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In Iowa, drivers who purchase new, eligible electric or plug-in hybrid electric vehicles can save up to $500 with the state’s incentive program.
In the United States, 90% of the energy consumed from transportation is petroleum-based. That makes transportation the leading source of greenhouse gas emissions, accounting for 29% of the country’s total emissions.
To help combat this issue, many states offer incentives to residents who purchase an electric vehicle. This is to encourage people to drive electric vehicles and to help make electric cars financially feasible for more people.
To help you figure out how much you can get back, car insurance comparison and broker app Jerry has created this guide to Iowa’s electric vehicle incentives.
How much you save with the Iowa electric vehicle incentive
In Iowa, the electric vehicle incentive will save you $500 on the purchase of an electric or plug-in hybrid electric vehicle.
MidAmerican Energy offers customers the chance to receive a $500 rebate for electric vehicles purchased after January 1, 2021. Hybrids, unfortunately, do not qualify.
MidAmerican and Alliant Energy also offer rebates to drivers who purchase a residential car charger for their homes. The MidAmerican rebate is worth a whopping $1,500, while the Alliant Energy rebate is worth $500 or $700, depending on the type of charger.
How to get the Iowa electric vehicle incentive
To receive the electric vehicle incentive, you must fit the following criteria:
- Be a current MidAmerican customer
- Purchase the electric vehicle in the 2021 calendar year
- Have the car registered to your home address
- Provide a purchase or lease invoice
- Submit this application before February 1, 2021
How to find cheap car insurance for your electric vehicle
There are more ways to save with your electric car than just rebates! If you want to lower your insurance costs, you’ve got to sign-up for Jerry!
Jerry is a licensed brokerage app created to make comparison shopping simple and painless. A free 45-second sign-up is all that stands between you and cheap insurance. Once you sign-up, Jerry gives you dozens of competitive car insurance quotes to compare, plus personalized recommendations to help you find the perfect policy for the perfect price.
The average Jerry user saves over $800 a year!
“Jerry is an amazing app. Thanks to it, I saved a lot of money for my Tesla Model 3’s insurance. I’m so glad I downloaded the app!” —Erza S.