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Colorado Ebike Tax Credit, Rebate, Voucher 2024: How to Apply as Retailer & Consumer

Colorado Ebike Tax Credit, Rebate, Voucher 2024: How to Apply as Retailer & Consumer

February 26, 2024

Interested in getting a rebate on an ebike? While Colorado ebike rebates will be ending as of February 19th, 2024, Colorado will shift from offering ebike rebate lotteries to providing a direct $450 tax credit for ebike purchases, effective April 1, 2024. This immediate discount is available at checkout from selected retailers statewide.

  1. 1. What Kind of Ebikes Qualify For The New Tax Credit?
  2. 2. What Ebike Retailers Should Know
  3. 3. Denver Ebike Rebate Vouchers
  4. 4. Additional Colorado Ebike Rebates

What Kind of Ebikes Qualify For The New Tax Credit?

The Colorado Energy Office (CEO) is finalizing which ebikes and batteries will be eligible for this credit, based on stakeholder feedback collected from November 2023 to January 2024.

What Ebike Retailers Should Know

Qualified Retailers:

  • - Must register with the Department of Revenue (DOR) via their Revenue Online account (see the DOR ebike tax credit webpage for more information)
  • - Must sell qualified ebikes (criteria TBD)
  • - Must hold a State of Colorado sales tax license
  • - Must have filed, in a timely manner, a monthly sales tax return showing a tax liability for at least 12 months
  • - Must have paid the taxes due on the monthly sales tax return

Retailers will collect an affidavit form (to be supplied by the Department of Revenue) from each customer receiving the discount and will submit the affidavits with a quarterly report to the Department of Revenue.

In the first year of the program (2024), participating retailers will not be able to collect advanced payments of the credit. CEO recognizes that this may present a hardship for some retailers and is speaking with lenders about possible loan options for the first year.

The Colorado Enterprise Fund (CEF) is available for ebike retailers needing financing support for their businesses. CEF offers fair, flexible, fixed rate financing to Colorado businesses who would not otherwise qualify for traditional bank financing.

Denver Ebike Rebate Vouchers

A limited number of ebike rebate vouchers are available for Denver residents every other month. The rebate voucher is a point-of-sale rebate applied to the price of an ebike or ecargo bike from a participating bike shop. This means the rebate amount is deducted from the price of the bike when you buy it. You don’t have to submit a receipt and get reimbursed after the purchase. The city awards vouchers on a first-come, first-served basis.  

Subscribe to their newsletter to be notified before and on release days.

Follow these steps and be on your way to owning your own ebike:

Step 1: Determine which rebate voucher is right for you

There are three types of rebates available:

Standard Rebate

Resident of the City and County of Denver can qualify for a $300 point-of-sale rebate on the sale of an ebike or up to $500 on the sale of an e-cargo bike.  

Standard Rebate Participant Eligibility

To be eligible for an ebike rebate voucher, you must be a resident of Denver, Colorado and be 16 years of age or older. Proof of a physical Denver address is required. All documents presented must be dated within one year of application. Examples:

  • - Colorado Driver's License
  • - Computer Generated Bill (utility, credit card, doctor, hospital, etc.)
  • - Bank Statement
  • - Pre-Printed Pay Stub
  • - First-Class Mail (from a government agency or court)
  • - Current Homeowners, Renter's, or Motor Vehicle Insurance Policy
  • - Mortgage, Lease or Rental Contract
  • - Transcript or Report Card from an Accredited School
  • - Motor Vehicle Registration
  • - USPS Change Of Address Form (CNL107),
  • - DD214
  • - Individuals who are unable to provide acceptable documents to verify their physical Denver, Colorado address may be eligible to provide alternative documents to meet the requirements
  •  

Income-Qualified Rebate

If you meet our income-qualified requirements, you can save up to $1,200 on the sale of an ebike or up to $1,400 on the sale of an e-cargo bike.

Income Qualified Rebate Participant Eligibility

To qualify for any of our ebike rebates, you must be a resident of Denver, Colorado and be 16 years of age or older. Proof of a physical Denver address is required. All documents presented must be dated within one year of application.

To meet the income-qualified requirements, your household income must also be either:

  • - Below 60% of the state of Colorado’s median income
  • - Below 200% of the relevant federal poverty level
  • - Below 80% of area median income.
  •  

You will need to upload at least one of these documents to confirm your household income meets these thresholds:

Adaptive Rebate

If you are a person with a disability and you are unable to use a standard ebike, you may be eligible to save up to $1,400 on the sale of an adaptive ebike. Adaptive ebikes are designed to meet individual and specialized needs of their specific riders.  

