The State of Illinois is offereing $1,000 in rebates to those buying hybrid cars or other energy-efficient vehicles. The program, called "Green Rewards", was announced by Treasurer Alexi Giannoulias on Sunday.
The Green Awards program will be funded to the tune of $2 million by partnering the state with banks. By depositing state funds at local banks and credit unions at a below-market interest rate, the savings can be passed on to consumers in the form of a rebate when they secure a loan from the participating bank.
Only one rebate is allowed per vehicle.
Green Rewards is one of the State Treasurer's Cultivate Illinois Agricultural and Environmental programs. For more information, contact (312) 814-1901, (217) 557-6436 or cultivateillinois@treasurer.state.il.us.
Source: State offering rebates on hybrid vehicles | Chicago Tribune
Tuesday, July 17, 2007
Illinois Offers $1000 Rebate to Hybrid Car Buyers
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