Minnesota To Offer E-Bike Rebates Up To 75% Of The Cost Of Qualifying Bikes

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This summer season, Minnesota residents can apply to get e-bike rebates which are price as much as 75% of the price of an e-bike and sure equipment, which may go a good distance towards getting extra individuals within the saddle. The state has allotted $2 million for 2024 and $2 million for 2025 to fund the e-bike rebate program.

To be eligible to use for an e-bike rebate by means of the Division of Income, the particular person have to be a present Minnesota resident and a resident within the earlier tax yr, could not have been claimed as a dependent within the earlier tax yr, and have to be a minimum of 15 years previous. The quantity of the rebate will rely upon the applicant’s earnings, so this program may very well be pivotal in enabling low earnings residents to buy an e-bike.

Functions for the rebates will open June fifth, 2024, on a first-come, first-serve foundation, and the state will begin issuing rebate certificates starting July 1 to these authorized. As soon as the certificates is acquired, people could have as much as two months to buy an e-bike from an authorized retailer, which can then apply the low cost on the rebate on the time of buy. The rebate certificates might be price as much as 75% of the worth of “eligible items, up to $1,500,” which can embrace sure equipment, particularly bike helmet, lights, lock, baggage rack, basket, bag or backpack, fenders, and reflective clothes.

With the intention to qualify as an eligible e-bike retailer, an utility have to be submitted to the Division of Income, which might be accessible beginning Might 1. As well as, retailers “must have been engaged in the business of retail sales of new electric-assisted bicycles (e-bikes) for at least 6 months,” so no e-bike popup retailers want apply. After honoring a rebate certificates for an e-bike buy, retailers could have one month to request reimbursement.

For Minnesota residents taken with getting a bit of the e-bike rebate motion, more details of the program are herein addition to a hyperlink to a signup type to be notified when the applying course of is open.