Press release
ComEd Encourages Residential Customers to Apply for New EV Charger and Installation Rebate
Rebates worth up to $3,750 each for Level 2 charger purchase and installation; 50 percent of rebate funds reserved for equity-eligible communities to support
About this update from Exelon Corporation
[{"type":"text","content":"\nRebates worth up to $3,750 each for Level 2 charger purchase and installation; 50 percent of rebate funds reserved for equity-eligible communities to support equitable access to EVs\n\n\n CHICAGO--(BUSINESS WIRE)--\nAs part of a larger investment to accelerate an equitable adoption of electric vehicles (EVs) in northern Illinois, ComEd today launched a new rebate program to increase access to EV chargers. Through the $5 million EV Charger and Installation Rebate Program, ComEd customers can receive rebates of up to $3,750 to offset the cost of purchasing and installing a Level 2 charger in their home in 2024. Level 2 chargers can charge an EV battery 6 to 8 times faster than charging from a wall outlet, often referred to as a Level 1 charger.\n\n\nTo qualify, customers who live in a single-family home, or multi-family home with two units or less, must demonstrate purchase of a Level 2 charger on or after February 1, 2024. Rebates ranging from $2,500-$3,750, with funding not exceeding the total cost of purchase and installation, will be provided on a first-come, first-served basis, with low-income customers and customers residing in equitable-eligible communities qualifying for the highest rebate amounts. For more information on application requirements, and to apply, visit ComEd.com/clean.\n\n\n“ComEd is thrilled to launch our new EV Charger Rebate program as part of our ongoing work to accelerate the benefits of transportation electrification throughout northern Illinois,” said Melissa Washington, SVP of Customer Operations and Chief Customer Officer at ComEd. “The air quality and sustainability benefits of EVs are clear, but we know this technology is not yet attainable for all our customers. Our new programs are working to eliminate barriers so more customers can reap these benefits, particularly those facing financial barriers and those who reside in communities most adversely impacted by pollution and air quality issues.”\n\n\nTo make EVs more accessible, the program offers the highest rebates and reserves 50 percent of funds for equity-eligible communities, including low-income customers and customers living in Equity Investment Eligible Communities (EIEC), as defined by the state of Illinois. This EV charger and installation rebate program is part of a multi-year investment by ComEd, launched last year to accelerate ado...