Hybrid Electric Vehicle Rebate
Through the Green Rewards Program, the Illinois State Treasury offers a $1,000 rebate for the purchase of a new hybrid or other fuel efficient vehicle. Participating banks and credit unions agree to accept a discounted deposit rate from the state for one year in exchange for providing the $1,000 rebates to Illinois residents. The original vehicle purchase date must be on or after July 15, 2007, and rebates are available for one year. Rebates are available for new compressed natural gas, hybrid electric, electric, and fuel cell vehicles with less than 7,500 miles. Buyers must receive financing from a participating financial institution.