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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.

UPDATE: Electric Vehicle Federal Tax Credit up to $7,500

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

The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles (section 30D). These changes will phase in over time. Effective immediately after enactment of the Inflation Reduction Act (after August 16, 2022), the tax credit is only available for qualifying electric vehicles for which final assembly occurred in North America. Further changes to the eligibility rules will begin in 2023.

Overall, the reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years. However, the only change to the electric vehicle credit that takes effect immediately after the President signs the Inflation Reduction Act into law is the North America final assembly requirement.

Separately, starting in 2023, the Inflation Reduction Act also establishes tax credits for pre-owned clean vehicles (section 25E) and for commercial clean vehicles (section 45W). Treasury and the Internal Revenue Service will release more information on all the clean vehicle credits in the coming months.

source: U.S. DEPARTMENT OF THE TREASURY, August 16, 2022

  • 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

UPDATE: EV Charging Equipment Federal Tax Credit up to $1,000

UPDATE: EV Charging Equipment Federal Tax Credit up to $1,000 logo

Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.

  • Consult a tax professional to see if your installation qualifies
  • Visit IRS website for additional information
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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