Electric Vehicle Incentives

There are valuable federal, state, and utility incentives* that can help you pay for your electric vehicle and home charging. From the ITC credits you’ll receive for the purchase of an EV, solar, and storage to local state and utility rebates, now is a great time to use sustainable energy for your home and car!

Federal Investment Tax Credit

Electric Vehicle Chargers do will qualify for ITC credits when combined with a home residential solar system or storage installation. Make sure to include all your energy efficiency upgrades as part of your Mirasol Solar contract to receive the greatest value.

Local Utility Incentives

Florida does not have a statewide program to provide incentives for installing a home charging station, but some of the state’s utility companies offer incentives. The Kissimmee Utility Authority offers rebates of $100 for the purchase and installation of a home EV charging station. The Jacksonville Electric Authority offers customers with residential Level 2 EV charging stations an incentive of up to $7 per month to encourage charging during off-peak hours. Florida residents should also check with their local electric utility companies for any additional credits or incentives.

Infographic showing the current ITC (Investment Tax Credit) rates for solar energy: 30% from 2023-2032, 26% in 2033, and 22% in 2034. It includes icons for a solar system, battery storage, and an EV charger, with a note to combine all three for the best ITC benefit and a reminder to check with a tax professional or IRS.gov for details.
Manufacturers Discounts

For vehicles placed in service on or after April 18, 2023, the credit amount will depend on the vehicle meeting the critical minerals requirement ($3,750) and/or the battery components requirement ($3,750). A vehicle meeting neither requirement will not be eligible for a credit, a vehicle meeting only one requirement may be eligible for a $3,750 credit; and a vehicle meeting both requirements may be eligible for the full $7,500 credit.

For vehicles placed in service before or on April 17, 2023, the credit is calculated as a $2,500 base amount plus, for a vehicle that draws propulsion energy from a battery with at least 7 kilowatt hours of capacity, $417, plus an additional $417 for each kilowatt hour of battery capacity in excess of 5 kilowatt hours, up to an additional $5,000 beyond the base amount. In general, the minimum credit amount will be $3,751 ($2,500 + 3 * $417), representing the credit amount for a vehicle with the required minimum of 7 kilowatt hours of battery capacity. Learn more.

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. Learn more.

For vehicles purchased in 2022 or before, credit eligibility was determined under different criteria.

*Ask your representative about which incentive you’re eligible to receive. Please consult a tax advisor on your ability to claim these nonrefundable tax credits.