The Federal Tax Credit, MA State Rebate, and Drive Green Dealer Discounts Can Lower the Purchase Price of an Electric Vehicle
The town of Wellesley is striving to achieve a 50 percent, community-wide reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050. Transportation currently accounts for 43 percent of Wellesley’s greenhouse gas emissions. Electric vehicles (EVs) are an important part of Wellesley’s emissions reduction strategy along with increased biking, walking, and use of public transit. For those considering buying a new EV, current federal tax credit, state rebate, and Green Energy Consumer Alliance Drive Green programs offer significant savings.
The Drive Green program, for example, offers negotiated dealer discounts on EVs from a range of makers, including Chevrolet, Mitsubishi, and Nissan, making it easy to compare prices and find a dealership with knowledgeable sales staff. Special offers on pre-owned EV and hybrid vehicles are also available. Tesla EVs are not part of the Drive Green program.
“Transportation, along with buildings, is a leading contributor to greenhouse gas emissions in Wellesley,” said Dr. Marybeth Martello, Wellesley’s Sustainability Director. “Every one of us can help combat climate change by replacing older, gas-powered vehicles with EVs. EV purchase incentives make it more cost-effective for each of us to do our part.”
As one example, a new Hyundai Kona Electric, an EV with a battery range of 258 miles, is now available for just $24,497. Normally retailing for $38,575, this EV is available now for $14,078 less, thanks to a Green Energy Consumer Alliance Drive Green discount, a federal tax credit, and the state of Massachusetts MOR-EV rebate:
$38,575 Retail price
($4,078) Drive green dealer discount
($2,500) MA state rebate
($7,500) Federal tax credit
$24,497 Final effective price
To learn about the Green Energy Consumer Alliance, click here.
To learn more about Wellesley’s Climate Action Plan, click here. To comment or ask a question, email firstname.lastname@example.org.
FROM GREEN NEWTON:
A hearing on three bills regarding manufacturer funded recycling programs will take place in the Massachusetts State Legislature from 1-5pm on June 22. Passing these bills on extended producer responsibility (EPR) for paint, mattresses, packaging, and paper would help defray the cost of disposing of or recycling these items that cities and towns in Massachusetts currently bear. It would also set a precedent in Massachusetts for a better way to manage the items that are thrown away each year. The three bills are:
What is Extended Producer Responsibility?
Extended Producer Responsibility (EPR) legislation makes manufacturers have a stake in recycling the products and packaging they generate. An EPR bill would create a fund to cover the cost of recycling and incentivize companies to make their packaging more recyclable.
Why is EPR needed?
Municipalities have little power to control the barrage of materials flooding the Commonwealth but are responsible for managing recycling and disposal.
Extended Producer Responsibility has been tested and proven in countries all over the world.
An energy efficient building code that still allows the combustion of fossil fuels is not helping Massachusetts achieve its goal of Net Zero greenhouse gas emissions by 2050.
Because of the state’s Net Zero goals outlined in Gov. Baker’s Clean Energy Climate Plan, new homes will have to either be built to Net Zero now or be retrofitted later. It is less expensive to both the state and owners to build Net Zero buildings now than to retrofit buildings down the line. But cities and towns are prohibited from exceeding the state’s “stretch” code (a building code that requires higher energy efficiency standards for new buildings than the base code) even while many developers are already building to Net Zero standards at little to no a to no additional cost (ReadyforNetZero_03.01.21.pdf).
That’s why Massachusetts needs a new “Net Zero” stretch code that includes the use of renewable energy instead of gas or oil.
To keep the pressure up to guarantee that the Net Zero stretch code developed by the Department of Energy Resources is truly Net Zero, please consider:
1) Writing to the Board of Building Regulations and Standards (Dan.P.Walsh@mass.gov) to let them know that a true Net Zero stretch code means building safe and healthy housing, affordable to heat and cool, and effective in mitigating climate change. A true Net Zero stretch code transforms our buildings from a major source of emissions to being part of the climate solution.
