A tax credit for the purchase of a golf cart is paid by the federal government, covering one half to two-thirds of the cost. In this depressed economy, Sales of golf clubs have been down. However golf carts are seeing a thunder. The advantages of Golf Cart Tax Credit are given here.
Under the government stimulus plan, tax credits are being given for electric car that is why the federal government pays it. Nevertheless the golf carts are not the ones that you see on the putting green, you can take out on the street ones again. US’s Golfers have struck lucky because they are helped for buying the most necessary of modern necessities, the electric golf cart by Federal tax handouts.
From the Internal Revenue Service (IRS) specifically expelled “vehicles manufactured primarily for off-road use, such as for use on a golf course”.
According to the Wall Street Journal (WSJ):
“The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart”… “the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year “The purchase of some models could be absolutely free”. “Is that about the coolest thing you’ve ever heard?”
On another side, the benefits from having more efficient cars do not enlarge to Golf carts. But at least it will reduce our “dependency” on oil and it has already created some sense in regard to environmental issues and reducing.
WSJ mentions that “there is no limit on the amount of Golf Carts that you can buy under the rebate program.” Thus, one would anticipate and several people are trying to mound up on the Carts with the intention of make a sale at a later time for revenue.
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Check out this offer on www.frugaldougalsgolf.com/solargolfcart. The
Federal tax credit is $5,335 for the 4 passenger solar golf cart plus an ADDITIONAL Federal tax credit for the solar system of $599 for a 120 watt and $838 for a 187 watt solar top. It really is a good deal. Hurry, as the tax credit is only through 2009 although we expect it to be renewed in 2010.
Linda Crismond, Frugal Dougal’s Golf Cart Accessories, 727-937-2974
Has the tax credit been extended for 2010?
If so I am interested in purchasing one of your electric vehicles.