LIPA Unveils Hybrid Rebate Program
The Long Island Power Authority unveiled its new Plug-In Electric Hybrid Vehicle (PHEV) Rebate program at Atlantic Chevrolet Cadillac of Bay Shore. The new PHEV rebate program, which will operate under the umbrella of Efficiency Long Island, will award a one-time rebate check of $500 to LIPA customers who purchase and register a new, qualified plug-in hybrid electric vehicle (PHEV) or plugin electric vehicle (PEV). The rebate will be available until year-end of 2011 and equates to the approximate electrical costs for yearly charging the PHEV or the cost for purchasing the optional charging station.
The rebate program will provide financial assistance to LIPA customers as well as allow LIPA to monitor the purchase and location of the electric plug-in hybrid vehicles for better reliability of the utility system. Information regarding the location of the vehicles is essential in planning for Long Island’s energy future.
“LIPA is the first utility in the State to offer this type of program to our customers,” said LIPA Chief Operating Officer Michael Hervey. “Providing incentives for these cars, which will likely be charged at off-peak times, will allow for LIPA to purchase power at lower costs, which benefits all of our customers economically and environmentally.”
“Partnering with the Long Island Power Authority to announce its new Plug-In Electric Hybrid Vehicle Rebate program is a win for the customer and a win for our dealership,” said Ronald DeTomasso, general manager for Atlantic Chevrolet. “We are happy to be one of the first dealerships on Long Island to deliver the Chevy Volt to a Long Island resident.”
A PHEV is a hybrid vehicle with a rechargeable battery that can be restored to full charge by connecting a plug to an electric power source. By using electric to power, gasoline usage will be substantially reduced, helping to cut your costs, reduce greenhouse gas emissions and reduce reliance on foreign oil.
“The public can now ‘plug into’ this new technology at a more affordable cost. More electric cars on the road will mean less pollution, less dependency on foreign oil and less need to engage in harmful fossil fuels extraction technologies. We need these types of public policies to help us transform our energy policy into a cleaner, safer and more sustainable way to live. Congratulations to LIPA for their green friendly policies,” said Adrienne Esposito, executive director, Citizens Campaign for the Environment.
“Plug-in hybrids and electric cars can help reduce our dependence on imported fossil fuels while lowering harmful air pollution,” said Gordian Raacke, executive director of the notfor profit organization Renewable Energy Long Island. “Thanks to LIPA’s new rebates, more Long Islanders will now be able to get rid of their gas-guzzlers and start saving on gas money.”
“The Greater Long Island Clean Cities Coalition is proud to support the efforts of the Long Island Power Authority in providing incentives for Long Islanders to afford alternative fuel vehicles and the fuel to power those vehicles. Congratulations to LIPA and General Motors on this joint program,” said Dominick Longbardi, chairman, GLICCC.
Since 2009, LIPA has been engaged in the study of PHEVs in collaboration with New York Institute of Technology (NYIT) and the Electric Power Research Institute (EPRI). The purpose of the study was to research and analyze the impact of electric vehicle technology on LIPA’s electric system and investigate solar power as one potential technology to charge the vehicles without drawing power from the grid.
This PHEV rebate is offered under LIPA’s Efficiency Long Island program – a customer-funded, 10-year, $924 million energy efficiency program which offers a wide array of incentives, rebates and initiatives to LIPA’s residential and commercial customers to assist them in reducing their energy usage and thereby lowering their bills.