2) Share the news on your favorite social media and include any and all of the following hashtags: #NetZeroForAll, #NetZeroNow, #ProtectOurAir, #ElectrifyEverything, #AllElectric, #PassOnGas, #GasFreeHomes, #CleanEnergy, #AirPollution·
Harvard Study estimates burning fossil fuels for buildings costs Massachusetts $8.4 billion in annual health impacts
An interactive map shows health impact of building emissions by state
Many Town Boards, Committees, and Commissions positions are available.
Take a look here. Positions are appointed by Wellesley Select Board.
Council on Aging: The Wellesley Council on Aging (COA) was established by legislative action in 1972 to coordinate and carry out programs and services to meet the needs and objectives of the population age 60 and over. The COA is funded through local taxes, state, federal, and local grants, and private contributions.
Cultural Council: The Wellesley Cultural Council administers money that the Massachusetts Cultural Council allots to Wellesley from state funds, including the state lottery. These funds support the arts, humanities and sciences in the Wellesley community. The Council also serves as an advocacy voice for the arts in our community and state.
Historic District Commission: The Commission's primary responsibility is the review of applications for alterations to exterior architectural features for the sixty-five (65) properties within the Cottage Street Historic District and four (4) Single Building Historic Districts.
Historical Commission: The Wellesley Historical Commission works to protect and preserve tangible evidence of the architectural, aesthetic, cultural, economic, political and social history of Wellesley.
Sustainable Energy Committee: The Sustainable Energy Committee (SEC) leads efforts to accomplish the goal adopted at the 2009 Annual Town Meeting (ATM): to reduce Town-wide greenhouse gas (GHG) emissions 10% below 2007 levels by 2013, to monitor and report progress toward that goal, and to propose further goals for emissions reductions to Town Meeting. The 2014 ATM adopted the SEC proposal to establish a new goal to reduce Town-wide emissions 25% below 2007 levels by 2020. The Unified Plan also identifies sustainability and energy conservation as important goals.
Veterans Advisory Board: The West Suburban Veterans’ Services District (WSVSD) operates under the provisions established by the Commonwealth of Massachusetts General Laws, Chapter 115. The office provides veterans and their dependents with a full range of benefits and services based on qualifications and eligibility requirements, using all available Federal, State and Town government agencies. The department also monitors the care and maintenance of all veterans’ graves and sixteen veterans’ monuments in Town. There are five board members with three year terms. Updated: April 15, 2021
Veterans’ Graves and Ceremonial Officer: This appointed position works with the Veterans Services Officer to register and maintain veterans’ graves including the placement of a United States flag on each grave on Memorial Day. Coordinates and supervises the observance of Memorial Day and Veterans’ Day in the community in conjunction with the WSVSD and ceremony committee. (Must be a Wellesley resident).
Wellesley Housing Development Corporation: The Wellesley Housing Development Corporation's mission is to sponsor and assist in the development of affordable housing opportunities for persons of low and moderate income in the Wellesley, Massachusetts in order to implement the Town's Affordable Housing Policy.
Youth Commission: The Wellesley Youth Commission provides programs and services designed to ensure that Wellesley's youth feel they are a valued part of the Wellesley community.
Zoning Board of Appeals: The Zoning Board of Appeals is a quasi-judicial board which interprets and enforces the town Zoning Bylaw by hearing and deciding on petitions for appeals of town officer or board decisions, Chapter 40B comprehensive permits, site plan approvals, special permits and variances.
Learn More! For detailed information on Town of Wellesley Boards and Committees, please visit here: To volunteer for any Town Board or Committee, please complete this volunteer form.
On April 10th from 10.30am - 12pm, local climate groups led by 350MASS MetroWest are joining together with citizens of all ages in Wellesley Center to make the MetroWest community aware of the huge impact that the banking industry has on climate crisis and environmental justice. All are welcome to join the rally, specifics are here.
“As a new Chase Bank prepares to open for business in Wellesley, it is an ideal time to let passersby know that JPMorgan Chase Bank provides far more overall funding worldwide for both current and new fossil fuel projects than any other bank in the world,” said Rick Devereux, 350MASS MetroWest.
