Electric Vehicle Offers & Information
REA Rates
Controlled: Electric Vehicle Charging Rate*: 4.69¢/kWh
Uncontrolled: General Service Rate: 9.69¢/kWh
*Available to members with a plug-in electric vehicle. An 8-hour charge between the hours of 10:00 p.m. and 6:00 a.m. is available. See requirements below.
Requirements:
Qualifying loads must be hard wired (cord and plug connections are not eligible).
Installation of a meter, controller, and accessory equipment is required.
Equipment including the meter, meter socket, and REA control device are provided by REA.
State Electrical inspection required.
REA inspection confirming control is necessary to finalize eligibility.
Uncontrolled: General Service Rate: 9.69¢/kWh
*Available to members with a plug-in electric vehicle. An 8-hour charge between the hours of 10:00 p.m. and 6:00 a.m. is available. See requirements below.
Requirements:
Qualifying loads must be hard wired (cord and plug connections are not eligible).
Installation of a meter, controller, and accessory equipment is required.
Equipment including the meter, meter socket, and REA control device are provided by REA.
State Electrical inspection required.
REA inspection confirming control is necessary to finalize eligibility.
REA Level 2 (240V) Electric Vehicle Charger Rebate - $250 to $500
$250 Rebate for qualifying uncontrolled EV chargers (Qualifications Below)
$500 Rebate for qualifying controlled EV chargers (Qualifications Below)
• The EV charger must be installed at your permanent address served by REA.
• Call REA at 320.762.1121 or toll free at 800.473.1722 to verify program status, prior to purchase.
• EV meter socket must be installed to be eligible for this rebate.
• Rebate amount is up to $500 for qualifying EV charger on a storage rate.
• Rebate amount is up to $250 for qualifying uncontrolled EV chargers
• Fill out this form completely. Incomplete forms will not be processed.
• Include your account number and sign the form.
• Submit completed rebate form and a copy of the original sales receipt within 60 days of purchase date to: EV Rebate, REA, 6839 Power Lane SW, Alexandria, MN 56308
For questions, call REA at 320.762.1121 or toll free at 800.473.1722 Fax: 320.763.4149
Rebate program is subject to change or cancellation without notice.
Limit of one rebate per account (lifetime)
$500 Rebate for qualifying controlled EV chargers (Qualifications Below)
• The EV charger must be installed at your permanent address served by REA.
• Call REA at 320.762.1121 or toll free at 800.473.1722 to verify program status, prior to purchase.
• EV meter socket must be installed to be eligible for this rebate.
• Rebate amount is up to $500 for qualifying EV charger on a storage rate.
• Rebate amount is up to $250 for qualifying uncontrolled EV chargers
• Fill out this form completely. Incomplete forms will not be processed.
• Include your account number and sign the form.
• Submit completed rebate form and a copy of the original sales receipt within 60 days of purchase date to: EV Rebate, REA, 6839 Power Lane SW, Alexandria, MN 56308
For questions, call REA at 320.762.1121 or toll free at 800.473.1722 Fax: 320.763.4149
Rebate program is subject to change or cancellation without notice.
Limit of one rebate per account (lifetime)
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
Federal Tax Credit for Electric Vehicle Charging Equipment up to $1,000
If you install qualified vehicle refueling and recharging property at your home, including electric vehicle charging equipment, you may be eligible for a credit of up to $1,000 for each item of property.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit up to $1,000 for residential charging equipment