ComEd EV Charger Rebate: Everything to Know in IL Today (2024)

ComEd EV Charger Rebate: Everything to Know in IL Today (2024)

With the continued rise of electric vehicles (EVs), making the switch is now more affordable in Illinois thanks to the ComEd EV Charger Rebate. This guide covers the rebate details, additional ComEd incentives, and other EV benefits for Illinois residents.

What is the ComEd EV Charger Rebate?

ComEd offers rates up to $8,000 back for installing a qualifying Level 2 EV charger, or up to $1,000 per kW for infrastructure for Level 3 chargers. This reduces the initial setup cost for residential customers and promotes EV adoption in Northern Illinois.

Does ComEd Pay for EV Charger Installation?

While ComEd doesn't cover the full installation cost, the rebate significantly reduces expenses, making it easier to install EV chargers in Illinois. 

Can I Get an EV Charger for Free?

Though getting a charger for free is unlikely, combining the ComEd rebate with other incentives can greatly reduce the cost. Explore local, state, and federal programs for additional savings.

Does Illinois Offer a Tax Credit for Electric Vehicles?

Illinois provides various incentives to encourage EV adoption, though there isn’t a specific tax credit for EV chargers. These programs complement the ComEd EV rebate, making EV ownership more affordable.

Is There a Rebate for Installing EV Home Chargers in Illinois?

Yes, Illinois offers rebates for installing home EV chargers, including the Illinois EV Charger Install Rebate, which helps cover installation costs.

New EV Rebates for Businesses and the Public Sector

To promote equitable EV adoption, ComEd is launching two new rebate programs for business and public sector customers. 

These programs, totaling $87 million in 2024, reduce costs for all-electric fleet purchases and public charging infrastructure.

EV Purchase Rebates

In 2024, $57 million is available for EV purchase rebates. Rebates apply to purchases dating back to June 1, 2023.

Make-Ready Electrical Infrastructure Rebates

Additionally, $30 million is available for infrastructure rebates, covering up to $8,000 per Level 2 charger port or $1,000 per kW for Level 3 chargers, with retroactive applications accepted from June 1, 2023.

Over half of the rebate funds support investments in equity-eligible communities.

Additional ComEd Incentives

ComEd offers more incentives to support EV adoption and renewable energy:

  • Time-of-Use Rates: Lower electricity rates during off-peak hours.
  • Renewable Energy Credits: Incentives for solar panels and other renewable systems.
  • Energy Efficiency Programs: Rebates on energy-efficient appliances and home improvements.

Frequently Asked Questions About IL Electric Vehicle rebates

How Do I Apply for the ComEd EV Charger Rebate?

Purchase and install a qualifying Level 2 charger, then submit the required documents to ComEd for the rebate. Visit ComEd’s website for full details.

Are There Any Eligibility Requirements?

You must be a ComEd residential customer, install a qualifying charger within ComEd’s service area, and meet other program requirements.

Learn more about the Electric Vehicle Industry

ComEd’s EV Charger Rebate and other Illinois incentives make switching to an EV more affordable. Take advantage of these programs to save money, reduce your carbon footprint, and enjoy the benefits of EV ownership. 

Visit the EV Hover Blog to dive deeper into the world of EV vehicles and get answers to any other questions you might have today!