Colorado E-Bike Tax Credit and Rebate
Colorado E-Bike Tax Credit at CyclErie
Save $450 on your next e-bike purchase with Colorado’s E-Bike Tax Credit program! At CyclErie, we’re proud to help Colorado residents ride electric with instant savings at the point of sale. Explore our wide selection of qualifying e-bikes and let our team guide you through the process.
Why Choose an E-Bike? E-bikes offer an eco-friendly, cost-effective, and fun way to commute, exercise, or explore. With the Colorado E-Bike Tax Credit, going electric has never been more affordable!
About the Colorado E-Bike Tax Credit
Starting April 1, 2024, Colorado residents can claim a $450 tax credit on the purchase of a qualifying e-bike from participating retailers like CyclErie. This statewide program, running through 2032, aims to reduce emissions and promote sustainable transportation.
- Instant Discount: The $450 credit is applied directly at checkout—no waiting for reimbursements.
- Eligibility: Available to all Colorado residents, limited to one credit per person per calendar year.
- Qualifying E-Bikes: New e-bikes must meet specific criteria, such as maximum speed and motor wattage.
- Program Duration: Available for purchases made from April 1, 2024, through December 31, 2032.
How to Claim Your $450 Tax Credit at CyclErie
Claiming your tax credit is simple with CyclErie’s streamlined process. Follow these steps to save on your e-bike purchase:
- Choose Your E-Bike: Browse our wide selection of qualifying e-bikes from top brands like Giant, Aventon, Gazelle, and more.
- Complete the DR0514 Form: Fill out the Colorado Department of Revenue’s DR0514 form, available at CyclErie or online.
- Provide Proof of Residency: Present a valid Colorado ID, driver’s license, or other approved document (e.g., pay stub, lease, or bank statement) at the time of purchase.
- Enjoy Instant Savings: We’ll apply the $450 discount directly to your purchase price.
Note: The tax credit cannot be combined with other discounts or promotions, and sales tax is calculated on the full price before the credit is applied.
Why Shop at CyclErie?
At CyclErie, we’re passionate about helping you find the perfect e-bike. Here’s why we’re your trusted partner for electric biking:
- Wide Selection: We carry a variety of qualifying e-bikes to suit commuters, adventurers, and families.
- Expert Guidance: Our knowledgeable staff will help you select an e-bike and navigate the tax credit process.
- Top Brands: Shop trusted names like Salsa, Gazelle, Aventon, and more.
- Full Support: From test rides to maintenance, we’re here to ensure your e-bike experience is seamless.
- Statewide Service: Proudly serving the Front Range and all of Colorado!
Frequently Asked Questions
Who is eligible for the tax credit?
Any Colorado resident with a valid proof of residency can claim the $450 tax credit, once per calendar year.
What e-bikes qualify for the credit?
Qualifying e-bikes must be new and meet Colorado’s requirements, such as a maximum speed of 28 mph and a motor of 750 watts or less. Our staff can confirm eligibility for any e-bike in our inventory.
Can I use the tax credit with other discounts?
No, the tax credit cannot be combined with other promotions or coupons.
How is sales tax calculated?
Sales tax is applied to the full price of the e-bike before the $450 credit is deducted. For example, a $1,999 e-bike with 6.4% sales tax totals $2,126.94, then the $450 credit reduces the final cost to $1,676.94.
Is the tax credit available for online purchases?
The credit is only available for in-store purchases at participating retailers like CyclErie, where we can verify your residency and process the DR0514 form.
Ready to Ride with Savings?
Visit CyclErie to explore our qualifying e-bikes, schedule a test ride, or learn more about the Colorado E-Bike Tax Credit. Let’s get you rolling on your electric adventure!
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