Key takeaways:

• The Charge Up New Jersey program offers up to $4,000 in EV incentives for eligible residents.
• Utilities like PSEG and JCP&L provide extra EV charger incentives and bill credits in Monmouth County.
• You can stack EV incentives for even bigger savings.

Between New Jersey’s generous state rebate and utility perks, the savings can stack up quite nicely to help you go electric.

Here’s everything you need to know about the New Jersey EV rebate and how much you can receive toward your new electric vehicle.

Charge Up New Jersey: How Much Is the EV Rebate?

Good news if you’re thinking about purchasing an EV: New Jersey is one of the states with the best EV incentives. Many New Jersey drivers have already saved thousands when buying a new electric vehicle or plug-in hybrid, and there are still plenty of funds to distribute.

What is Charge Up New Jersey?

Charge Up New Jersey is a state-run program that helps residents get money back for new electric vehicles. The state uses money from its Clean Energy Fund for these rebates, which means you can claim your Charge Up incentive as long as there are funds available.

One major rule separates this rebate from typical mail-in offers. You cannot get the rebate after you buy your car; you’ll have to get approval before visiting a qualifying dealership to lock in your rebate.

Rebate Breakdown: How Much Can You Save?

The rebates apply to new electric vehicles and plug-in hybrids purchased or leased through approved New Jersey dealerships.

Here’s how much you can save:

• Every eligible applicant gets $1,500 for a qualifying new electric vehicle or PHEV.
• If your household income is below a certain threshold, you can earn an extra $2,500 bonus, for a total savings of up to $4,000.
• You can also get a rebate of up to $250 on a new Level 2 EV charger installed at your home.

This means you could leave the dealership with up to $4,000 in instant savings off your new EV.

Eligibility Rules and How to Qualify

To get the most out of these programs, you need to stick to a few important steps:

Prequalify Before You Shop

The Charge Up New Jersey incentive is not automatic. You must start your application and prequalify before buying your EV. The prequalification process takes up to ten business days, so plan ahead. You’ll need proof of residence, information on your income (for the bonus rebate), and details about the vehicle you want.

Buy or Lease from Approved Dealerships

The rebate applies only to cars bought or leased from dealers approved by the state. Most big-name dealerships in New Jersey work with the program, but it pays to double-check before you shop.

Vehicles That Qualify

Most new electric vehicles and plug-in hybrids on the market qualify, as long as they meet the program’s minimum battery size and price limits. State rules can change as new models arrive, so check for current qualifying vehicles online.

How to Get the New Jersey Charger Rebate

Home charging makes EV ownership easy and helps you pay less for keeping your battery full. After your vehicle purchase, you can apply for the $250 Charge Up EV charger incentive. You’ll need proof of purchase and installation to get the rebate.

Additional Utility Incentives: Save More on Charging

After you get your new car and install your charger, your local utility might help you save even more. Two of New Jersey’s largest utilities serving the Marlboro area have rolled out their own incentive programs for EV owners.

PSEG Bill Credit Rebate

Public Service Electric & Gas (PSEG) serves most of northern and central New Jersey. This utility offers a one-time incentive for installing a charger, and an ongoing bill credit for charging your EV during off-peak hours.

To qualify, you’ll need to:

• Own or lease a qualifying electric vehicle.
• Install a smart Level 2 charger in your home.
• Register the charger with PSEG’s program.

Jersey Central Power & Light (JCP&L) Incentives

JCP&L has an EV-driven program with rebates on charger installation and utility-side electrical upgrades. Once your charger is installed, you can earn additional rewards in the form of bill credits for charging during off-peak hours.

Federal EV Tax Credit: Stack Your Savings

You can stack these incentives with a federal tax credit for your new EV purchase through September 2025. This federal credit goes up to $7,500, depending on the battery size and manufacturer requirements.

Here’s how much you could save:

• Charge Up New Jersey base rebate: $1,500.
• Charge Up New Jersey income-based bonus: $2,500 (if eligible).
• Federal tax credit: up to $7,500.
• Charger incentive: $250.
• Utility rebate (PSEG or JCP&L): varies by provider.

Stacking these programs could save you over $10,000 in total, lowering your out-of-pocket costs on a new EV.

Plan Your EV Charger Installation With JAXSL

JAXSL is a licensed EV charger installer in the Marlboro, NJ area. We offer safe and reliable installations so you can get the most out of your EV with a convenient at-home charging experience.

We can help you navigate EV incentives and guide you through the process of claiming charger rebates from the state and utilities.

Give us a call at 844-452-9538 to learn more about our EV charger installation services.

FAQ

What is the biggest EV incentive for New Jersey residents?

The top rebate is the Charge Up New Jersey program, where you can get up to $4,000 off a new electric vehicle, as long as you meet the eligibility rules.

Are used vehicles eligible for Charge Up New Jersey?

No, the program only covers new electric vehicles and plug-in hybrids bought or leased from approved New Jersey dealerships.

Can I get a rebate for installing an EV charger in New Jersey?

Yes, New Jersey offers up to $250 for a new Level 2 charger as part of the Charge Up program. Your local utility may also offer an additional rebate you can stack with the state incentive.