2027 Bolt EV Tax Credits and Illinois Rebates for Plainfield Buyers
EV Incentives Guide
2027 Bolt EV Tax Credits and Illinois Rebates for Plainfield Buyers
The federal $7,500 EV tax credit ended September 30, 2025 and no longer applies. Here’s what Plainfield buyers can still get: the Illinois EV rebate, ComEd’s EV time-of-use rate plan, and the now-ended home charger credit’s fine print.
Quick Answer
The federal $7,500 Clean Vehicle Credit ended September 30, 2025 and is not available on the 2027 Bolt EV. Illinois still offers an EV rebate (up to $2,000 for most buyers, up to $4,000 for income-qualified applicants) through its current cycle, open now through December 31, 2026. ComEd’s EV time-of-use rate plan can still save $200-$400 per year on charging. The federal home charger tax credit also ended, for any installation completed after June 30, 2026.
The federal Clean Vehicle Credit has ended
The federal Clean Vehicle Credit (Section 30D) used to offer up to $7,500 on qualifying EVs, including the Bolt EV. It ended for purchases made after September 30, 2025 under the One Big Beautiful Bill Act. There is no federal purchase credit available on a 2027 Bolt EV bought today.
The one exception: buyers who signed a binding purchase contract and made a payment on or before September 30, 2025 may still be able to claim the credit for that vehicle when it’s delivered. Ask our finance team if that applies to you.
If you signed before the deadline
Before it ended, eligible buyers could transfer the federal credit to the dealer at time of purchase for an immediate price reduction. That option no longer exists for a purchase made today, since the underlying credit is gone.
If that doesn’t describe you, there’s no income-limit paperwork to track and no clawback risk to worry about, because there’s no credit to apply for on a 2027 Bolt EV purchased today. What’s actually left, the Illinois rebate and ComEd’s off-peak rate plan below, doesn’t come with the same income caps.
From Our Plainfield Finance Team
Ask our finance team to check whether you have a qualifying pre-9/30/2025 contract on file before assuming the credit is unavailable for your specific purchase. It’s a narrow exception, but worth five minutes to rule out.
Illinois EV rebates: current status
Illinois has historically offered EV rebates through the Illinois Environmental Protection Agency under the Climate and Equitable Jobs Act (CEJA). Program funding fluctuates and rebate amounts have changed multiple times since launch. The current cycle (open August 1, 2026 through December 31, 2026) offers up to $2,000 for most eligible buyers. The $4,000 amount is reserved for income-qualified applicants, not the standard rebate. Applications must be postmarked within 180 days of your purchase.
The Illinois rebate program operates on a first-come, first-served basis with rebate windows that open and close based on annual funding. As of 2026, the program continues but eligibility, rebate amounts, and application deadlines have changed several times. Always verify current status at the Illinois EPA website (illinoisepa.gov) or with our finance team before counting on a specific rebate amount.
Illinois rebates were always separate from the federal credit. Now that the federal credit has ended, the Illinois rebate is the only purchase-based incentive left on a 2027 Bolt EV.
ComEd EV time-of-use rate plan
ComEd (the electric utility serving Plainfield, Joliet, Naperville, Bolingbrook, Shorewood, and most of Will County) offers an EV-specific time-of-use rate plan. The plan charges significantly less per kWh during off-peak hours (typically late evening through early morning) than during peak hours.
Practical impact for a typical Bolt EV owner who plugs in at home overnight: the EV rate plan can save $200 to $400 per year compared to standard residential rates. Most modern Level 2 home chargers can be scheduled to start automatically at off-peak hours, so once you set it up, the savings happen automatically.
Enroll at comed.com or by calling ComEd customer service. There may be a minor billing adjustment period when you switch.
Federal home charger tax credit
The federal Alternative Fuel Vehicle Refueling Property Credit (Section 30C) used to cover up to 30 percent of the cost of installing a home EV charger, capped at $1,000. It ended for any installation completed after June 30, 2026. If your install was completed before that date, ask a tax professional whether you can still claim it; installs after that date no longer qualify.
Eligible costs include the Level 2 charger unit itself, electrical work to install a 240V circuit, and the wall mount or mounting hardware. The credit is claimed on IRS Form 8911 when you file your tax return.
Eligibility includes a geographic component (your home must be in an eligible census tract, which much of Will County qualifies for, but verification is required). Check IRS guidance or ask a tax professional to confirm your Plainfield-area address qualifies.
What actually still applies: a real Plainfield example
For a hypothetical Plainfield buyer buying a 2027 Bolt EV LT with a Level 2 home charger today:
| Item | Amount |
|---|---|
| 2027 Bolt EV LT starting MSRP | $28,995 |
| Federal Clean Vehicle Credit (ended 9/30/25) | $0 |
| Illinois EPA EV rebate (current cycle, most buyers) | up to -$2,000 |
| Effective vehicle price | as low as $26,995 |
| Home charger installation cost | ~$1,200 |
| Federal home charger credit (ended for installs after 6/30/26) | $0 |
This example reflects the federal credit’s end and the current Illinois rebate cycle only (income-qualified buyers may get up to $4,000 instead of $2,000). Verify with our finance team and a tax professional before counting on specific amounts.
Frequently asked questions
Does the 2027 Bolt EV still qualify for the $7,500 federal credit?
No. The federal Clean Vehicle Credit ended for all vehicles purchased after September 30, 2025, regardless of where they’re built or assembled. The only exception is a binding purchase contract signed and paid on or before that date. Ask our finance team if that applies to you.
What if I lease instead of buy?
That used to be the workaround for buyers over the income limit, since the credit went to the leasing company instead of the consumer. It’s no longer relevant: the credit itself ended September 30, 2025, so there’s nothing left for a leasing company to pass through on a 2027 Bolt EV lease today.
Can I still stack a federal credit with the Illinois rebate?
Not anymore. The federal credit ended, so the Illinois EV rebate is the only purchase incentive left on a 2027 Bolt EV. It’s still worth applying for on its own.
What income qualifies for the higher Illinois rebate tier?
The $4,000 tier is reserved for income-qualified (low-income) applicants under the Illinois EV Rebate Program; most other eligible buyers get up to $2,000. Check current income thresholds with the Illinois EPA before applying.
I already got the point-of-sale credit before it ended, could I still owe it back?
If you took the dealer-transfer credit on a purchase completed on or before September 30, 2025 and it later turns out you exceeded the income cap, yes, the IRS can still claw it back when you file. That risk only applied to purchases made before the credit ended; it’s not a concern on a 2027 Bolt EV bought now, since there’s no credit to transfer in the first place.
Tax credit and rebate information is general guidance, not tax advice. Consult a tax professional for advice specific to your situation. Program eligibility and amounts change. Always verify current rules before signing.
Run your eligibility check with our finance team
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