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Last Updated July 3, 2023

Program Overview

Category:

Financial Incentive

State:

Vermont

Incentive Type:

Rebate Program

Administrator:

Vermont Electric Cooperative

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://vermontelectric.coop/energy-transformation-programs

Applicable Sectors:

Commercial, Residential, Cooperative Utilities, Commercial, Residential, Cooperative Utilities

Eligible Renewable/Other Technologies:

Passenger Electric Vehicles, Plug-in Electric Hybrid Vehicles

Summary

Vermont Electric Cooperative Electric Vehicle Bill Credit

Both All Electric Vehicles (AEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) offer opportunities to reduce carbon emissions, and the technology continues to improve with better range and cold-weather performance. Is an electric vehicle right for you? Click here to learn more from Drive Electric Vermont. To get the bill credit, complete and submit this form.

VEC offers the following bill credits for the purchase or lease of new or used AEVs or PHEVs:

  • $500 - All Electric Vehicle Purchase
  • $250 - Plug-in Hybrid Electric Vehicle Purchase
  • $100/year - All Electric Vehicle Lease
  • $50/year - Plug-in Hybrid Electric Vehicle Lease

The State of Vermont is also offering an incentive for the purchase of AEVs and PHEVs. The incentives are available to individuals with an annual household income of $92,700 or less in Chittenden Franklin, and Grande Isle Counties, $80,900 in Addison County, and $80,200 in all other VT Counties. If you qualify for the higher state incentive, you will receive an additional $250 for your VEC incentive. Details are here.