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Ready to “bite the bullet” and buy a fuel-efficient car in the Phoenix Valley area? Unlike a decade ago, electric cars and plug-ins are more affordable, so that bullet isn’t as difficult to chew through. Still, it can be pricey to buy an EV, which is why we want to help get you the right info about the new Honda Clarity.

Available as an all-electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV), the 2018 Clarity will appeal to drivers interested in rebates, tax credits, and a more sustainable lifestyle, particularly right here in Arizona. Here are a few of the money-saving advantages to choosing a PHEV like the Honda Clarity.

$7,500 Federal Tax Incentive

There are many perks to owning a Honda Clarity and one of those perks is a little relief from your taxes. All owners of the Honda Clarity are eligible for up to $7,500 in federal tax credit, but how does the tax credit work?

In order to qualify for the credit, you need to have a federal tax liability the year you make the purchase, and the credit does not carry over to the next year if your liability is less than $7,500.

As an example, if you have a tax liability of $3,500, then you can take a credit for that amount. When completing your taxes, make sure you or your tax professional complete IRS Form 8936.

Alternative Fuel Vehicle Tax

Tax breaks also happen at the state level. In Arizona, we have the Reduced Alternative Fuel Vehicle (AFV) License Tax, which covers the Honda Clarity EV model.

Here’s a quick summary: the tax for an AFV is $4 for every $100 in assessed value. In the first year of registration, the AFV value is just 1% of the vehicle’s MSRP, which is significantly better than the 60% you have for conventional vehicles. The original value of the AFV is then reduced by 15% for each succeeding year after initial registration, saving you a good chunk of change.

Arizona Energy Efficient Plate Program

Do you want to save time on your daily work commute? As the owner of a Honda Clarity, you can take advantage of the Arizona Energy Efficient Plate program, which gives you access to high-occupancy vehicle (HOV) lanes.

To qualify for the program, you need a current Arizona registration, and you should complete an online application form using ServiceArizona. Keep in mind the program has a limited number of plates available for PHEV models. (However, there is no cap on the number of plates issued to all-electric models.)

If you are currently in the program, you also have the option of transferring your plate to your newly purchased Honda Clarity.

Free Carpool Parking

Parking incentives are another reason to consider the 2018 Clarity. The Alternative Fuel Vehicle (AFV) parking incentive allows you to park in areas designated for carpool operators throughout Arizona.

Electric Utility Bill Reductions

As an Arizona resident, you may be able to save money on your electric bill by purchasing or leasing a Honda Clarity PHEV.

Clients living in the service territory of Salt River Project (SRP), which includes the Phoenix metropolitan area, are eligible for the SPRNET electric vehicle price plan. Using the EV price plan from SRP, you can get significantly lower utility rates when charging your vehicle between the hours of 11 p.m. and 5 a.m., and the offer comes with a 90-day risk-free guarantee.

Tucson residents receiving service from Tucson Electric Power can enjoy similar incentives and savings.

No Vehicle Emissions Exemptions

You have a busy schedule, and dealing with emissions inspections is a hassle you would like to avoid. Fortunately, as the owner of a Clarity PHEV or EV, you are not required to complete emissions testing before registration. Just head to the BMV and you’ll be good to go.

2018 Honda Clarity Models

Shop Honda Clarity Models in Phoenix Valley, AZ

These are just a few of the benefits you get as the owner of a new PHEV or EV, and our experts here at Valley Honda Dealers are eager to tell you about more ways you can save. Over the years, our Arizona Honda dealerships have served clients from all over the region—and now we would like to serve you. Find your nearest Valley Honda Dealers location to start shopping and saving!

 

 

 

Sources & Photos: 

https://www.irs.gov/forms-pubs/about-form-8936

https://www.azdot.gov/motor-vehicles/VehicleServices/PlatesandPlacards/energy-efficient-plate-program

https://servicearizona.com

https://www.srpnet.com/prices/home/electricvehicle.aspx

https://www.afdc.energy.gov/laws/4179

https://www.afdc.energy.gov/laws/11967

https://automobiles.honda.com/clarity-plug-in-hybrid