2023 Tesla Model Y Review

The Department of Energy and Environmental Protection through the Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) program offers $5,000 under Rebate+ Used to income qualifying applicants who purchase or lease a used eligible battery electric vehicle from a participating Connecticut franchised used automobile dealer or an original equipment manufacturer. Eligible applicants with a pre-qualification voucher may receive this incentive at point-of-sale through participating dealers, or apply for a consumer-direct rebate after purchase or lease of eligible vehicles.

• Applicants must meet one of the following criteria:
  • Reside in an Environmental Justice (EJ) Community or Distressed Municipality.
  • Participate in a qualifying state or federal income qualifying program.
  • Have an income level less than 300% of the Federal Poverty Level.
• Original MSRP of vehicle, when it was new, is not to exceed $50,000.
• Must be a Connecticut resident. Active-duty military members stationed in Connecticut will be eligible to apply.
• Must retain ownership for a minimum of 24 consecutive months immediately after the vehicle purchase or lease date.
• Leased vehicles must have a lease term of at least 24 months.
• Vehicle must be registered with the Connecticut DMV for a minimum of 24 consecutive months.
• Applicants are limited to one CHEAPR rebate every 24 months and two per lifetime.

To learn more, visit https://portal.ct.gov/DEEP/Air/Mobile-Sources/CHEAPR/CHEAPR---Home

Under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Used Clean Vehicle Tax Credit equal to 30% of the sale price up to a maximum credit of $4,000 for the purchase of a used plug-in electric or hydrogen fuel cell vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. Not every version of the vehicle models will necessarily qualify. Please check with the dealer/seller to determine the eligibility of your specific vehicle.

For the vehicle to qualify:

• Price cannot exceed $25,000.
• Need to verify the Vehicle Identification Number (VIN).
• Must be at least two model years older than the current calendar year in which the vehicle was purchased.
• Must be sold through a dealership, private sales not permitted.
• Not have already been transferred after August 16, 2022, to a qualified buyer.

For individuals to qualify:

• Must meet income eligibility, depending on modified adjusted gross income (AGI) and tax filing status.
• Must not be the first owner of the qualifying vehicle.
• Has not been allowed a credit under this section for any sale during the 3-year period ending on the date of the sale of such vehicle.
• Purchased for personal use, not a business, corporation or for resale.

To learn more, visit https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

To qualify for this rebate, the customer and/or charging station must meet the following requirements:

• Receive electricity from Eversource.
• Have an electric or plug-in hybrid vehicle.
• Your charger is/will be connected to Wi-Fi.

To learn more, visit https://treehouse.pro/edmundsdiscount/