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Chevy Volt Gets New $500 Charger and Tax Breaks

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On: Thu, Oct 7, 2010 at 3:41PM | By: Chris Weiss

Chevy Volt Gets New $500 Charger and Tax Breaks

The Chevy Volt has just gotten a whole lot cheaper. In Lansing, Michigan. The Lansing Board of Water and Light announced this week that it will offer Lansing residents a matching grant of up to $7,500, which will double the tax break offered by the federal government, cutting up to a full $15 grand off the Volt's base price. That means Lansing Volt buyers will have the opportunity to walk away from the Chevy dealership with a $26,000 Volt. Not only does Lansing's program double the overall incentive to buy a Volt, it pays right on the spot rather than in the form of a tax credit.

In other Volt news, Chevy announced a new 240-volt charger that will cost $490 and will cut charging time to four hours.

Lansing's program is limited to the first 25 plug-in buyers, so if you live in the city and want to buy a plug-in at some point in the near future, you'd best act fast. While the program applies to plug-ins in general, the Chevy Volt will hit the market long before the Nissan Leaf, so all 25 spots are likely to go to Volt buyers. However, the program allows for people buying Volts or other federally eligible plug-ins elsewhere and then moving them to the Lansing area for coverage under the program.

There are already at least 29 people signed up for the grant, confirming that it will be highly competitive. Lansing hopes to allocate more money to the program to expand it to more consumers.

In addition to the cash payment, the LBWL will also pay for the costs of installing charging systems. This program is the best way I've seen to cut the costs of buying a plug-in vehicle.

That last stipulation of the program could prove to be important. While Chevy's new charger costs $490, the cost of installation is about triple that. Mother Nature Network gives the average installation cost of the 240V Voltec charger at $1,475. The charger promises to drastically cut the time it takes for a full charge on the Volt to four hours, down from 10 using a standard 120V charger. This would cut charging from an overnight affair to a something you could complete in an afternoon or morning.

SPX Service Solutions is working with Chevy on the charger program and will be in charge of installation. The company recommends waiting until your Volt order has been fully processed, with production underway, and then contacting them for installation.


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