In 2023, Tesla buyers in New Jersey have more reasons than ever to rejoice. The state, known for its forward-thinking approach to green energy and transportation, offers a range of incentives that make owning a Tesla not just a luxurious choice, but a financially savvy one. In this guide, we delve deep into the Tesla EV incentives in New Jersey, helping you save big on your next purchase.
No Sales Tax on Your Tesla Purchase
Yes, you read that right. When you purchase a Tesla in New Jersey, you are exempt from the standard 6.625% sales tax, allowing for substantial savings right off the bat. This New Jersey incentive for Tesla owners is a golden opportunity to reduce the upfront costs associated with buying a new vehicle. Details here.
State Rebates through ChargeUp New Jersey
New Jersey extends a warm welcome to new Tesla owners with rebates that are hard to resist. If you are eyeing the Model Y, you stand to receive a state rebate of $1500. Meanwhile, Model 3 buyers can enjoy rebates ranging from $1500 to a whopping $4000. These New Jersey Tesla rebates are facilitated through the ChargeUp New Jersey program, making the deal sweeter for prospective buyers.
EV Charger Rebate
To further encourage Tesla ownership, the state offers a rebate of up to $250 on EV chargers. This Tesla EV incentive in New Jersey ensures that you can set up your home charging station without burning a hole in your pocket.
Reduced Toll Rates with Green Pass Discount
As a Tesla owner in New Jersey, you can enjoy a 10% discount on the off-peak rate for the New Jersey Turnpike and Garden State Parkway through the Green Pass Discount. All you need is to register your electric vehicle with their EZ Pass accounts, and you are good to go, making every journey more economical. More details here.
HOV Lane Access
Say goodbye to traffic jams as you can now drive in the HOV lanes, irrespective of the number of passengers in your vehicle. This privilege ensures that you reach your destination faster while enjoying a smoother drive.
Utility Company Specific Benefits
Several utility companies in New Jersey offer additional benefits to Tesla owners:
- PSE&G: Residential customers can avail themselves of a rebate of up to $1,500 for installing a Level 2 EV charging station. Moreover, you might be eligible for a rebate of up to $5,000 for pole-to-meter utility service upgrades. Details here.
- ACE: Offers rebates of up to $1,000 per EV charging station, covering up to 50% of the eligible costs for the installation of Level 2 EV charging stations. Details here.
- JCP&L: Provides rebates of up to $5,500 for the installation of make-ready Level 2 EV charging stations. Additionally, enjoy bill credits for charging during off-peak hours. Details here.
Federal Incentive
On the federal level, Tesla buyers can benefit from a substantial incentive of $7500 as part of the inflation reduction act, further reducing the effective cost of your Tesla.
Conclusion
2023 brings a plethora of Tesla tax credits in New Jersey and other incentives, making it the perfect time to make that Tesla purchase you have been dreaming of. From state rebates to federal incentives, the savings are substantial, paving the way for a greener and more economical future on New Jersey roads. Use this referral code to get an additional $500 off your Tesla Model 3/Y purchase.
Interested in exploring affordable Tesla options on the West Coast? Don't miss our comprehensive guide on securing a great deal on a Tesla in California. Read the full article here.
