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