Do Not Miss Out…Diesel and Hybrid Tax Credits End Dec. 31st!
If you’ve been thinking about getting a diesel or a hybrid, then now is the time to act, because tax credits are set to expire at the end of this month. And as of now, there is no news of any tax breaks available next year for fuel efficient vehicles. The Alternative Motor Vehicle Credit was legislated under the Energy Policy Act of 2005 and supported buyers of eco-friendly vehicles with incentives. Currently, hybrids get tax breaks ranging from $900 up to $3,400.
Here is a select list of vehicles that still qualify for tax credits:
2010-2011 Cadillac Escalade Hybrid: $2,200
2010-2011 GMC Sierra Hybrid: $2,200
2010-2011 GMC Yukon Hybrid: $2,200
2010-2011 GMC Yukon Denali Hybrid: $2,200