***UPDATE! 7/2/24 at 11:18am:
The MN eBike Rebate signup period is over! It took only 18 minutes to sign up more than 14,000 people. At one point they had over 61,500 potential applicants in their online waiting room. Of all these, only about 1300 rebate certificates will be awarded in about 10 days. Congrats to the lucky few! Everyone else: you can always try again to be one of the lucky few in 2025. Yay!
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***UPDATE! 6/25/24:
Holy cow! Update! The MN Dept. of Revenue has announced a reopening date! It will be July 2, 2024 at 11:00am. I would get there right on time, because demand looks really high. See more info at https://www.revenue.state.mn.us/electric-assisted-bicycle-e-bike-rebate
Fingers crossed!
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***UPDATE! 6/12/24:
The MN Dept. of Revenue is still working the problem. They promise they will give at least 4 days' notice of the date and time of the reopening of the signup portal. Keep staying tuned.
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***UPDATE! 6/6/24:
The MN Dept. of Revenue website for the eBike Rebate experienced some serious problems upon the opening of the signup period on June 5th. Therefore, the application process has been postponed until they get their crud figured out. No timetable yet, but we'll update this page when we find out anything.***
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As you've probably heard, since you're here, Minnesota is sponsoring an upcoming eBike Rebate program later this year. There are many things to know and we're going to try and clear things up for you.
First off, you cannot apply for a rebate until June 5, 2024. At 11am, to be precise. (Retailers can apply to be certified on May 1.) Rebate certificates will then begin to be sent to consumers after July 1st. Rebates will be issued on a first-come, first-served basis. Only $2 million is slated for these rebates for each of the calendar years 2024 and 2025. At a maximum rebate value of $1500, this means the state can award 1,333 rebates for each of these years. For reference, Minnesotans purchased about 20,000 eBikes in 2023. Also, 40% of this money will be reserved for those earning less than $41,000 per year, or $78,000 filing jointly.
For more information, and to access the application for the rebate, please go to: https://www.revenue.state.mn.us/electric-assisted-bicycle-e-bike-rebate
The rebate amounts are based on a percentage of the eBike's value, from 75% down to 50%, based on the consumer's income; or $1500, whichever is lower. So, considering the cost of a LaMere eBike, $1500 would be the rebate value no matter the income level of the buyer. That's the way we interpreted the rules, anyway. ;) LaMere Cycles' legalspeak is not always the best.
The good folks at BikeMN, The Bicycle Alliance of Minnesota, have a terrific breakdown of all the rules and definitions at https://www.bikemn.org/e-bike-rebate-2/
So, after June 5th, apply for that rebate. When you get it, bring it in to LaMere Cycles and get $1500 off any of our eBikes. It's that simple. If you don't want to wait until after July to buy an eBike, come on down NOW to the shop and we'll get you a sweet deal on that eBike of your dreams without waiting for that rebate. No hassles, no waiting (and hoping) for that certificate to come. Just give us a call and we'll get you taken care of.
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