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Federal and State Incentives for Plug-Ins, EV's

Discussion in 'Gen 1 Prius Plug-in 2012-2015' started by wjtracy, Sep 24, 2012.

  1. wjtracy

    wjtracy Senior Member

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    Chad- Good point we probably want to capture conversions to plug-in.
    >>Can you summarize your understanding of PiP incentives for Louisisana?

    Depsite my reputation as a Nor'easter, I actually was busted flat in Baton Rouge for 2 years. I really wasn't busted flat, but I would have been had I relocated any new cars to LA. As I recall Louisiana re-charged sales tax for vehicles moving into the state. Can you possibly imagine relo of a Volt or better yet a Teslsa Model S to LA @ 11% sales tax?
     
  2. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

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    The IRS web site Qualified Vehicles Acquired after 12-31-2009 is incorrect for Toyota.

    From Prius Team | PriusChat:

     
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  3. El Dobro

    El Dobro A Member

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    It probably wouldn't hurt to leave it alone and let the IRS to sort out their end.
     
  4. rockerdan

    rockerdan PiP Rocks!

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    From Toyota site...I used my local NY state zipcode, other state offers will vary.
    Qualified Teachers can receive up to $4,650 when leasing a new 2012 Prius Plug In!
    $1500 "Toyota Loves Teachers" Prius Plug In Lease Bonus Cash
    $3,150 Lease Bonus Cash
    Offer Ends 10/1/2012
    Offer only valid for teachers grades K through 12 that are certified in
    Connecticut, New York or New Jersey. Must present copy of valid teaching
    certificate issued from a State Board of Education to qualify. Payment to cover
    first month's lease payment only, up to $500. Leases on approved credit from
    Toyota Financial Services. Some restrictions may apply. $250 gift cards from
    Teacher Created Resources will be issued to the customer once the vehicle is
    delivered. Gift card can only be applied towards inventory available through
    Teacher Create Resources. Qualifying customers can expect to receive their
    electronic gift card via email within five business days from the date their
    information in entered by the dealer. See participating dealer for details. Offers
    end 10/1/12.
    --------------------------------------------------
    Lease a brand new 2012 Prius Plug-In for only $269 a month for 36
    months!
    $269.00 per month for 36 months
    $2399.00 due at signing
    Featuring a complimentary maintenance plan with roadside assistance.*
    Qualified teachers can receive up to $1500 "Toyota Loves Teachers" Prius Plug In
    Lease Bonus Cash
    Offer Ends 10/1/2012
    Lease a new 2012 Prius for $269 a month for 36 months with $2,399 due at
    signing, which includes $2,130 down, $269 first month's payment and $0 security
    deposit. Example based on model #1235. Base MSRP excluding freight is $32,000.
    Monthly payments of $269 total $9684. Capitalized cost of $32,544 based on down
    payment and dealer participation which may vary by dealer. Lease-end purchase
    option is $17,600. $350 disposition fee due at lease end unless customer
    purchases vehicle or decides to re-finance through Toyota Financial Services. Lease
    does not include taxes, license, title fees, acquisition fee of $650, insurance,
    regionally required equipment and other dealers’ charges are extra and not
    included in the amounts shown. Closed-end lease. Payment may vary depending
    upon final transaction price. Customer responsible for maintenance, excess wear
    and tear and $0.15 per mile over 12,000 miles per year. To qualified Tier I+
    customers through Toyota Financial Services. Must take retail delivery by 10/1/12.
    *Featured lease payment includes the application of $3,150 TFS Lease Bonus
    Cash. Customers must lease through Toyota Financial Services. Not all lessees will
    be approved. *Offer only valid for teachers grades K through 12 that are certified
    in Connecticut, New York or New Jersey. Must present copy of valid teaching
    certificate issued from a State Board of Education to qualify. Payment to cover first
    month's lease payment only, up to $500. Leases on approved credit from Toyota
    Financial Services. Some restrictions may apply. $250 gift cards from Teacher
    Created Resources will be issued to the customer once the vehicle is delivered. Gift
    card can only be applied towards inventory available through Teacher Create
    Resources. Qualifying customers can expect to receive their electronic gift card via
    email within five business days from the date their information in entered by the
    dealer. See participating dealer for details. Offers end 10/1/12. *Covers normal
    factory scheduled service for 2 years or 25K miles, whichever comes first. The new
    Toyota vehicle cannot be part of a rental or commercial fleet or a livery or taxi
    vehicle. See participating dealer for complete plan details.
     
