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USA: Consumers can take advantage of ‘green’ tax credits

CHARLESTON, W.Va. — Are you among the green pioneers driving around in a Chevy Volt or similar plug-in electric car? Good for you. As you know, you paid extra to be different.

But did you know you might qualify for up to $11,000 in rebates of the purchase price, in the form of state and federal tax credits?

Assuming you pay taxes, you can apparently get a tax credit of up to $7,500 off your 2011 federal taxes if you bought a Volt, Nissan Leaf or similar vehicle last year. And through the alternative-fuel motor vehicle tax credit, which went into effect Jan. 1, 2011, you can charge 35 percent of the purchase price, up to $3,500, off your West Virginia income taxes.

That’s a pretty good deal, one that might make you reconsider if you’re put off by the sticker price of a new Volt. Base models start at around $40,000 and amenities like leather seats can raise the final cost to $45,000, said Arnold Stover, a salesman at Joe Holland Chevrolet & Imports in South Charleston.



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