LIPA Offering New Plug-In Electric Hybrid Rebate Program

The Long Island Power Authority (LIPA) has introduced its new plug-in electric hybrid vehicle (PHEV) rebate program, which will operate under the umbrella of Efficiency Long Island to award a one-time rebate check of $500 to LIPA customers who purchase and register a new, qualified PHEV or plug-in electric vehicle (PEV).

LIPA says the rebate will be available until the end of 2011 and equates to the approximate electrical costs for yearly charging the PHEV or the cost for purchasing the optional charging station.

‘Providing incentives for these cars, which will likely be charged at off-peak times, will allow for LIPA to purchase power at lower costs,’ says Michael Hervey, chief operating officer of LIPA.

Since 2009, LIPA has been engaged in the study of PHEVs in collaboration with New York Institute of Technology and the Electric Power Research Institute. The organizations have been researching and analyzing the effects electric-vehicle technology can have on LIPA's electric system, as well as investigating solar power as a potential technology to charge the vehicles without drawing power from the grid.

SOURCE: LIPA

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