  5. wjtracy

    wjtracy Senior Member

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    This sounds like a really great deal.
    We know some NY/NJ teachers, will try to get the word out.
     
  6. wjtracy

    wjtracy Senior Member

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    Hey I need more states.
    Can someone summarize CO or WV or GA PiP incentives?
    I want to next cover a state with max benefits, NJ being the state with minimum incentives.
    Common NJ - holy Mackeral let's do something besides comment on NFL refs, for Pete's Sake, how about a Prius PiP rebate? I can safely say this, as a former NJ concerned citizen activist.
     
  7. Plugin fan 100

    Plugin fan 100 New Member

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    Considering a new untitled plug in prius to replace my 2008 Prius.
    My understanding is that The 4.4 kwh battery in the prius does not capture the full available tax credit due to low battery size.
    Enginer now offers a range extender (8kwh) additional battery for the 2012 plug in Prius.
    My question is if I have the 8kwh additional battery added before initial vehicle registration and title, can I capture the additional tax credit for the added battery. ($417 per kwh or $3,456). This tax credit addition would still be under the max $7500 but would go a long way to pay the $5500 of the Enginer plug in system cost.
    Thanks - any advice appreciated.
     
  8. wjtracy

    wjtracy Senior Member

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    do not know. But the first step would be to contact the folks at Enginer.
    Also a battery expert on this site such as Sielerts may chime in.
    A few weeks back someone posted a petition looking to advocate for adding credits for after-market battery augmentation.
    So I think I know the answer but not 100% sure.
     
  9. NinnJinn

    NinnJinn Member

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    Indiana gives you a sales/use tax exemption.

    IN S 304
    Provides a sales and use tax exemption for the purchase or lease of a new qualified plug-in electric vehicle if the retail transaction occurs from July 1, 2011, through December 31, 2016


    I didn't research the actual Indiana website but found the info along with other states "click here".
     
  10. wjtracy

    wjtracy Senior Member

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    Did you buy your PiP in Michigan PK, any PiP incentives?
     
  11. stacey

    stacey ☆☆☆☆☆

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    This isn't any of the states you mentioned, but PA has a rebate program. It's only $1000 for the PIP, but hey, it's something! Details can be found at Alternative Fuels Incentive Grant
     
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  12. wjtracy

    wjtracy Senior Member

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    Thank you Stacey. I need all states. Is PiP available in PA now? re:
    ...grew up in Pittsburgh PA myself!
     
  13. stacey

    stacey ☆☆☆☆☆

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    Nope, PA wasn't a launch state. I got mine in Maryland. But that's not to say PA dealerships haven't managed to get their hands on PIPs from another state.
     
  14. kcrobertson

    kcrobertson New Member

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    I'm in MD - and just bought a 2012 Plug-In. Was told all of the tax credits have been 'used up'
    Is that true?
     
  15. wjtracy

    wjtracy Senior Member

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    For darn sure you do have the Federal $2500 tax credit.
    As far as State of Maryland excise tax credit, recently Prius Chatters have mentioned getting it, but let's find out for sure from another MD'er. Link below says good til 6/2013

    Maryland Electric Vehicle FAQ's
     
  16. kcrobertson

    kcrobertson New Member

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    so - there is no 'limit' to federal tax credits for each manufacturer?
    the dealer seemed pretty certain...
     
  17. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

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    I think the quota is 200,000 units for each manufacturer. There is no danger of it being exhausted any time soon :)
     
  18. wjtracy

    wjtracy Senior Member

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    ...you should be good to go for a PiP! you should expect $2500 tax credit federal (assuming you have a tax owed) and you should expect somewhere around $1800 excise tax reduction in MD. That is among the best deals out there as far as states go. For pricing I look at CarMax.com in Laurel MD as they have new Toyotas incl PiP for no haggle prices.
     
  19. 9G-man

    9G-man Senior Member

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    In the state of GEORGIA:

    The Plug-in Prius qualifies for the Alternative Fuel TAG (single occ. HOV/ Free HOT lane access)
    but DOES NOT qualify for the GA Alternative Fuel TAX CREDIT.
    Makes no sense at all.

    At least GA isn't willing to go into debt like some other States.
     
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  20. ksstathead

    ksstathead Active Member

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    If you bought, not leased, and if you are the first purchaser of the car, and if you have income tax to offset, you are good to go on 2500.