Rebates worth up to $3,750 each for Level 2
charger purchase and installation; 50 percent of rebate funds
reserved for equity-eligible communities to support equitable
access to EVs
As part of a larger investment to accelerate an equitable
adoption of electric vehicles (EVs) in northern Illinois, ComEd
today launched a new rebate program to increase access to EV
chargers. Through the $5 million EV Charger and Installation
Rebate Program, ComEd customers can receive rebates of up to
$3,750 to offset the cost of purchasing and installing a Level 2
charger in their home in 2024. Level 2 chargers can charge an EV
battery 6 to 8 times faster than charging from a wall outlet, often
referred to as a Level 1 charger.
To qualify, customers who live in a single-family home, or
multi-family home with two units or less, must demonstrate purchase
of a Level 2 charger on or after February 1, 2024. Rebates ranging
from $2,500-$3,750, with funding not exceeding the total cost of
purchase and installation, will be provided on a first-come,
first-served basis, with low-income customers and customers
residing in equitable-eligible communities qualifying for the
highest rebate amounts. For more information on application
requirements, and to apply, visit ComEd.com/clean.
“ComEd is thrilled to launch our new EV Charger Rebate program
as part of our ongoing work to accelerate the benefits of
transportation electrification throughout northern Illinois,”
said Melissa Washington, SVP of Customer
Operations and Chief Customer Officer at ComEd. “The air
quality and sustainability benefits of EVs are clear, but we know
this technology is not yet attainable for all our customers. Our
new programs are working to eliminate barriers so more customers
can reap these benefits, particularly those facing financial
barriers and those who reside in communities most adversely
impacted by pollution and air quality issues.”
To make EVs more accessible, the program offers the highest
rebates and reserves 50 percent of funds for equity-eligible
communities, including low-income customers and customers living in
Equity Investment Eligible Communities (EIEC), as defined by the
state of Illinois. This EV charger and installation rebate program
is part of a multi-year investment by ComEd, launched last year to
accelerate adoption of electrified technologies, including EVs.
Efforts to boost EV charging access for customers are key to
advancing the goal of 1 million EVs on Illinois roads by 2030 set
by the State’s Climate and Equitable Jobs Act (CEJA).
EVs are on the rise in Illinois, with 93,000 registered
statewide, including 80,000 EVs driving in ComEd’s service
territory, up from 17,000 electric vehicles in the region in 2019.
Despite the many environmental and cost savings benefits of EVs,
barriers to their adoption continue to exist, including upfront
financial costs, range anxiety (the fear that the EV battery charge
won’t cover the distance you are traveling), and the cost to
purchase or install EV infrastructure like EV chargers. The new
charger rebate program for residential customers aims to
significantly expand access to charging equipment, eliminating one
of the key demonstrated barriers to EV adoption. This new ComEd
program will further increase access to EVs, building on the
Illinois state EV rebate program and federal EV tax credits for new
and used EV’s that are helping make EV ownership available to more
people.
EVs provide numerous benefits for customers. Not only do they
offer fuel and maintenance cost savings and performance benefits,
but communities can experience broad environmental improvements
from reduced tailpipe emissions. Additionally, electrifying
transportation—including cars, trucks and public transit fleets—can
create tangible health benefits for all communities and families
across northern Illinois, especially communities which have
traditionally borne the brunt of climate change and air
pollution.
“With dangerous air pollution still a regional challenge and
with the burdens of asthma weighing more heavily on lower income
communities, this new EV program will help reduce air pollution
from the largest source in northern Illinois and make owning a
clean, zero-emission vehicle more affordable precisely where they
can provide the greatest health benefits,” said Brian
Urbaszewski, Director of Environmental Health Programs at
Respiratory Health Association.
“Rebates are key to making EV ownership more accessible in our
communities,” said Mary Ellen Guest, Executive Director of the
Chicago Bungalow Association. “This program will help our
members, especially those on the South and West sides of the City,
to add in-home charging to further reduce reliance on fossil fuels
on the road.”
“ComEd’s investments to expand EV adoption will support our
regional efforts to address climate change and enhance air quality
by reducing tailpipe emissions,” said Kevin Burns,
Metropolitan Mayors Caucus Chairman of the Executive Board,
Environmental Committee and Energy Subcommittee. “New rebate
programs from ComEd will complement the work our local governments
are doing to develop infrastructure, policy and to lay the
framework for an equitable EV future here in northern
Illinois.”
New residential rebates are just one aspect of ComEd’s
beneficial electrification investments. Coming soon, ComEd will
launch business and public sector rebates for EVs and make-ready
charging infrastructure – with a focus on serving businesses, mass
transit agencies, and local governments, among other eligible
customers. All together, these efforts seek to promote equitable
access to EVs, lower costs of EV adoption for customers and
communities, and accelerate the buildout of a regional network of
EV charging to serve more customers – a key factor to growing EV
adoption.
Using ComEd’s free EV Toolkit, residential, business, and public
sector customers can generate detailed information about EV
conversion cost savings and learn more about a variety of charging
options and how to select the right choice to suit their needs at
home, based on their driving habits. Also, customers can discover
how to find publicly available charging near them. To learn more,
visit the EV Toolkit at www.comed.com/ev.
ComEd is a unit of Chicago-based Exelon
Corporation (NASDAQ: EXC), a Fortune 250 energy company with
approximately 10 million electricity and natural gas customers –
the largest number of customers in the U.S. ComEd powers the lives
of more than 4 million customers across northern Illinois, or 70
percent of the state's population. For more information visit
ComEd.com, and connect with the company on Facebook, Instagram,
LinkedIn, X, and YouTube.
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