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Electric Vehicle Offers & Information

MVEA Electric Vehicle Charging Equipment Rebate Program

MVEA Electric Vehicle Charging Equipment Rebate Program logo

MVEA has a rebate to help develop electric vehicle charging infrastructure in our service territory.

  • See rebate details below
  • See application for additional details

Incentive Information

1.    Level 2 (without retail or fee collection ability): 50% of total equipment and installation costs up to $500 for non-managed chargers. Limit two chargers per member account for residential use.

2.    Level 2/L2 and Direct Current Fast Charger/DCFC (with retail or fee collection capability): L2 chargers must be accessible to the general public. Private installations do not qualify for rebate.

3.    Direct Current Fast Charger / DCFC only available for publicly accessible installations: 50% of total equipment and installation costs up to $1000 for L2. 50% of total equipment and installation costs up to $3000 for DCFC rated between 50–75 kW. 50% of total equipment and installation costs up to $5000 for DCFC rated between 76–149 kW. 50% of total equipment and installation costs up to $7500 for DCFC rated 150 kW & above.

Electric Vehicle Federal Tax Credit up to $7,500

Electric Vehicle Federal Tax Credit up to $7,500 logo

A federal income tax credit up to $7,500 is available for the purchase of a qualifying EV. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's battery capacity and the gross vehicle weight rating. Your eligibility for income tax credits depends on your personal tax situation. We recommend speaking with a tax professional for guidance.

The credit begins to phase out for each vehicle manufacturer once they have sold 200,000 eligible electric vehicles in the United States (as counted from January 1, 2010). The IRS will announce when a manufacturer exceeds this production volume and will announce the subsequent phase-out schedule on the IRS website.

  • Consult your tax adviser to make sure you qualify
  • Max tax credit $7,500
  • Restrictions apply, subject to change without notice
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Incentive Information

Electric Vehicle Federal Tax Incentive up to $7,500

EV Charging Equipment Federal Tax Credit up to $1,000 [Expired]

EV Charging Equipment Federal Tax Credit up to $1,000 [Expired] logo

Consumers who purchase qualified residential charging equipment prior to December 31, 2021, may receive a tax credit of 30% of the cost, up to $1,000. Permitting and inspection fees are not included in covered expenses.

NOTE: This incentive originally expired on December 31, 2016, but was retroactively extended through December 31, 2020, by Public Law 116-94. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended the alternative fuel vehicle refueling property credit to cover refueling property placed in service in 2021.

  • Consult a tax professional to see if your installation qualifies
  • Visit IRS website for additional information
  • We're providing this information for those who may still be filing 2021 taxes
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Incentive Information

Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.

State of Colorado EV Tax Credit

State of Colorado EV Tax Credit logo

Tax credits are available in Colorado for the purchase, lease and conversion of light, medium and heavy duty electric vehicles (EV). These credits were simplified effective Jan. 1, 2017. No credit is allowed for the purchase or lease of a used vehicle made on or after Jan. 1, 2017.

Questions about EV tax credits? Contact the Colorado Department of Revenue at 303-238-7378

  • Restrictions apply
  • Consult a tax professional to determine if you qualify
  • Visit Colorado Energy Office website for details
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Incentive Information

Light-duty EV or PHEV
2019: $5,000 for purchase or conversion; $2,500 for lease
2020: $4,000 for purchase or conversion; $2,000 for lease
2023: $2,500 for purchase or conversion; $1,500 for lease
2026: $2,000 for purchase or conversion; $1,500 for lease