Hybrid-Vehicle Rebates


Due to America's quest for alternative energy to break its dependence on foreign oil, hybrid vehicles are hot button items. 

The Energy Policy Act of 2005 provides a credit for taxpayers who purchased certain energy efficient vehicles between December 31, 2005 and December 31, 2010.

Rebates

  • Federal: up to $2,000 depending on the year of purchase.
  • Colorado: up to $4,310 depending on the model purchased.
  • Connecticut: hybrid-electric vehicles are exempt from sales tax.
  • Maine: up to $500 depending on the model purchased.
  • Louisiana: up to $1,500 or a state tax credit of two percent of the total cost of the vehicle.
  • New York: a tax credit of $2,000.
  • Oregon: a residential tax credit up to $1,500.c

References

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