Other banks in town scoring low on the corporate social and environmental responsibility list due to fossil fuel financing include Citi, Wells Fargo, Bank of America, RBC, and TD Bank.
In spite of the severe warnings from climate scientists and worldwide agreements for lowering carbon emissions in the 2016 Paris Climate Accord, Chase has since funded the carbon-polluting fossil fuel industry with more than $268 billion. Fossil fuels, especially from tar sands, are a major cause of climate chaos.
“Banks are making profits at the expense of the environment and their policies often negatively impact communities of color the most,” said Wellesley College student Suzanna Schofield.
The good news is that the fossil fuel sector is only a small percentage of Chase’s portfolio, so the option to stop its support is within reach.
The demonstrators will be asking the community to learn more, share their knowledge and consider cutting up credit cards, closing accounts and selling shares of banks that support activities that fuel the climate crisis.
Masks and physical distancing required. Rain date April 17th.
Last week after the Massachusetts Legislature put its climate bill on the Governor’s desk for the second time, Governor Baker signed it into law. This sweeping and historic statute is the first piece of climate legislation passed in Massachusetts in over a decade, creating the foundation for bold and robust statewide climate policy for years to come.
Specifically, the Roadmap Bill strengthens Massachusetts’s emissions reduction targets to establish a 50% reduction by 2030, a 75% reduction by 2040 and a goal of Net Zero greenhouse gas emissions by 2050.
Having targets like these will hold the Commonwealth accountable to reduce emissions in our energy, transportation and building sectors.
To make these goals, the act stipulates the development of a Net Zero Energy stretch building code, which it empowers communities to adopt by 2022. It also mandates energy efficiency standards for appliances by 2025, and authorizes another 2,400 megawatts of offshore wind power. It also provides protections for Environmental Justice communities.
What does this mean for Wellesley?
Later this month, Wellesley’s Sustainable Energy Committee (SEC) will be updating the Town’s greenhouse gas (GHG) emission reduction goals and bringing them to the Annual Town Meeting (ATM) 2021. These goals, contained in Article 24, call for reductions in town-wide GHG emissions of 50% below Wellesley’s 2007 baseline by 2030, 75% below Wellesley’s 2007 baseline by 2040, and net zero town-wide GHG emissions by 2050.
These science-based goals follow State policy, are in line with The United Nations Intergovernmental Panel on Climate Change, support Wellesley’s Unified Plan, and echo similar climate actions taken by an increasing number of Wellesley’s peer communities across the Commonwealth. Residents are encouraged to contact their Town Meeting Members letting them know they support these emissions reductions goals for our community.
Wellesley residents and students will mark the one year anniversary of standing up peacefully for the climate on Friday, February 5th and encourage you to join them.
Residents of all ages, and their colorful signs, stand on the lawn in front of the Wellesley Town Hall, on Washington Street/Rt.16 every Friday from 3-4pm.
A year ago Wellesley resident Ken Batts, inspired by Greta Thunberg’s Fridays for the Future movement, decided he would personally stand out every Friday to bring awareness to climate change issues. He wasn't alone.
“It's really a highlight of the week when a variety of community members come together, having interesting discussions, networking and simply having a relaxing, non technology hour in the week,” Batts said enthusiastically. “Plus, the waves, honks and cheers from people driving, biking and walking by are really encouraging.
Everyone is welcome and encouraged to attend any Friday at 3pm outside the Wellesley Town Hall. There is a Facebook group called FRIDAYS FOR FUTURE-WELLESLEY, MA with photos and more information.
Bring friends, family and neighbors to stand socially distanced and masked. Feel free to bring a sign or use one in the collection.
ESG Portfolios are Performing Well Enabling Fossil Free Investing
If you missed Sustainable Wellesley’s Banking on Our Values event you can watch it here and read on for expert insights on ways to build portfolios that align with your personal values and/or your organization’s mission.
How do I get started?
