MINNESOTA E-BIKE REBATE APPROVED RETAILER
MN E-Bike Rebate Details
FREEWHEEL BIKE IS AN OFFICIALLY APPROVED RETAILER IN THE MINNESOTA E-BIKE REBATE PROGRAM!
The State of Minnesota passed an e-bike rebate bill!
This page is designed to help you better understand some highlights of the program. The information below is our best understanding of this program.
UPDATE!!
The Minnesota E-bike Rebate application is now closed. After one false start in June, the July second re-opening of applications hit maximum number of applications within 20 seconds. A new application will open in July of 2025. Please use the below information as a historical reference of the 2024 rebate.
Details of the 2025 Rebate will be posted here as they are released.
E-Bike Rebate Highlights
When does the MN e-bike rebate program start?
The program is set to open in July of 2024. The first rebate certificates for approved individuals begin issuing on July 1, 2024.
How do I apply?
Online e-bike rebate application opens 11 AM, June 5. A simple online form requiring income declaration and verification of ID.
What are my chances of getting the rebate?
Based on the published budget, 1,333 vouchers for the maximum rebate amount could be issued in 2024.** For context, Minnesotans purchased an estimated 20,000 e-bikes in 2023.
Will I qualify for an e-bike rebate in the Minnesota program?
Individual income must not exceed $25,000 / year to qualify for the maximum rebate.
The program reserves 40 percent of funding for people earning less than $41,000 per individual.
Higher earners may still be eligible at lower rebate levels.
Is the MN e-bike rebate retroactive?
No, but we hope that will change. As of this writing, the rebate will only be available to e-bikes purchased after an individual is approved for a rebate by the state of Minnesota. As of today, no individual has been approved, and no path to approval has been published. Application process scheduled to open June 2024. Approvals will not be issued until July 2024.
How will the e-bike rebate process work?
Individuals will apply for a rebate certificate through the online rebate portal. (MN e-bike rebate application link yet to be published.)
Certificates will be issued on a first-come, first-served basis.
Approved individuals will receive the rebate certificate by email.
E-bike rebate certificates will be valid for two months for redemption at an approved retailer.
Only approved retailers can accept rebate certificates.
Applicant must present matching proof of identification up redemption.
Retailers will apply the discount amount listed on the rebate certificate at the time of purchase.
Sales tax must be paid on the full retail price of the e-bike. (Not the price after rebate.)
Individuals who use the rebate on qualifying purchases will receive Form 1099-MISC for the value of their rebate. Use this form when filing your tax year 2024 income tax return.
Retailers must ask for proof of identification to verify the certificate is being redeemed by the individual to which it was issued.
In the unlikely event the entire e-bike rebate budget is not used up in the first round, a second-round application process may open ten weeks after the initial round is issued.
Read the Full Bill
Of course, there are many more details, exceptions, and rules.
The exact billing language can be found on Line 156.1 of HF 2887
Subscribe here for updates and to get alerted when the e-bike rebate application opens.
REBATE CALCULATOR
Use the MN rebate calculator to find an estimate of your potential rebate. Good luck and we hope to see you soon!
Instant Rebate Alternative
If you don't want to wait until summer is half-over. Or you don't want to gamble with your odds of qualifying. Or you don't find reading house finance bills all that exciting, we've got you covered right now. Many of our instant rebates on current stock bikes exceed the maximum rebate you'd receive if you wait until July and are lucky enough to snag one of the State's vouchers.
If today's not right for you, we'll be diligently on the lookout for news releases of the application process. We'll post updates and announcements here and on our social feeds just as soon as we have them.
More Resources
Our friends at the Bicycle Alliance of Minnesota, who helped craft this program, have a great breakdown that can be found here: BikeMN
More details and examples of income impacts to qualification can be found in this news article: MPRNews
** 1,333 is based on every awarded applicant receiving the maximum rebate of $ 1,500.
