Minnesota E-Bike Rebate Program: Everything You Need to Know 

Considering an eco-friendly upgrade for your commute in 2024? The Minnesota e-bike rebate program offers an excellent opportunity for green transportation, and ERIK’S, as a participating retailer, is your go-to guide for navigating this program. 

Minnesota E-Bike Rebate Overview

In Minnesota, embracing sustainable transportation solutions is not just an environmentally conscious choice, but a financially rewarding one as well. The Minnesota e-bike rebate program is a pioneering initiative aimed at incentivizing the adoption of electric bicycles for commuting, leisure, and eco-friendly travel. This innovative program offers residents an opportunity to save money while reducing their carbon footprint, making e-bikes an accessible and attractive option for all.

As we delve into the intricacies of the Minnesota e-bike rebate program—including eligibility criteria, rebate amounts, and the application process—we uncover its benefits not only for individual riders but also for the broader environment and local economies. From improved air quality to reduced traffic congestion, e-bikes offer a multitude of advantages that resonate far beyond personal transportation. Join us as we navigate the landscape of sustainable mobility and discover how the Minnesota e-bike rebate is paving the way toward a greener future.

Eligibility and Rebate Details 

Minnesota taxpayers residing in the state who are over 15 and not dependents are eligible for this e-bike rebate. The rebate is worth 50-75% of the cost of an e-bike and qualifying accessories, up to a maximum of $1,500. The program will favor individuals with an annual income of $25,000 or less, or $50,000 for married couples filing jointly. 

To be eligible for rebates, e-bikes must be new and meet the legal definition of an electric-assisted bicycle under this statute. E-bike requirements under this statute include the following:

• Has two or three wheels
• Has a seat and pedals the rider can use with or without electric power
• Has an electric motor that does not produce more than 750 watts of power
• Has a battery or electric drive system that’s been approved by an independent safety lab

Qualifying accessories include helmets, lights, locks, luggage racks, baskets, bags/backpacks, fenders, and reflective clothing. Click here for more information about which e-bikes and accessories qualify.

Applying for the E-Bike Rebate in Minnesota 

The application process for the 2024 e-bike rebate is set to open on June 5, after which individuals can apply through the program’s online rebate portal. Rebate certificates will start being issued July 1. Prospective e-bike owners must submit their previous year’s adjusted gross income to qualify. Stay informed about the application process (including access to the online portal) by following updates from the Department of Revenue. 

If approved, individuals receive the rebate certificate by email. They will then have two months to go to an eligible retailer and purchase a discounted e-bike and accessories. 

Program Duration and Availability 

This initiative for sustainable transportation in Minnesota will last until June 30, 2026. Individuals must apply to the Minnesota Department of Revenue to take part in the program. Total rebates are limited to $2 million per year in 2024 and 2025.

Certificates are issued on a first-come, first-served basis. Based on the published budget, about 1,300 vouchers for the maximum rebate amount could be issued in 2024. Minnesotans purchased an estimated 20,000 e-bikes in 2023. In other words, availability is limited, so act fast!

FAQs

What are the requirements to apply?

An eligible individual must meet the following criteria:

• At least 15 years old at the time of application
• Minnesota resident in the current and previous years
• Not have been claimed as a dependent in the previous tax year

Can I purchase an e-bike from an online retailer?

Yes, you can use your rebate certificate at an online retailer if they are approved for this program.

Can I apply the rebate to an e-bike purchased before I received a rebate certificate?

No. The e-bike rebate certificate can only be applied at the time of purchase.

Will I receive Form 1099-MISC?

Yes, individuals who use the rebate on qualifying purchases will receive Form 1099-MISC for the value of their rebate. Use this form when filing your income tax return for tax year 2024.

Redeeming Your Rebate at ERIK’S 

Upon receiving your rebate certificate, visit ERIK’S or any registered bike shop to redeem it. The certificate significantly reduces the cost of your new e-bike. Remember, these rebate certificates are valid for two months after issuance and are exclusively redeemable at participating stores. 

Discover E-Bike Options at ERIK’S 

Minnesota’s electric-assisted-bicycle rebate program aligns perfectly with ERIK’S mission to offer sustainable and efficient commuting options. Our stores feature a wide selection of e-bikes, ranging from commuter-friendly models to advanced designs from top-notch brands like Aventon and Specialized. Our team provides expert advice to help you find an e-bike that aligns with your lifestyle.

Flexible Financing and Layaway Options at ERIK’S 

In addition to the Minnesota e-bike rebate program, ERIK’S offers a variety of flexible financing and layaway options to make purchasing your e-bike even easier. Whether you’re shopping in-store or online, you can take advantage of our convenient payment plans, including Freedom to Ride financing, Affirm financing, and PayPal Credit. These options allow you to spread your payments over several months, ensuring your new e-bike is both affordable and accessible. For more detailed information on our financing and layaway options, and to see how you can apply, please visit our Financing Options page. 

Experience E-Bikes at ERIK’S 

We invite you to stop by a Minnesota ERIK’S location for a test ride. A hands-on experience with our e-bikes will inform your decision, and our knowledgeable staff is ready to answer any questions as you embark or continue on your e-bike journey. 

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Visit Your Local ERIK’S 

Ready to join the e-bike movement? Visit ERIK’S, your local e-bike destination, or contact us for more information. We’re eager to support you on your journey to a more sustainable lifestyle. 

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