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Most Tesla customers in California losing 2500$ rebate soon. Order now to keep it!

Discussion in 'Model S: Ordering, Production, Delivery' started by e-FTW, Nov 28, 2015.

  1. e-FTW

    e-FTW New electron smell

    Joined:
    Aug 23, 2015
    Messages:
    627
    Location:
    San Francisco, CA
    tl;dr Order now to save 3500$ on a Tesla (unless you make less than 250k$: in that case, you'll be fine).

    (Posting here since I came to this section first before, during and after ordering. And since so many buyers are from CA, hopefully, they get to see this in time. Before you tell me this title is over the top: my sales person at my local store told me this week that 90% of her customer base in the area is affected by this change.)

    PSA: On January 1st 2016, new rules will apply to the rebate process that the California Air Resources Board has in place. This has been discussed before.
    Details here (see pages 26-30): http://www.arb.ca.gov/msprog/aqip/fundplan/proposed_fy15-16_funding_plan.pdf

    Looking at current delivery estimates ("late December"), you have a small window of opportunity to come in under the wire and take delivery in time to get the current 2500$ rebate from CARB (they send you a check actually). At the same time, you can also leverage the 1000$ referral rebate by using a current owner's link (pm for mine). In other words, order now and secure 3500$ in rebates.

    "Does this really affect me?" Excellent question! Glad you asked. It likely does. I dug through the document to try and make this simple. But you can only simplify so much... The new program will have tiers, based on household income and the 2015 Federal Poverty Level (FPL).

    Income level = rebate
    Less than $35,310 = $4000
    $35,311 - $250,000 = $2500
    More than $250,000$ = 0$


    The max income cap here changes based on filing status:
    Individual: $250k
    Head of household: $340k
    Filing jointly: $500k

    The lower tier limit also changes, but based on the household size. I ignored the other aspects of the program beyond pure BEVs. Fuel-cell is getting plenty of love...

    If you fall in the affected categories (there are no tiers in 2015, everyone gets 2500$), order now! Again, you'll need to have taken delivery and have your final paperwork signed before January 1st 2016.
    Hope this help!
     
  2. AMPd

    AMPd Active Member

    Joined:
    Nov 27, 2012
    Messages:
    1,548
    Location:
    Northern California
    I do not make 250k, if I did I wouldn't mind losing out on the 2500
    At least not enough to not purchase the car.

    I do like the extra bump for the lower income tier, hopefully the Model 3 arrives on time (lol I know it's tesla) but that would help sell it even further.
     
  3. e-FTW

    e-FTW New electron smell

    Joined:
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    627
    Location:
    San Francisco, CA
    Am with you on all accounts. If a family pulls in half a million, they should be fine without the 2500$. But then again, money is money...
    As for the Model 3, am not sure I would go for a $35k car if I made less than that yearly as a single person household. That $4k rebate would help though. Another example: a family of four can pull-in $72,750 and still get the $4k.
    That family better not live in the Bay Area though! Cost of living is a bit on the insane end of the scale.

    - - - Updated - - -

    Also, if said lower income family puts in a lot of miles, cheap "fuel" can make quite the difference IMHO.
     
  4. GasKilla

    GasKilla No Gas Know Peace

    Joined:
    Nov 11, 2015
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    Location:
    Los Angeles, CA
    Good to see they are increasing the rebate for low income households. There is also a program called Replace Your Ride > Home
    where low income households can get up to $9500 in rebates to buy a BEV. The program makes a used leaf very affordable for someone who qualifies based on income.
     
  5. e-FTW

    e-FTW New electron smell

    Joined:
    Aug 23, 2015
    Messages:
    627
    Location:
    San Francisco, CA
    Good spot!
     

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