Colorado EV incentives in 2026

Colorado programs and current status

• Innovative Motor Vehicle Credit

  Open

  For tax year 2026 the credit is $750 for a purchase or a lease of at least two years. No credit is allowed for a vehicle with an MSRP above $80,000. The credit is refundable and can be assigned to the dealer or financing entity at the time of purchase.

  Colorado Department of Revenue: credit amounts by tax year

• Additional credit for vehicles under $35,000 MSRP

  Open

  An extra $2,500 credit applies to a qualifying vehicle with an MSRP under $35,000, for tax years 2024 through 2028. Most new Tesla configurations sit above that threshold, so check the window sticker MSRP, not the price you pay.

  Colorado Department of Revenue: additional credits

• Vehicle Exchange Colorado (VXC)

  Limited or funding-dependent

  Income-qualified program that pays toward replacing an older or high-emitting vehicle with a new or used EV. Funding rounds and award amounts change; confirm with the Colorado Energy Office before you rely on it.

  Colorado Energy Office: EV incentives

Statuses reflect the last review date shown above. Funding rounds open and close without much notice, so confirm before you order.

Federal context (2026)

The federal Clean Vehicle Credit for new EVs ended for vehicles acquired after September 30, 2025, so a new EV delivered in 2026 should not be assumed to qualify for the former $7,500 credit. The federal charger credit (Alternative Fuel Vehicle Refueling Property Credit, Form 8911) applies only to qualifying property placed in service on or before June 30, 2026, and the residential clean energy credit for solar and battery storage (Form 5695, section 25D) ended for expenditures made after December 31, 2025. Confirm current rules with the IRS or a qualified tax professional.

IRS clean vehicle credit guidance

Other things to check in Colorado

• • The vehicle must be new and titled and registered in Colorado; used vehicles do not qualify for the innovative motor vehicle credit
• • Leases must run at least two years for the lessee to claim the credit
• • Colorado charges an additional annual registration fee on plug-in vehicles; check current amounts with your county clerk
• • Charge Ahead Colorado grants target charging equipment for businesses, multifamily, and governments rather than individual buyers

Programs, funding, and eligibility change often. Verify with the Colorado energy office or the U.S. Department of Energy's alternative fuels data center before ordering.

Utility programs to check

• • Xcel Energy Colorado EV charger rebates and time-of-use rates
• • Black Hills Energy Colorado EV programs
• • Colorado Springs Utilities EV and solar programs
• • Holy Cross Energy EV charger and home battery incentives

Contact your utility directly for current rebates, EV time-of-use rates, and home charger install programs. Rules vary by service territory.

How the Tesla referral benefit fits in

Tesla's referral benefit is separate from any state, local, or utility program. A referral link may add a Tesla-provided buyer benefit on top of anything you qualify for through Colorado agencies or your utility. Use the link before you place the order, because Tesla does not apply a referral to an order that was already submitted. Tesla controls eligibility, current benefits, and program availability, and can change or end them at any time.

Before you order in Colorado

• • Verify every Colorado, local, and utility program with the issuing agency
• • Confirm eligibility for your specific model, trim, and delivery date
• • Confirm the current Tesla referral benefit and whether your chosen configuration is eligible
• • Use the referral link before checkout, then verify the benefit shows in your Tesla account