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Continental Divide EV Chargers by Continental Divide Electric Coop – NM
Continental Divide EV Chargers by Continental Divide Electric Coop – NM
Non-Networked Level 2 Chargers:
- 50% rebate up to $500 maximum
- Covers costs of Level 2 EVSE equipment itself and installation/electrical work
- Must provide itemized receipt showing costs broken out
- Available for residential, commercial fleet, and public non-fee installations
- Chargers must be located within Continental Divide’s service area
- Member responsible for meeting all building/electrical codes
Networked/Fee-Capable Level 2 Chargers:
- 50% rebate up to $1,000 maximum per installed charger unit
- Rebate covers EVSE equipment and installation costs
- Chargers must be publicly accessible and allow fee-based access
- Other requirements same as non-networked (receipts, location, codes)
- Multiple ports/connectors on one charger still only eligible for single rebate
DC Fast Charger Rebates:
- Rebate percentage is 50% of equipment and installation costs
- Rebate maximums tied to maximum station output power:
- Up to $3,000 for 50-75 kW output
- Up to $5,000 for 76-149 kW output
- Up to $7,500 for 150+ kW output
- Must be publicly accessible installation
- Charger required to be network-capable
- Proprietary networks like Tesla limited to 50% of maximum rebate
- One rebate maximum per charger unit regardless of # ports/connectors
- Same requirements for receipts, located in service area, code compliance
Federal Tax Credits:
New Clean Vehicle Credit (updated under Inflation Reduction Act):
- Tax credit of up to $7,500 for purchasing new qualifying plug-in electric vehicle
- Amount calculated based on battery capacity, critical mineral/component sourcing
- Income caps of $300,000 for joint filers, $225,000 single, $150,000 head of household
- Vehicle price cap of $80,000 for vans, SUVs, pickups. $55,000 for other vehicles
- Revisions start for vehicles purchased in 2023, with additional sourcing requirements phased in
- Consult IRS/tax professional for full eligibility rules
Used Clean Vehicle Credit:
- 30% of purchase price as a tax credit, up to $4,000 maximum
- For used EVs purchased from a dealer for $25,000 or less
- Must be at least 2 years old models when originally purchased new
- Income caps of $150,000 joint, $112,500 single, $75,000 head of household
- Goes into effect for vehicles purchased starting January 1, 2023
Federal Charging Equipment Credit:
- 30% tax credit for purchasing qualified EV charging equipment
- $1,000 maximum credit amount
- Only applies to residential installations, not commercial
- Covers hardwired home charging stations and outlets installed for charging
Additionally in 2024:
- Option to transfer new EV tax credit to dealer to reduce purchase price directly
- Same applies to used EV credit once that provision goes into effect
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