Save on Gas, Help Save Our Environment, and Save on Your Taxes, Too!

Did you know that Alternative Fuel Vehicles (AFVs) like full Electric (EVs) and Plug-In Hybrids (PHEVs) not only help you save on gas, but can also help you save money in other ways? Programs from the federal and PA state governments, as well as private utility companies, could allow you to:

• Claim a credit of up to $7500 on your federal tax return after purchasing a new qualifying EV or PHEV (up to $4000 for a qualifying pre-owned EV/PHEV).
• Get rebates up to $2000 from The PA DEP AFV Program (offered to assist residents with the cost of purchasing or leasing a new or qualifying pre-owned Alternative Fuel Vehicle (AFV)).
• Get $50 rebates from PECO's EVsmart Program (available to residential customers who purchase a new, qualified EV).

To learn more, click here for details on qualifying vehicles and resident eligibility.

This is the first in a series of informational tips regarding current incentives for sustainable practices.