You may be eligible for federal or state rebates when you purchase an electric vehicle and/or install an electric charging station at your home or business. Here you will find a brief explanation about the requirements for rebates available in the state of Illinois. You will also find links with more detailed information and where to get the application.
Right now you can save a possible $11,500 on the purchase of a new EV and up to $3,000 dollars on a home charging station. This means you have a chance to save up to a total of $14,500.
Federal government has a tax credit up to $7,500 dollars off the purchase of an electric vehicle. The credit will start to diminish after the manufacturer produces 200, 000 eligible vehicles. The IRS will announce when a manufacturer exceeds this production figure and will announce the subsequent phase out schedule. More information about the requirements and phase out schedule can be found at the link above, or a friendlier version can be found at fueleconomy.com with links to the IRS webpages available.
The EPA has a rebate program for the purchase of an electric vehicle for up to $4,000.
The DCEO has a rebate available for level 2 EV charging stations that can cover 50% of the cost of equipment purchase and installation (labor and materials) up to the following caps:
For a definition of networked and dual units, please refer to the application packet.