Electric Vehicle Incentives

York Elec­tric Coop­er­a­tive has been learn­ing about elec­tric vehi­cles along­side you. Your co-op is com­mit­ted to con­tin­u­ing ser­vice excel­lence and being your trust­ed source for infor­ma­tion. To accom­mo­date our mem­bers’ grow­ing inter­est in elec­tric vehi­cles, we are now offer­ing three dif­fer­ent incen­tives to best meet the diverse needs of our mem­bers and their inter­ests.

A woman charges her electric vehicle.
Emma Sut­ton, York Elec­tric’s Com­mu­ni­ca­tions and Out­reach Rep­re­sen­ta­tive, shows off EV charg­ing capa­bil­i­ties.

Optiwatt

Reduce your EV charg­ing costs by up to 70% by allow­ing auto­mat­ic sched­ul­ing for your EV to charge when rates are cheap­est. If you would rather main­tain con­trol while also using the Opti­watt sched­uler app, you’ll enjoy customiz­able advanced sched­ul­ing to fit your lifestyle, whether you charge dur­ing peak times or not. You can also set cus­tom depar­ture times for each day of the week and max­i­mize your bat­tery life by sav­ing the last bit of charg­ing to pre-con­di­tion your car for depar­ture.

Here’s how it works: Once you reg­is­ter your elec­tric vehi­cle with YEC and down­load the Opti­watt sched­uler app, you can choose between two incen­tives:

  1. Allow charg­ing con­trol when rates are cheap­est, you qual­i­fy for a rebate of $250 per charg­er and $15 per vehi­cle for the first year, then up to $120 annu­al­ly for sec­ond year on.
  2. Do not allow con­trol but you will still qual­i­fy for a $100 one-time cred­it.

(If you already par­tic­i­pate in YEC’s Time of Use Rate Pro­gram, you may still apply for a one-time $50 Opti­watt cred­it just for sign­ing up and down­load­ing the Opti­watt app.)

Explore Opti­watt & Sign Up

Time of Use Rate Program

Our third incen­tive option is a Res­i­den­tial Rebate of up to $200 for mem­bers with a qual­i­fy­ing Elec­tric Vehi­cle Charg­er installed at their home with­in YEC’s ser­vice ter­ri­to­ry. It’s sim­ple: YEC will install a time-of-day meter at your home and the less elec­tric­i­ty you use dur­ing peak times, the more you save. You must have a qual­i­fy­ing Elec­tric Vehi­cle Charg­er and a sub­me­ter that have been installed sep­a­rate­ly by a qual­i­fied elec­tri­cian.

Get More Infor­ma­tion About Our Time of Use Rate Pro­gram

Ready to Register?

Once you’ve cho­sen the incen­tive that fits your lifestyle best, please reg­is­ter your elec­tric vehi­cle, and then also down­load the Opti­watt app from Google Play or the Apple Store regard­less of your cho­sen incen­tive to be sure you’re always aware of avail­able sav­ings as EV incen­tives evolve.

Reg­is­ter Your Elec­tric Vehi­cle & Choose Your Incen­tive

Download the Optiwatt Scheduler App

Federal Tax Credits

Federal Tax Credit for EV Charging Equipment up to $1,000

Federal Tax Credit for EV Charging Equipment up to $1,000 logo

Con­sumers who pur­chase qual­i­fied res­i­den­tial charg­ing equip­ment may receive a tax cred­it of 30% of the cost, up to $1,000.

  • Con­sult a tax pro­fes­sion­al to see if your instal­la­tion qual­i­fies
  • Vis­it IRS web­site for addi­tion­al infor­ma­tion

Federal Tax Credit for New & Used Electric Vehicles

Federal Tax Credit for New & Used Electric Vehicles logo

A fed­er­al tax cred­it is avail­able for new and used elec­tric vehi­cles that meet require­ments spec­i­fied in Inter­nal Rev­enue Code Sec­tion 30D.

New Vehicle Clean Credit up to $7,500

You may qual­i­fy for a cred­it up to $7,500 if you buy a new, qual­i­fied plug-in EV. The Infla­tion Reduc­tion Act of 2022 changed the rules for this cred­it for vehi­cles pur­chased from 2023 to 2032. Infor­ma­tion about new vehi­cles pur­chased in 2022 and before or for vehi­cles pur­chased in 2023 and after.

Used Vehicle Clean Credit up to $4,000

Begin­ning Jan­u­ary 1, 2023, if you buy a qual­i­fied used elec­tric vehi­cle (EV) from a licensed deal­er for $25,000 or less, you may be eli­gi­ble for a used clean vehi­cle tax cred­it. The cred­it equals 30% of the sale price up to a max­i­mum cred­it of $4,000. Addi­tion­al Details.

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