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.
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 buying 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, enough of all that. You don't want to wait until after July to buy an eBike, do you? You certainly don't want to wait that long and find out you weren't one of the lucky few to get a rebate certificate. That is why every eBike on our floor is already marked down at least $1500 from original price. Now. Are you thinking of ordering up a custom LaMere? We'll give you that $1500 off the MSRP right now. No hassles, no waiting (and hoping) for that certificate to come. Just give us a call and we'll get you taken care of.