The adaptive rebate can be applied for at any time and does not need to happen during the standard ebike rebate release period. The adaptive rebate has a separate application process. Adaptive rebates can only be used at select bike shops.

Learn More about Adaptive Ebike Rebates

To qualify for any of our ebike rebates, you must be a resident of Denver, Colorado and be 16 years of age or older. Proof of a physical Denver address is required. All documents presented must be dated within one year of application.

To qualify for the adaptive ebike rebate program, you must have a disabling condition that significantly impairs your ability to ride a standard ebike. Examples of such conditions include a person who uses a wheelchair, walker or crutches, relies on oxygen, has conditions impacting the ability to balance while standing, walking, or riding a bike, or in some other way is unable to use and enjoy a standard ebike.

A professional must verify in writing that you require an adaptive ebike.  

When to apply:

Due to the unique nature of adaptive participants' needs, the adaptive rebate can be applied for at any time and does not need to happen during the standard ebike rebate release period.

Adaptive ebikes:

ebikes are expensive and adaptive ebikes tend to be even more expensive, typically ranging in price from $4,000 - $10,000. Due to the increased cost of adaptive ebikes, we have increased the rebate for adaptive ebikes to $1,400.

Unfortunately, even with the increased rebate for the adaptive ebikes, you should expect to have potentially high out of pocket costs. If you have a disability but are still able to ride an ebike, we recommend that you proceed through the standard rebate process.  

The adaptive ebike can only be redeemed at a participating bike shop that sells adaptive bikes. It cannot be redeemed at any other participating bike shop.

Step 2: Prepare for Voucher Release Day

To prepare for voucher release day, make sure to Sign up for the newsletter for voucher release updates. Then upload the documents you will need on your computer or phone. All voucher applicants will need:

  • - Proof of residency
  • - If you are applying for the income-qualified rebate, you will also need proof of eligibility
  •  
  • NOTE: You cannot sign up in advance, but having your documents ready for upload will make the process quicker.

Step 3: On Voucher Release Day

The portal address is www.denverclimaterebates.com. The portal opens at 11 a.m on the voucher release day.

  1. 1. Register as a new user.  
  2. 2. You will receive an email with a verification code from our vendor partner, APTIM.
  3. 3. IMPORTANT NOTE: Please allow up to 10 minutes to receive your verification code email. Remember to check your spam and junk folders!
  4. 4. If you request another verification code, the previous code will become invalid, and you may delay your access to the portal. Please be patient and do not request another verification code.

Once you receive your verification email:

  1. 1. Go back to www.denverclimaterebates.com.
  2. 2. Enter your verification code and complete the online application. The application requires:
  3.     a. Your name
  4.     b. Address
  5.     c. Contact info
  6.     d. 1-2 uploads (file size limit is 5MB). Have your proof of residency and income-qualified documentation ready to upload.
  7.  

If you receive a voucher:

  1. 1. You will receive an email confirming you have received a voucher. After verifying your documents, we will send your ebike voucher code to you via email.
  2. 2. Allow up to 14 business days for the initial review of your application. Once approved, you will receive an email titled “Denver Project Coordinator.” This email will have an ebike voucher code.
  3. 3. If you need to provide more documentation, we will let you know what you need to provide. You will have two weeks to provide the requested additional information.
  4. 4. You will have 60 days to use your voucher.

Step 4: Get Your Bike

  1. 1. Go to the nearest Aventon dealer near you that’s registered for therebated and find the right ebike for you. All Aventon ebikes are rebate ready.
  2. 2. Take your voucher code and your ID to the participating bike shop.
  3.     a. NOTE: You will be responsible for paying the sales tax on the bike.
  4.     b. If the voucher exceeds the bike’s price, you are still responsible for the sales tax.
  5.     c. There is no minimum or maximum purchase price.

Step 5: Redeeming Your ebike Rebate Voucher at a Participating Bike Shop

For voucher application status or if you have trouble using your voucher, email denverrebatelogins@aptim.com.

To qualify for the ebike rebate, you must buy a new ebike from a participating bike shop. The ebike must be for use by the ebike rebate applicant and not for resale. Rebates are not retroactive to past purchases.

To take part in Denver’s ebike rebate program, bike shops must have a brick and mortar retail location in Denver that sells qualifying ebikes and provides on-site sales, service and repair. Bike shops must confirm that the name on each ebike voucher matches the name of each ebike buyer in-person at the time of sale.

Additional Colorado Ebike Rebates

Other than the statewide Colorado ebike rebates and tax credit, you can find additional ebike rebates in the following cities and counties.

Colorado Cities

Colorado Counties

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