Federal Tax Credit (Lease)
For Tesla leases, the federal tax credit goes to:
(not you โ but it lowers your payment)
Tesla captures the $7,500 federal tax credit and uses it to reduce your lease payment. You don't file for it on your taxes. The amount of savings varies by model and term.
Find Your State Incentives
Select your state to see available rebates for Tesla leases:
Note: CVRP rebate available for leases with 36+ month terms. Income limits apply.
Tax credit applies to leases with 24+ month terms. Must be registered in CO for at least 2 years.
Drive Clean rebate point-of-sale for leases. Amount varies by battery size.
No sales tax on EV leases in NJ โ saves ~$40/month on Model 3.
MOR-EV available for leases 36+ months. Point-of-sale discount.
Check with Austin Energy, CPS Energy, or Oncor for local incentives.
We're building out our database! For now, check:
- Your state's energy office website
- Local utility company EV pages
- DSIRE (Database of State Incentives for Renewables)
Top State Incentives at a Glance
Utility Company Incentives
Many electric utilities offer additional rebates for EV leases. Here are some of the largest:
| Utility | Service Area | Rebate Amount |
|---|---|---|
| PG&E | Northern CA | $800 |
| SCE | Southern CA | $1,000 |
| SDG&E | San Diego | $1,000 |
| Xcel Energy | CO, MN, NM | $1,500โ$3,500 |
| National Grid | MA, NY, RI | $1,000 |
| Con Edison | NYC area | $500 |
| Austin Energy | Austin, TX | $1,200 |
How Incentives Apply to Leases
For leases, incentives work differently than purchases:
- Federal tax credit: Goes to Tesla (as lessor), used to lower your payment
- State rebates: May go to you directly or to Tesla โ varies by state
- Utility rebates: Usually go to you after lease is signed
- Sales tax exemptions: Applied at signing, lowers your monthly payment
States with Sales Tax Exemptions for EV Leases
| State | Benefit | Monthly Savings (Model 3) |
|---|---|---|
| New Jersey | No sales tax on EVs | ~$40 |
| Washington | No sales tax (until July 2025) | ~$45 |
| Oregon | No state sales tax (all vehicles) | ~$35 |
| Maryland | $3,000 excise tax credit | ~$25 |
Income-Qualified Programs
Several states offer enhanced rebates for low-to-moderate income households. Check your state's program for income limits.
Frequently Asked Questions
No โ Tesla receives the credit and uses it to lower your monthly payment. You don't file for it on your taxes.
Yes. Federal credit is built into the lease, and state rebates can be combined (depending on the program rules).
Usually yes. You apply after taking delivery. Check your utility's specific rules.
California and New Jersey consistently rank highest due to rebates + sales tax exemption.
Some require pre-approval, others are after purchase. Check each program's timeline.
Sources: DSIRE database, state energy office websites, utility company EV pages. Current as of March 2026. Incentives subject to change and funding availability.