In late December, the U.S. congress extended a rule that gives consumers a 30% tax credit for electric vehicle chargers (EVSE). The maximum credit is $1000. The credit is for charger purchase and installation costs incurred in 2015 to 2016. For those of you that installed an EVSE in your home in 2015, the IRS didn’t have the required form (8911) on its website as I write this. It is the older 2014 form.
There is a tax credit for installing a charger (EVSE) that will expire on December 31st, 2014, assuming President Obama signs HR 5771 that was passed on December 16th, 2014. This tax credit is applicable for chargers for the C-Max Energi but also other plug-in vehicles, such as the Chevrolet Volt, Nissan Leaf, and Prius Plug-in Hybrid. If you missed out on this tax credit in 2013 and bought a charger this year, it applies to any purchase and installation in 2014. The tax credit is for the purchase and installation costs, so quick action is required. The tax credit expires after December 31, 2014 – you have less than two weeks if you didn’t buy a charger and install it in 2014 already. There are several J1772 Level 2 choices at HomeDepot.com. Some states, such as Maryland, have tax credits or rebates for buying and installing an EVSE too.
Many questions about charging the C-Max Energi are answered in the blog, “Common Electricity Questions for the C-Max Energi.”
The charger tax credit is in Internal Revenue Code Section 30C. This credit expired on December 31st, 2011 formerly. It was extended through December 31st, 2013 in the Fiscal Cliff Bill on page 63, lines 14 through 21. It was just extended through December 31st, 2014 (unless the President doesn’t sign the legislation, as far as I know, that isn’t likely).
The Center for Sustainable Energy of the State of California has just $11,064,574 remaining in its rebate fund as of February 9th, 2014. This amount will only last for a short while longer (see the CVRP Rebates by Month graph). The Ford C-Max Energi qualifies for a $1500 cash rebate for those leasing or buying an Energi that is registered in California for 36 months after the lease or purchase. The rebate application is located at their website. California added funds last year to the program, but there isn’t any guarantee that it will be repeated this year.
Another substantial benefit for buyers of the Ford C-Max Energi in California is the Green Sticker issued by the California Air Resources Board. The pass, good through January 1, 2019, is available to the first 40,000 applicants. The California Air Resources Board lists qualifying vehicles besides the Energi. They won’t last much longer. As of December 2013, 28,739 had been issued. About 2,500 are being issued each month currently. More details are available on the Clean Air Vehicle Decal program.
In addition to California specific incentives, there is still a $4,007 federal tax credit. If you buy the vehicle, you will need an income tax liability to offset the tax credit. If you lease an Energi, Ford Credit (or another leasing company) will receive the credit and should pass it on to you through the lease (make sure they do).
There are other incentives that apply to cities throughout California. These Tesla and Department of Energy web pages also list incentives that apply to the Ford C-Max Energi. If you live in the San Joaquin Valley, the Drive Clean program gives C-Max Energi owners an additional $2000 rebate.
Finally, Ford offers 0% for 60 months and a $3000 rebate on the purchase of a new 2013 C-Max Energi until March 31, 2014. There is also a competitive lease offer of a $1000 rebate from Ford on a purchase or lease if you currently lease a competitive vehicle (or the lease ended within the last 30 days).
In summary, if you live in the San Joaquin Valley and have a lease on a competitive vehicle, you can get $4,007 from the Federal Government, $1500 from the State, $2000 from the San Joaquin Valley, $4000 from Ford and 0% for five years if you buy the vehicle. In addition, you can get a Green Sticker for the vehicle that will increase its value. You should also be able to bargain with the dealership and pay pretty close to invoice. More than $11,000 below invoice on a new Ford C-Max Energi is possible. Now that is a pretty sweet deal.