Anyone know if there are limits to the number of federal and state incentives you can get/use? In particular, my 2016 Volt is totaled, and I received the federal and state (CT) incentives (bought car in 2016, so both were for 2016 tax year). Could I get those incentives again for the 2017 tax year?
Limits to number of times for federal and state incentives
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New car, new incentives. Federal is a slam dunk. Read the rules for your state.
Shoot...Answered my own question:
"How many vehicle rebates may an individual receive?
Private individuals will be allowed one vehicle rebate per person within available funds."
This is for CT. So, I wouldn't get any incentive ($3,000) from CT, which makes the Volt too expensive for me. I'm off to look at a Honda Civic, Mazda 3, Subaru WRX, etc.
"How many vehicle rebates may an individual receive?
Private individuals will be allowed one vehicle rebate per person within available funds."
This is for CT. So, I wouldn't get any incentive ($3,000) from CT, which makes the Volt too expensive for me. I'm off to look at a Honda Civic, Mazda 3, Subaru WRX, etc.
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You can get another $7500 credit from the Feds. $3000 would not be enough for me to give up my Volt.
I replied to this but it seems to have gotten deleted. I need to fit payments within a certain amount per month. The $3,000 got me under that limit. Without that, I will not be under the limit. And while there is some incentive for the $7,500, this does not come off your loan. In other words, if you get the $7,500 back, even if you put it toward your loan, it does not change the loan payments. It might effectively change the term, if you continue to make payments, but it's doesn't help as much as people make it out to help. We also did not physically get the $7,500 -- we applied it to taxes.
Also, while I like the Volt, I'm not enamored with it. I think the control system is way too freaking complex, I HATE having to climb out of the car and get snow off the rear hatch so I can see through it, and it really doesn't save much in the way of operating costs. The one month I actually used the car, I paid $50 in electricity and filled up the gas due to temperature. That's about the same amount I was paying for my VW diesel. In the summer, it would be a more dramatic difference, but in the winter, it's just OK.
The main reason I'd get another Volt is because I have everything for it, snow tires, floor mats, you name it. I'd have to sell all of that.
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I guess it depends on how and where you drive it. My experience has been completely different. Not much snow here, but when I have had to drive in the snow, the rear window defogger kept the hatch window clean. My electricity cost, for the car, runs between $20 & $30 per month, and and I have burned only a little over $100 in gas (mostly on a vacation trip) in over a year of daily driving where my old car would burn about $25 per week in gas, not counting vacation trips. I love it.
No accounting for taste!
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In 2016 there was no limit to the number of $2000 rates you could get in Pennsylvania. I did email them to ask!
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