Electric Vehicle Offers & Information
Electric Vehicle Credit
Members who acquire an electric vehicle may be eligible for a $30 monthly bill credit for 12 months. The credit should offset the average annual fuel cost for your electric vehicle for the first year. The electric vehicle must be purchased or leased after February 1, 2021, and an invoice for the sale/lease is required. The fuel credit is limited to one per member.
Rebate programs may end or change at any time. All programs are subject to verification from SSEMC. For more details and to find out if you qualify, call 770-786-3484.
Rebate programs may end or change at any time. All programs are subject to verification from SSEMC. For more details and to find out if you qualify, call 770-786-3484.
Electric Vehicle Charging Station Rebate
Members may also be eligible for a $250 rebate to offset the cost of purchasing and installing an electric vehicle charging station. The charging station must be installed on a dedicated circuit in a home serviced by Snapping Shoals EMC. Invoices and a site visit to verify installation are also required. Charging station adapters do not qualify for this rebate.
Rebate programs may end or change at any time. All programs are subject to verification from SSEMC. For more details and to find out if you qualify, call 770-786-3484.
Rebate programs may end or change at any time. All programs are subject to verification from SSEMC. For more details and to find out if you qualify, call 770-786-3484.
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
Federal Tax Credit for EV Charging Equipment up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.
Consider Installing a Level 2 (240V) Electric Vehicle Charger
Level 2 electric vehicle supply equipment (EVSE) provides charging through a 240 V AC plug. Level 2 adds about 10 to 60 miles of range to a vehicle per hour of charging time, making it far more convenient than standard 120 V AC charging, which adds about 2 to 5 miles per hour of charging. Additionally, level 2 charging is a more energy-efficient method of charging, as most EV have on-board components that require additional electricity the entire time the EV is plugged in.
- Level 2 chargers are four to six times faster than using a standard home outlet.
- More efficient charging than standard outlet (120V) charging.
- Many units come with additional controls, such as timers and wifi connectivity.