GUIDE TO GREEN: A Resource Guide

Page 53

/ Clean Vehicles

PROGRAM

AGENCY

Clean Vehicle Assistance Program (CVAP)

California Air Resources Board (CARB)

DESCRIPTION The Clean Vehicle Assistance Program (CVAP) provides grants and affordable financing to help low-income Californians purchase a new or used hybrid or electric vehicle. You can get a $2,500 grant for a hybrid vehicle or a $5,000 grant for a plug-in hybrid or electric vehicle. Battery electric vehicles can also include a charging unit and its home installation.

PROGRAM TYPE Low Carbon Transportation; Clean Vehicle Grants and Financing

Help is available to get a fair and transparent loan if needed. The preferred lender, Beneficial State Bank, provides loans at an 8% or lower interest rate for your clean vehicle purchase. You can also use a lender of your choice, but you must get a loan with an interest rate of 16% or below to qualify for the grant.

ELIGIBLE AREAS State of California

ELIGIBILITY Customers must have an annual household income below our income cap. CVAP Income Requirement Household Size: 1

$48,560

2

$65,840

3

$83,120

4

$100,400

5

$117,680

6

$134,960

7

$152,240

8

$169,520

Participants cannot receive a grant if they purchase a vehicle before their application is approved. HOW TO APPLY Online: www.cleanvehiclegrants.org/apply The application takes 30 minutes to complete, and the mobile-friendly financial literacy classes can be done in 1 hour.

TARGETED APPLICANT Residential

RANGE OF ASSISTANCE Up to $5,000 for vehicle purchases, free charging units and installations and low-cost financing. TIME FRAME Funding for CVAP is currently exhausted but is expected to be refunded in the summer of 2019. EXPECTED TIME TO RECEIVE BENEFITS Approximately 6 to 8 weeks. Applications are approved in about 2-4 weeks. Funds to purchase a vehicle are guaranteed within 35 days after approval. WEBSITE www.cleanvehiclegrants.org CONTACT Phone: 559-271-1957 Email: cleanvehicles@beneficialstate. org

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