Millions of Americans to score energy rebates between $500 up to $1,500 – see if you’re eligible
MILLIONS of Americans are eligible for a one-time payment of between $500 and $1,500
A federal state distributes vouchers and additional incentives for the purchase of electric bicycles.
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Connecticut is handing out $500 and $1,500 coupons to its residents toward the purchase of an electric bicycle, also known as an eBike.
The state Department of Energy and Environmental Protection created the program to encourage Connecticut residents to use this eco-friendly mode of transportation.
While most successful applicants receive $500, residents could receive an additional $1,000 incentive if they meet any of the following criteria:
The application period for the vouchers ended on July 8th. The local department is now reviewing the responses and identifying next steps to meet demand with available funds.
A total of $1.5 million in funding is earmarked for the vouchers.
Those who are successful can use it at a participating eBike dealer.
Voucher recipients can choose from over 40 models from well-known brands, and the bike must have an MSRP of less than $3,000.
MORE BIKE DISCOUNTS
Connecticut isn’t the only state offering these types of incentives.
City of Columbus, Ohio is investing $250,000 in rebates for e-bike purchases at local bike shops.
All residents with an annual income of up to $150,000 are eligible for the payments.
The program is a push towards greater sustainability, although some locals have criticized the city’s lack of cycling infrastructure.
In Minnesota, on the other hand, residents who buy an e-bike could get a discount of up to $1,500.
The Transportation Omnibus Bill — which has already passed the legislature — earmarks funds for the program, according to CBS News.
Discounts range from 50 to 75 percent of the bike price, up to $1,500.
Other states offer residents different forms of direct payments.
For example, Richmond, Virginia, is expanding its Guaranteed Income program and the city is about to begin a third round.
And in Palm Springs, California, a universal basic income pilot project was launched.