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

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

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  1. wjtracy

    wjtracy Senior Member

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    ...in general IRS is obviously waiting to see fiscal cliff related tax rate changes...don't know if this impacts slow down in all forms.
     
    #101 wjtracy, Dec 9, 2012
  2. priusrat

    priusrat Junior Member

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    I was researching buying a new Prius 2, and noticed that Toyota is giving a very nice incentive for the 2012s for the PiP. Is the 2500 federal tax credit still in effect for the PiP? Does anyone know if CT has any tax rebate for it?
     
    #102 priusrat, Jan 17, 2013
  3. priuskitty

    priuskitty PIP FAN

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    have 200,000 plug in's been sold?:whistle:
     
    #103 priuskitty, Jan 17, 2013
  4. lensovet

    lensovet former BP Brigade 207

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    lol yes of course the Federal rebate is still in effect.
    CT, no idea
     
    #104 lensovet, Jan 18, 2013
  5. wjtracy

    wjtracy Senior Member

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    hmm- Looks like the Plug-In America link is broken on the main post.

    Alrightly then,
    1. I see no incentives in CT (but someone chime in and advise me)
    2. Federal $2500 good for many years at current sales rates
    3. Yes there were incredible 2012 PiP deals in Oct-thru-Dec but I do not know if many 2012's left

    Best deal according to my notes, a month or so back a Prius chat member in WV went to NY to buy 2 PiPs for ~$25,500 with $2500 Fed and $7500 WV credits he is paying $15500 net for two 2012 PiPs.
     
    #105 wjtracy, Jan 18, 2013
  6. lensovet

    lensovet former BP Brigade 207

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    the only deals remaining are for Advanced models, $6500 in the northeast states. I don't think there are any base models left on the lots.
     
    #106 lensovet, Jan 18, 2013
  7. El Dobro

    El Dobro A Member

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    The dealer I bought mine from has 3 base PIPs left.
     
    #107 El Dobro, Jan 18, 2013
  8. lensovet

    lensovet former BP Brigade 207

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    but you bought months ago. how many do they still have now? 2012 models?
     
    #108 lensovet, Jan 18, 2013
  9. El Dobro

    El Dobro A Member

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    I just corrected that, it's suppose to be has not had. They're 2012s and the also have one advanced left. When I first bought mine, they had something like 28 PIPs.
     
    #109 El Dobro, Jan 18, 2013
  10. lensovet

    lensovet former BP Brigade 207

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    fascinating. i wonder why TFS isn't giving any discounts on them.
     
    #110 lensovet, Jan 18, 2013
  11. El Dobro

    El Dobro A Member

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    Maybe the dealers are now happy with the amount left on their lots. :D
     
    #111 El Dobro, Jan 18, 2013
  12. wjtracy

    wjtracy Senior Member

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    We have 2 new Federal Incentives passed with the Fiscal Cliff deal for Plug_ins:

    From Plug-In America:
    Well I guess the 2-3 wheeled credit is not of interest for PiP.
     
    #112 wjtracy, Jan 18, 2013
  13. stackcheese

    stackcheese Junior Member

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    Im trying to file my taxes using H&R Block, when i select credit it does not appear to show anything in regards to the 30D tax credit? what am i doing wrong here?
     
    #113 stackcheese, Feb 4, 2013
  14. wjtracy

    wjtracy Senior Member

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    Are you talking about the $2500 Fed tax credit? I am not familiar with H&R Block. Last years Turbo Tax 2011 seemed to work fine for the credit, I just picked up Turbo Tax 2012 over the weekend, have not installed yet.
     
    #114 wjtracy, Feb 4, 2013
  15. ksstathead

    ksstathead Active Member

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    Look for Form 8936.
    Here is a link to the form at IRS: http://www.irs.gov/pub/irs-pdf/f8936.pdf
     
    #115 ksstathead, Feb 5, 2013
  16. wjtracy

    wjtracy Senior Member

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    I have added OREGON to the main OP with the help of new PiP owner Ken Blake:

    OR gives a tax credit of $750 for regular Prius as well as PiP and a second $750 tax credit is allowed for the on-board hybrid charging system (grand total = $1500). To qualify for a tax credit, you must have an Oregon income tax liability. But if you are an Oregon resident and you do not have an Oregon income tax liability, you may choose to transfer your tax credit to an Oregon resident who does! http://www.oregon.gov/ENERGY/cons/res/tax/docs/hybridform.pdf

    I would love to add more states so, if you are willing, please summarize for your state and I will add to the OP.
     
    #116 wjtracy, Feb 11, 2013
    Ken Blake likes this.
  17. igneous

    igneous New Member

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    I'm struggling to find a deal in New England similar to the deals that were around last fall. Sadly Rhode Island has no incentives too. All the Mass dealers seem to want around $28k for the PIP, but I haven't gotten to the point where i've contacted them yet. I could justify it if I could find one for $26-27k, with the $2500 rebate it would be a great deal imo
     
    #117 igneous, Feb 11, 2013
  18. ggood

    ggood Senior Member

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    0% and $5,000 rebate sounds pretty good to me:
    Boston Area Car Deals, Sales & Specials: New & Used Toyotas
    Toyota Incentives | Premier Toyota of Newport
    If any dealers are offering some price discount too, then you are getting pretty close.
     
    #118 ggood, Feb 11, 2013
  19. wjtracy

    wjtracy Senior Member

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    This thread is for clarifying state and federal government PiP incentives, but over on Price Paid for PiP thread, I made a post about possible Syracuse NY area discounts.
     
    #119 wjtracy, Feb 11, 2013
    lensovet likes this.
  20. wjtracy

    wjtracy Senior Member

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    OK Virginians!
    The new info is Virginia is the first state to have a green car "Disincentive" coming: a $100/yr Prius Tax.
    If you hold your PiP 10-years, VA wants $1000 of your $2500 Fed tax credit.
    I will update OP when voted into law later this week.
     
    #120 wjtracy, Feb 22, 2013
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