New Hampshire EV Tax Credit Information

Although there aren’t any statewide incentives to purchase an EV in New Hampshire, there could also be different benefits and packages for residents who want to dwell a extra EV-friendly life-style. Right here’s what that you must know.

As incentive packages shift over time, it’s essential that you simply analysis the present incentives before you purchase, or seek the advice of a tax specialist, to make sure you qualify for a rebate or tax credit score. The data on this article was present as of its publication date.

Although there are not any statewide packages for brand spanking new EV purchases, some utility firms might provide incentives. For instance, New Hampshire Electrical Co-op presently presents its clients a rebate of $1,000 for the acquisition or lease of a brand new electrical car, $600 for the acquisition or lease of a brand new plug-in hybrid electrical car and $300 for the acquisition or lease of a brand new electrical bike. Eligible automobiles should be bought or leased between January 1 and December 31, 2023.

Although there are not any statewide packages for used EV purchases, some utility firms might provide incentives. For instance, New Hampshire Electrical Co-op presently presents its clients a rebate of $1,000 for the acquisition or lease of a used electrical car, $600 for the acquisition or lease of a used plug-in hybrid electrical car and $300 for the acquisition or lease of a used electrical bike. Eligible automobiles should be bought or leased between January 1 and December 31, 2023.

There are not any statewide incentives for dwelling charging stations, although some utility firms might provide rebates or credit for the set up of a residential charging station and particular TOU (time-of-use) charges for EV charging.

Sure. Residents of New Hampshire with residential photo voltaic programs are eligible for the Residential Small Renewable Vitality Rebate Program, which offers a rebate of $0.20 per watt (or $200 per kilowatt) of photo voltaic set up, with a restrict of $1,000 or 30 p.c of the entire photo voltaic vitality system value, whichever is much less. New Hampshire additionally permits cities and cities to supply a property tax exemption for the worth of a photo voltaic system, although that might not be common throughout the state.

Sure. As of late 2023, New Hampshire assesses charges of $100 for EVs and $50 for plug-in hybrids, along with the usual registration charges.

Residents of New Hampshire who buy an EV may additionally qualify for the Federal Electrical Automobile Tax Credit score of as much as $7,500. New Hampshire residents also needs to verify with their native electrical utilities for any extra credit or incentives.