Tax Incentives and Benefits

Trico’s Electric Vehicle Unlimited Rate (EV Unlimited Rate) is now available for eligible Trico Members who have electric vehicles (EVs). For Members on this rate, Trico will own and install a Level 2 charger at the Member’s home. Trico Members who sign up for the EV Unlimited Rate will receive unlimited EV charging with a Trico-installed charger at a fixed monthly cost when charging between the hours of 9 a.m. – 4 p.m. and 10 p.m. – 6 a.m. Charging outside of these hours will result in a $0.25 per kWh charge in addition to the fixed monthly cost. This experimental rate is available to the first 1,000 Trico Members who sign up.

This rate is designed to support the growing EV demand, and we recognize Trico Members with EVs have different needs. Members on this rate benefit from charging their EV in the convenience of their own home with the reliability and excellent service Trico provides.

Trico’s voluntary Residential Electric Vehicle Time-of-Use Rate (EV TOU Rate) is now available for eligible Trico Members who have electric vehicles (EVs). Trico Members who sign up for the EV TOU Rate will receive up to 400kWh of energy at a forty-five percent rate reduction if they charge their EVs between the hours of 10:00 p.m. and 5:00 a.m. This experimental rate is available to the first 1,000 Trico Members who sign up.

This rate is designed to support the growing demand for EVs among Trico Members, reduce strain on Trico’s system during peak hours, and lower costs for Trico's overall membership.

A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.

New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.

Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.

The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.

Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.

If you install qualified vehicle refueling and recharging property at your home, including electric vehicle charging equipment, you may be eligible for a credit of up to $1,000 for each item of property.

Electric vehicles with Alternative Fuel Vehicle license plates may use HOV lanes across Arizona regardless of vehicle occupancy.

Arizona Electric Vehicle owners are eligible for a reduced vehicle license tax. The rate of taxation is $4 per $100 of assessed value.

All electric vehicles are exempt from emissions testing in Arizona.