09/14 Update: Tesla has reduced Model 3 inventory prices further. Model 3's now start as low as $36,220. Furthermore, the CVRP is now providing an additional $2000 EV charge card to applicants who qualify for the increased rebate. This is in addition to the increased rebate available for those applicants. Now is the perfect time to buy a Tesla Model 3 in California!
08/04 Update: It seems like the CVAP program was closed recently. All other rebates are still available, and we hope the CVAP gets funded again soon.
While Teslas are undoubtedly amazing cars, they can also come with a hefty price tag. That's why we've conducted thorough research and put together a comprehensive guide on how to get a Tesla Model 3 for as low as $11,000 in California by taking advantage of various incentives and programs available in the state. Follow this step by step guide to score your Tesla Model 3 for cheap.
Step 1: Apply for the CVAP (Clean Vehicle Assistance Program)
The CVAP provides financial support for individuals with low income residing in disadvantaged communities. If you meet the CVAP's income criteria and reside in an approved area, you could receive a whopping $7,000 grant towards your Tesla Model 3 purchase.
Applying for the CVAP grant is a straightforward process, but you need to be approved before taking delivery of your vehicle. Ensure your gross annual income on your latest tax return meets the criteria show below, and you're good to go.
Find full details on eligibility here, and access the application here.
Step 2: Order using a referral link
Once you have received your grant approval, it's time to order your Tesla. Through the inventory section, the base price for a Tesla Model in California is $37,120.
Order using this referral code to get $500 savings.
Step 3: Apply for the CVRP
The Clean Vehicle Rebate Project (CVRP) offers a $2,000 rebate for individuals who meet specific income requirements. To qualify, you must make less than $135,000 as a single filer or less than $200,000 if you're married and filing jointly. When you file for the grant, you can use your most recent tax report to prove your income. Even if your income is now higher than the above limits, you will be able to qualify for the rebate as long as your gross annual income as shown in your latest tax report is less than the above limit.
You might even qualify for an additional rebate of $5,500 through the CVRP if you meet the criteria below.
You can find eligibility and other FAQs for the CVRP here, and access the application here.
The CVRP allows stacking with the CVAP. Assuming that you have been approved for the CVAP, your total savings so far should be $15,000 ($7000 + $500 + $7500), combining the CVAP grant, referral code, and the maximum CVRP rebate.
Step 4: Apply for local government and utility provider benefits
Depending on where you live in California, you might be eligible for additional savings and rebates offered by local governments and utility providers.
For example, if you reside within the San Joaquin county (like me), you can get a $3000 rebate through the San Joaquin Drive Clean program.
You can find eligibility and other FAQs for the program here, and access the application here. Once you have been approved for this rebate, your total savings so far should be $18,000.
These benefits vary depending on your specific area, so it's crucial to do some research and check with your local authorities or utility company to explore any potential savings. You can look at all the available rebates in your area, by visiting the Drive Clean website (hosted by the California Air Resources Board)
Step 5: Apply for the federal tax credit when filing taxes
The federal government offers a substantial incentive to promote electric vehicle adoption. When purchasing a Tesla Model 3, you can claim a tax credit of $7,500. This credit is applied directly to your tax liability, which means you'll receive a reduction in the amount you owe.
Details on the federal tax benefit are on the IRS website. After you have received your tax credit, your total savings should now be $25,500
Conclusion
By following our step-by-step savings guide, you can score a Tesla Model 3 in California for less than $12,000.
This will make your new Tesla Model 3 cheaper than a Toyota Corolla, or a Honda Civic! Remember, incentives and programs are subject to change, so it's essential to stay up-to-date with the latest information.
The time to go electric is now, and with these incredible savings, there's no better way to join the electric revolution than with a Tesla Model 3. So, what are you waiting for? Embrace sustainability, save money, and experience the thrill of driving a Tesla today!
