Burlington Electric EV Financing Program
Burlington Electric Department has partnered with local credit unions to make EVs more affordable for the Burlington Community. The credit unions – Green Mountain Credit Union, Vermont Federal Credit Union, and VSECU – are offering low- and, under certain circumstances, no-interest loans and allowing Burlington Electric customers to apply their $600, $1,200, or $1,800 Burlington Electric EV incentives toward the purchase of EVs. Read more about this new program here.
Electric Bike Rebate Program for Burlington Electric Customers
Burlington Electric Department is offering its customers $200 off an electric bike or conversion kit at four Burlington bike retail shops. Bring your ID along with a piece of mail with your name and Burlington address to receive a $200 point-of-sale rebate on an e-bike or e-bike conversion kit at a participating retail shop. Find additional information here.
Vermont Electric Utility Electric Vehicle Incentives
Several electric utilities have launched rebate programs that support electric car ownership. Visit Drive Electric Vermont for an updated list of purchase incentives from Burlington Electric Department, Green Mountain Power, Vermont Electric Co-op, Vermont Public Power Supply Authority, and Washington Electric Co-op.
Plug-In Electric Drive Vehicle Credit (IRC 30D)
Internal Revenue Code Section 30D provides a federal tax credit for qualified plug-in electric drive vehicles including passenger vehicles and light trucks. For vehicles acquired after December 31, 2009, the credit starts at $2,500 and goes up to $7,500 based on the battery specs. To find out what the federal tax credit is by vehicle types available in Vermont, visit Drive Electric Vermont.
Title XVII Clean Energy Projects Loan Guarantee Program
The Title XVII innovative clean energy projects loan program (Title XVII) provides loan guarantees to accelerate the deployment of innovative clean energy technology, including electric vehicle (EV) charging facilities. Loan guarantees are made to qualified projects and applicants who apply for funding in response to open technology-specific solicitations.
VEDA Electric Vehicle Charging Station Loan Program
This program is funded through the State Infrastructure Bank (SIB), which is operated by the Vermont Economic Development Authority in conjunction with the Vermont Agency of Transportation and the Federal Highway Administration. Electric vehicle charging stations and natural gas refueling stations available for public use are eligible for SIB financing. For a more information and a loan application, click here.
Go! Vermont Community-Based Grants
Vermont-based communities are eligible to receive $500 in general operating support for promoting the Go! Vermont program of the Vermont Agency of Transportation. Vermont communities chosen for this round of Smart Commute will promote Go! Vermont as part of the Smart Commute program and thus be automatically eligible for the Go! Vermont small grant. While there is no match requirement, this is federal funding passed through the State and cannot be used as match for federal dollars. For more information on Go! Vermont Community-Based Grants, visit here.
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