Posts Tagged SIWIBABE
I’ve never been to Hawaii, but I imagine it’s a perfect place for an EV like the Brammo Enertia. It’s pretty small. The weather’s great. And they have some great roads for riding on. It’s also the next stop on the SIWIBABE list (States in which I’d buy a Brammo Enertia).
This month, Hawaii is scheduled to begin providing “rebates for Hawaii residents, businesses, State and County agencies, and nonprofit entities for the initial purchase of new, commercially available electric vehicles for use in Hawaii and for the purchase and installation of commercially available charging equipment in Hawaii.” See this page.
Oops. Almost forgot the standard Brammofan Tax Advisor Disclaimer:
Disclaimer: Don’t get your tax or other financial advice from anyone whose online name ends in -fan. This means: do your own homework on this purchase. I’m just trying to get you to think.
The amount of the tax rebate (hey! it’s a rebate, not a credit, so you’re getting a check, Dan-o) is “up to 20% of the vehicle purchase price, up to a maximum of $4500 per vehicle.” I’m not sure why they put that first “up to” there… I see no other limiting information, but the official applications may include some fine print to mull over.
Let’s go to the numbers:
$7995 – retail price of the Brammo Enertia
-799 – Federal Tax Credit
-1599 – Hawaii Tax Rebate
Not too shabby, Big Kahuna. On the SIWIBABE list, that puts the Aloha State in between Illinois and Georgia:
Of course, there’s also the problem of getting a Brammo Enertia to the Big Island. I am somewhat doubtful that Brammo’s $500 delivery fee for residents of states other than California and Oregon would apply, but it you’re one of the thousands of readers of Brammofan in Hawaii, and you’re ready to give it a shot, put down that pina colada and get busy: http://www.brammo.com. Or, if you want to wait for the Empulse, at least get your preorder in. The Empulse 10.0 would be:
-1399 Fed cred
-2799 Hawaii rebate
This information should be showing up soon over on empulsebuyer.com, as well, complete with his Total Cost of Ownership calculator.
Maryland just passed a law that could potentially save a Brammo Enertia buyer some bucks. The amount of the incentive would equal 100 percent of the amount of the excise tax Maryland charges on vehicle purchases. This excise tax is 6% of the cost of the vehicle, or, in the case of a purchase of a Brammo Enertia at $7995, that’s $480. You would also get the $800 federal tax credit.
Should this be treated as equal to some of the other credits and rebates I’ve written about in my SIWIBABE* list?:
*States In Which I’d Buy a Brammo Enertia
Someday, a Georgia resident will be able to walk into their local Best Buy store and purchase a Brammo Enertia. In preparation for that day, I have written this, the sixth post in the series (of unknown length) known as SIWIBABE (States In Which I’d Buy a Brammo Enertia).
I’d like to dedicate this post to Margaret Mitchell, the author of “Gone With The Wind.”
Scarlett: Rhett! We’re out of gas! The Union soldiers are approaching. Whatever will I do?
Rhett: Frankly, my dear, I don’t give a damn what you do. I know what I’m going to do. I’m going to walk over to the Best Buy, Midtown Atlanta (1210 Caroline St NE) and buy a Brammo Enertia for the already low retail price of $7995.
Scarlett: But Rhett… we don’t have that kind of money. I had to make this dress out of the curtains in the foyer.
Rhett: Scarlett, you should know that there are some significant tax incentives that apply to the purchase of this fine mechanical steed. For example, after the Union victory, the government will let us apply a 10 percent income tax credit on our purchase. That’s $799 off of $7995 right there, bringing the price down to $7196.
Scarlett: But Rhett. That’s still too much. I’ll have to sell Prissy to the obstetrician/gynecologist in town.
Prissy: But Miss Scarlett. I don’t know nothin’ ’bout birthin’ no babies!
Scarlett: Never you mind. Well, Rhett?
Rhett: Scarlett, we’re fortunate to be living in a state with a Zero Emission Vehicle Tax Credit (See Georgia Code, 48-7-40.16) It allows me to take a 20% income tax credit on the cost of my Brammo. That’s $1599. With the Federal Tax Credit, that brings the cost of the Enertia in Georgia down to $5696. Why, that’s even lower than California’s out-of-pocket cost because, in Georgia, you don’t have to buy the extra year of the two year warranty.
Rhett: That’s what I said. $5696.
Scarlett: Let me get my purse. As God is my witness, I’ll never go to the gas station again!
For more posts on the SIWIBABE: