost off-peak hours: before 3 PM and after 7 PM Monday to Friday and all day weekends and federal holidays.
RG&E
The Medium and Heavy Duty Fleet Make-Ready Pilot Program is available to fleet operators and provides incentives of up to 90% of utility side make-ready costs for the installation of necessary charging infrastructure.
Businesses can install electric vehicle (EV) charging stations with up to 100 percent reimbursement of costs for the electrical improvements needed to support EV charging.
Central Hudson
The Electric Vehicle (EV) Make Ready Program is available to Central Hudson commercial customers to help offset the upfront costs of building charging stations for light-duty or medium/heavy-duty EVs. Through this program, entities seeking to install or participate in the installation of Level 2 (L2) and/or Direct Current Fast Charging (DCFC) chargers can earn incentives that will offset a large portion of, or in some cases, all infrastructure costs associated with preparing a site for EV charger installation.
Central Hudson’s Demand Charge Rebate Program will support commercial customers to reduce their operating costs of EV Chargers by providing an incentive against demand charge costs of hosting an electric vehicle charging station. Eligible customers could save up to 50% on traditional demand charges on their monthly bill by participating in the program
