State officials said the selection process is random, and about 2,000 Coloradans will receive a rebate in the first round. According to the website, this first round will be open from 9 a.m. Wednesday till 1 p.m. on Aug. 21.
The next round of applications will open up in September and October.
According to the state, rebate options will be split into two groups: moderate- and low-income. Moderate-income deductions start at $500, whereas low-income deductions are at least $1,100.
To qualify for a low-income rebate, a household must be below 80% of the area median income. Moderate-income applicants must have a household income between 80% to 100% of the area median income.
The state’s vouchers can also help cover equipment costs, including a lock or helmet.
The statewide rebate comes after the success of the program in Denver.
Participants must purchase a bike from a retailer that is taking part in the e-bike rebate program.