The state of Illinois introduced its Green Rewards program, which awards consumers a $1,000 rebate with the purchase of a new hybrid or other fuel efficient vehicle.
Buyers must be Illinois residents, and purchase an eligible hybrid, electric or fuel cell vehicle from the approved list. Buyers must also receive financing from a participating financial institution.
Participating banks and credit unions agree to accept a discounted deposit rate from the state for one year in exchange for providing the $1,000 rebates to Illinois residents.
There are no income or price restrictions.
Hybrids eligible for the rebate are:
- Ford Escape (2WD and 4WD)
- Mercury Mariner (2WD and 4WD)
- GMC Sierra (2WD and 4WD)
- Chevy Silverado (2WD and 4WD)
- Saturn Aura Greenline
- Saturn Vue Greenline
- Honda Insight CVT
- Honda Accord
- Honda Civic
- Nissan Altima
- Toyota Prius
- Toyota Highlander (2WD and 4WD)
- Lexus Rx400h (2WD and 4WD)
- Toyota Camry
- Lexus GS 450h
- Mazda Tribute (2WD and 4WD)
Compressed natural gas vehicles, hydrogen fuel cell and battery-electric vehicles are also eligible. (Currently, fuel cell CNG vehicles are not sold in Illinois, but may be in the future.)
The state is pledging $2 million to the program. If more than 2,000 people apply for rebates, the state will revisit its financing options.