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The Plug-In qualifies for a $2,500 federal tax credit and, in California, a $1,500 state rebate.
After the state rebate of $18,468 and the $2,000 federal tax credit, the system would cost $33,532.
The system will run $23,490 -- but with the state rebate, Mr. McCoy expects to pay just $9,556.
The Leaf is already eligible for a maximum $7,500 federal tax credit and a $2,500 state rebate, making the potential savings with the manufacturer's incentive substantial.
She also earned a $2,000 federal tax credit for the project, and a state rebate covered half the cost of her solar panels.
New incentives, like a state rebate -- only for those connected to the grid -- help provide for the installation of photovoltaic panels, small wind systems and fuel cells that operate on renewable fuels.
Similar(37)
That calculation does not include state rebates, which can sometimes improve the economics considerably.
Ms. Scott responded that "no incentive offered by either New York City or New York State rebates public funds to producers in New York".
Buyers of electric cars enjoy huge discounts, however, including federal and state rebates, and the opportunity to bypass gas stations altogether.
At that rate we'd recoup any investments within two years from lower electric bills -- or sooner still with utility and state rebates factored in.
It would cost about $25,000 to install, with a net cost of less than $10,000 for the homeowner after LIPA and state rebates.
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