In addition to Efficiency Maine instant rebates, you may be eligible for additional financial incentives to offset the purchase price of an electric vehicle. Click here to see which electric vehicles are eligible for an Efficiency Maine instant rebate.
Federal Tax Credits
For personal vehicles, useForm 8936, “Qualified Plug-in Electric Drive Motor Vehicle Credit”. Report the tax credit from Form 8936 on the appropriate line of your Form 1040, U.S. Individual Income Tax Return. For vehicles purchased in 2010 or later, this credit can be used toward the alternative minimum tax (AMT).
If the qualifying vehicle is purchased for business use, the tax credit for the business use of an electric vehicle is reported on Form 3800, General Business Credit.
Click here to find the forms you will need to claim your federal tax credit.
Electric Vehicle Charging Equipment
Qualified electric vehicle supply equipment installed through December 31, 2020, is eligible for a federal tax credit of 30% of the cost, not to exceed $30,000 for commercial use and $1,000 for qualified residential equipment. Note that this incentive originally expired on December 31, 2016, but was retroactively extended through December 31, 2020, by Public Law 116-94.
Car Manufacturer Instant Rebates
Car manufacturers often provide their own instant rebates in addition to state rebates and federal tax credits. These offers can change from month to month, so ask a Maine Participating Dealer for the most current deals.
Some car manufacturers fold the federal tax credits into the cost of a monthly lease of an EV. Ask a participating dealership for more information.
*Federal tax credits are not administered by Efficiency Maine