Are you a Floridian and have been looking at converting your Prius into a plug-in (PHEV)? Well, today may be your lucky day, especially if you live in South Florida. The Department of Energy has approved the state of Florida's plan to use $500,000 of federal stimulus funds to offer 100 people a $5,000 tax credit in exchange for converting their Prius.
Florida is the first state to offer a tax credit toward a PHEV conversion using stimulus package funds. The main catch is that all conversions will have to be completed in West Palm Beach at Foreign Affairs Auto. Foreign Affairs Auto is the only dealer in the state of Florida installing the federally approved conversion kit.
Converting a hybrid into an electric plug-in costs $10,395, said Jonathan Ortiz, business development director for Foreign Affairs Auto. The state's rebate, plus a $1,000 federal tax credit, will cut that price in half.
"The people I anticipate taking advantage of this are the ones who have really been wanting to do this but didn't want to make the $10,000 investment," Ortiz said. "This will make them come off the fence."
Source: South Florida Sun-Sentinel
