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Source: PIXABAY

Utility Companies Are Now Offering Rebates For Electric Vehicle Sales

By Nicole Caldwell

You’ve probably heard you can get state and federal rebates when you purchase hybrid and electric vehicles, along with rebates if you install solar panels on the roof of your home. But now utility companies are jumping into the ring by offering rebates of their own, in order to help boost the electric vehicle market and encourage customers to become more environmentally friendly.

Utility companies ultimately benefit by offering rebates. 

When you buy an electric vehicle, you’ve got to charge it. And that costs the average person $600 per year in electricity costs, paid directly to utility companies in most cases (unless of course you’ve solved that problem by charging your car with solar panels).

It makes fiscal sense, then, that electric companies in Vermont and California have begun offering customers $450 to $1,200 off their electric bills when they buy a rechargeable car. Meanwhile, the Vermont Electric Cooperative has partnered with Nissan to offer $10,000 in rebates.