Consider an Environmental, Social and Governance (ESG) investment strategy. ESG refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. These criteria are a gauge for determining the future financial performance of companies.
As the financial industry embraces sustainable investing, there are hundreds of ESG index and mutual funds to choose from, including those with lower fee ratios. Finding good ESG scores is easier than ever by looking on Morningstar, Bloomberg and a corporation’s website. Most investment management firms also offer tailored guidance for institutional investors and private wealth clients.
It is possible to replicate any sort of investment model with ESG flavors, at every asset point, risk level and investment amount. In fact, ESG’s did better over the last year during COVID-19 due to awareness around climate and social factors.
Become an educated investment consumer
Do your own research or ask if you are invested in fossil fuels via your savings or a portion of your paycheck.
What is your next step?
We are grateful to our panelists Sumeit Aggarwal, Co-Founder and Managing Partner of Finhive, Glenn Migliozzi, Lecturer in the Finance Division at Babson College, and Heidi Vanni, Chief Client Officer at Boston Trust Walden, for their time and insights. This event would not have been possible without the impressive student event organizers Jacob Landau (WHS) and Jacob Nichols (Babson).
Let’s keep this discussion going.
Sustainable Living Wellesley Facebook page was all a flutter as the new year began. It all started with Courtney’s simple question about what others are doing for sustainable swaps in their homes.
This is such a great question as we all aim to ditch the bad habits from last year and aim for new ones that go easier on the planet (and our wallets)!
A key factor in finding sustainable items is getting items that can be reused numerous times rather than once.
Let's start in the kitchen:
Moving on to the laundry room:
Closet. Yup, we said it. Your closet!:
We loved the communal idea generation on a topic near and dear to all of us. These items may seem small individually, but at large can make a difference.
These were just a few ideas shared in that chat. For more ideas, join Sustainable Living Wellesley Group on Facebook!
Thanks to Kate Lapierre for contributing to this story!
On Thursday, January 28, from 6-7:30 p.m., Sustainable Wellesley will sponsor a panel discussion entitled Banking on Our Values, inviting the community to learn more about investing in companies that prioritize climate action and equity. Financial experts Heidi Vanni, Chief Client Officer at Boston Trust Walden, Sumeit Aggarwal, Co-Founder and Managing Partner of Finhive, and Glenn Migliozzi, Lecturer in the Finance Division at Babson College, will share their expertise and field questions on the non-financial factors that influence investment decisions. Personal and professional investors will learn from this conversation on the short- and long-term benefits of incorporating these investment strategies and how one may begin to embrace them.
Heidi Vanni is Managing Director and Chief Client Officer at Boston Trust Walden, a Boston-based investment management firm that invests in publicly traded companies. On behalf of clients, the firm seeks to advance sustainable business practices around climate, equality and governance. Ms. Vanni works with both institutional and private wealth clients, building portfolios that enable them to align their investments with their mission or values.
At Finhive, a Massachusetts-based social enterprise building personal finance into the core capabilities of communities and small businesses, Co-Founder and Managing Partner Sumeit Aggarwal is focused on narrowing the gender gap in investing and finance. Finhive hosts training sessions on topics like investing and financial health for individuals, and consults with small businesses providing cash flow analysis, budgeting, profit margin analysis, pricing strategies and other financial topics.
Babson College lecturer Glenn Migliozzi, teaches courses in personal finance, alternative investments and business ethics. Prior to joining the Babson staff, he held a range of financial positions from corporate finance director to hedge fund manager. In his free time, Migliozzi supports agencies that address food insecurity, financial literacy and legal services.
Organizers and moderators Jacob Nichols, President of the Babson Sustainability Club and Sustainability Intern at Babson; and Jacob Landau, a Sustainable Wellesley Intern, speaker at the October 2020 Wellesley Climate Rally and Wellesley High School junior, will guide the conversation about how values-based investing can maintain or improve financial returns, while better meeting social impact goals.
Register for this free event here. Sign up today. Space is limited to 100 participants.
Questions? Contact email@example.com.