August 20, 2023 - As announced in May, the Colorado Energy Office has now opened its first round of applications from Aug. 16-21, for a new program to cut the cost of e-bikes with rebates ranging from $500 to $1,400 US reports Colorado Public Radio (CPR).
Following the shockingly popular success of Denver’s e-bike vouchers, the state modified its program based on income levels – residents at or below 80% of their area median income (AMI) can apply for the biggest rebate of $1,100 US, while those earning 80-100% of their AMI qualify for a $500 US rebate.
All applicants can receive an additional $300 US if they purchase an e-cargo bike, and an extra $100 US to cover the cost of essential bike accessories like a lock and/or a helmet.
Participants can redeem the point-of-sale rebate at more than 100 e-bike retailers across the state which hopes to help approximately 7,000 residents. The program will last until it burns through $6.6 US million of funding allocated through air quality legislation signed into law in 2022 – and more rebates are coming.
Read the full article here.
