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May 30, 2018 - Up to $5,000 and $2,500 incentives for purchase or lease of eligible vehicles

Is your car giving you problems or leaving you by the side of the road? Well, you may have an opportunity to get a new one powered by an alternative fuel source and help keep our air clean.

If you live anywhere in the state of Texas, you could be eligible to receive an incentive under the Light-Duty Motor Vehicle Purchase or Lease Incentive Program. The program offers a $5,000 incentive rebate for the purchase or 3-year lease of an eligible new light-duty motor vehicle that is powered by compressed natural gas or liquified petroleum gas.

You may be eligible to receive up to a $2,500 incentive rebate if instead you decide to purchase or lease a light-duty motor vehicle powered by a hydrogen fuel cell (fuel cells are similar to batteries in that they produce electricity without combustion or emissions), or other electric drive (plug-in or plug-in hybrid).

Leases for any of these vehicles would be prorated over a three-year term, 33.3 percent for a one-year lease, 66.6 percent for a two-year lease, and 100 percent for a three-year lease.

Sounds great, right? But, what is a “light-duty motor vehicle” you ask. In simple terms, it’s a vehicle that has four wheels and is manufactured for use primarily on public streets, roads, and highways. Eligible new light-duty motor vehicles must be purchased on or after Sept. 1, 2017. Only one incentive will be provided for each vehicle obtained in this state and only vehicles sold by a licensed dealer in Texas are eligible for the incentive.

Review the eligibility requirementsExit the TCEQ and the list of eligible vehicles and then apply. Rebate applications will be accepted and considered on a first-come, first-served basis during the rebate period. LDPLIP applications must be submitted by 5:00 p.m. on May 31, 2019. 

Don’t hesitate! These great incentives, available under the LDPLIP, implemented and administered by the Texas Reduction Emissions Program of the Texas Commission on Environmental Quality, are subject to availability of funding. That means, hurry before the money runs out.

Image: Electric control © Oliver Le Moal iStock collection/Thinkstock