Colorado offers a significant incentive program to help cover the cost of buying an e-bike. However, 5280 reported that this incentive is being cut in half at the end of the year, so now is the time to buy an e-bike if you can.
Using an e-bike for your travel and commute is the perfect combination of convenient and thrifty. While still being much easier than walking or riding a normal bike, it's way cheaper than fueling up a car, and those savings add up if you use it every day. It also gives you way more chances to exercise than a car does while being better for the air quality in your neighborhood.
When Colorado originally started its e-bike incentive program in 2023, it offered individuals up to $1,100 off the purchase price. However, in April 2024, the funds available dropped to less than half of the original incentive at $450.
Now, on Jan. 1, that number is being cut in half again, to $225. While that is still a worthwhile discount, you can save twice as much if you complete your purchase before the deadline.
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💡Upway makes it easy to find discounts of up to 60% on premium e-bike brands
"If you want to electrify your riding experience and benefit from more of the state's generosity, consider this the eleventh hour," said 5280.
To get the perfect e-bike for your situation, browse models on Upway, where you'll find a broad selection with many bikes being offered at up to 60% off their original retail prices. Options include folding e-bikes and mountain bikes alongside standard road bikes. If you need to sell your e-bike again for any reason, Upway also buys used e-bikes.
To compound your savings, one of the smartest moves you can make is to install home solar panels. Charging your e-bike with solar power makes it essentially free to fuel up. TCD's Solar Explorer has all the information you need to save up to $10,000 on the cost of solar installation, thanks to solar partners who curate installation bids from local providers. If you prefer to lease solar panels, it can also connect you to subscription options for $0 down.
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