Texas Opens FY2014/2015 Alt-Fuel Rebate Program

AndyH · May 13, 2014

...Tesla owners need not apply.

Purchase an EV or lease for 48 months: $2500

http://www.aacog.com/civicalerts.aspx?AID=521

The LDPLI is currently accepting applications for the purchase or lease of new eligible vehicles powered by compressed natural gas (CNG), liquefied petroleum gas (LPG), or electric drive (plug-in). To apply for a Rebate grant under the LDPLI, applicants must purchase or lease from a dealership or leasing company authorized to sell or lease new vehicles in Texas.

Rules:
http://www.tceq.texas.gov/assets/public/implementation/air/terp/ld/2014_ld_NOR.pdf

Vehicle List:
http://www.tceq.texas.gov/assets/public/implementation/air/terp/ld/2014_ld_list.pdf

BEV/PHEV List:

mkjayakumar · May 14, 2014

I got this snippet from my friendly dealer:

"The State of Texas has started the grant program on electric vehicle today. On a 2 year lease you will get back $1,250 on a 3 year lease $1,850 and on a purchase $2,500. This program is limited to the first 2,000 applications or until funding is gone. They will not take any application after June 26."

http://www.tceq.texas.gov/airquality/terp/ld.html" onclick="window.open(this.href);return false;

TomT · May 14, 2014

Boy, talk about a program of very minimal proportions!

mkjayakumar said:
"This program is limited to the first 2,000 applications or until funding is gone. They will not take any application after June 26."

evnow · May 14, 2014

Even with all the limitations, this shows some bipartisan support for EV programs that red state legislatures are passing such bills. Not sure why some people fear for the 7.5k federal tax credit.

08Wee · May 16, 2014

Not sure why some people fear for the 7.5k federal tax credit.

Sorry for veering into politics:

Sarcasm on:
Because it is a deficit boosting, free market distorting, job killing program.
The role of the government should not be to pick winners and losers, because it picks only losers...
On the other hand the government should continue to subsidize the oil industry generously, otherwise the gas prices go up.
Sarcasm off.

devadattas · Jun 13, 2014

Its pretty impressive if you plug in the numbers.

I almost closed a deal on 2014 Leaf S with QC couple of weeks ago at a dealer in DFW.
Was getting $25,595 after $2,500 NMAC incentive for financing + ttl
On top of that you add the Texas $2,500 rebate + Fed tax credit $7,500

That equates to $15,595, obviously you pay taxes on the $25,595 so you end with about $18,500 after all credits - not bad of a deal as it comes out cheaper than a honda civic

Obviously battery degradation and texas heat led me to lease one - I ended up leasing the 13 Leaf SL loaded for 2 years for about $300, and just received the $1250 cheque from the state of Texas, brings the payment down to $250/m

Cant even lease a Versa for that much cash

One happy customer!

mkjayakumar · Jun 13, 2014

What is that $2500 NMAC incentive? Never heard of that.

devadattas · Jun 14, 2014

Go to choosenissan.com
Just checked now - Nissan is now offering $3,500 nmac cash if financed through Nissan!

So now the total savings if bought will be - $3500 + $7500 + $2500 = $13,500

Financing is 0% for 72 months

That is a better deal from last month!

Stanton · Jun 14, 2014

devadattas said:
Go to choosenissan.com
Just checked now - Nissan is now offering $3,500 nmac cash if financed through Nissan!

So now the total savings if bought will be - $3500 + $7500 + $2500 = $13,500

Financing is 0% for 72 months

Stunning. When I purchased (2011) not only was there no NMAC "incentive" but my interest rate was 3%.

kawan999 · Jun 20, 2014

devadattas said:
Its pretty impressive if you plug in the numbers.

I almost closed a deal on 2014 Leaf S with QC couple of weeks ago at a dealer in DFW.
Was getting $25,595 after $2,500 NMAC incentive for financing + ttl
On top of that you add the Texas $2,500 rebate + Fed tax credit $7,500

That equates to $15,595, obviously you pay taxes on the $25,595 so you end with about $18,500 after all credits - not bad of a deal as it comes out cheaper than a honda civic

Obviously battery degradation and texas heat led me to lease one - I ended up leasing the 13 Leaf SL loaded for 2 years for about $300, and just received the $1250 cheque from the state of Texas, brings the payment down to $250/m

Cant even lease a Versa for that much cash One happy customer!

CAn you please share the process of getting the rebates? What type of forms needed? Does the dealer need to do fill out any forms?

AndyH · Feb 15, 2015

Amount of Funds Remaining:
$5,414,616
(as of February 9, 2015)

http://www.tceq.texas.gov/airquality/terp/ld.html

Source: http://www.tceq.texas.gov/assets/public/implementation/air/terp/ld/2014-LDPLI Wkly Graph.pdf

AndyH · Mar 4, 2015

Amount of Funds Remaining:
$5,105,241
(as of Mar 2, 2015)

http://www.tceq.texas.gov/airquality/terp/ld.html

Amount of Funds Remaining:
$4,918,366
(as of Mar 23, 2015)

Texas Opens FY2014/2015 Alt-Fuel Rebate Program

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