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30% Tax Credit for HPWC?

Discussion in 'Model S: Battery & Charging' started by SabrToothSqrl, Feb 16, 2016.

  1. SabrToothSqrl

    SabrToothSqrl Active Member

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    So does this mean I can order a HPWC and the gov't will pay for 30% of it?

    http://www.ct.gov/deep/lib/deep/air/electric_vehicle/evse_fact_sheet.pdf

    Incentives for Plug-in Hybrids and Electric Cars | PluginCars.com

    Charging Equipment

    Some states offer EV buyers and businesses a credit for the purchase and costs of charging equipment.
    On Friday, December 18, 2015, President Obama signed the Consolidated Appropriations Act of 2016 (H.R. 2029). Division Q, the Protecting Americans from Tax Hikes Act (PATH Act), retroactively extending the tax credit for EV charging infrastructure for 2015 and going forward for 2016 (www.afdc.energy.gov) Alternative Fuel Infrastructure Tax Credit. Section 182 extends the tax credit for alternative fuel infrastructure through December 31, 2016. Fueling equipment and related infrastructure for electricity are eligible for a tax credit of 30 percent, up to $30,000. Retroactive for EV Charging Infrastructure placed in service in 2015. This means if you installed EV charging in 2015, you can take advantage of this credit for your investment. Residential fueling equipment may receive a tax credit up to $1,000.



    Sorry, I'm no expert on taxes, so does this mean I get 30% of $750 or does it mean I get 30% of $750 off my tax liability?

    thanks.
     
  2. GlmnAlyAirCar

    GlmnAlyAirCar Member

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    It sounds like this should count toward a NEMA 14-50 installation as well.
     
  3. MP3Mike

    MP3Mike Active Member

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    Since they call it a tax credit I assume that it reduces your tax liability by 30%, up to $1,000, of the cost of your charging infrastructure. I assume that would include the $750 for the HPWC as well as the costs of installation and other necessary materials (wire/panel/etc.).
     
  4. SabrToothSqrl

    SabrToothSqrl Active Member

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    It's good for all of 2016?
     
  5. HankLloydRight

    HankLloydRight Fluxing

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    How about a UMC and ChaDemo adapter?

    Definitely falls under "Fueling equipment and related infrastructure for electricity "
     
  6. Shaggy

    Shaggy Member

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    City of Austin rebate and federal tax credit amounted ~50% off the install at my house. The rebate and credit included the cost of the charger and the install. I had the charger installed about a month prior to delivery (started paperwork as soon as I had a VIN).
     
  7. Barry

    Barry Member

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    All charging equipment and installation costs are potentially subject to the 30% credit. I say potentially because if you fall into AMT, this credit is unavailable to you. This credit has expiered and been renewed by Congress (retroactively, at least once) several times. Only time, and the next election, will tell if it's available for 2016. I believe it's easier to claim by a business.
    Disclaimer - I'm not a CPA.
     
  8. Cyclone

    Cyclone Active Member

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    I hope so. That will make for a nice improvement to my tax liability to take a deduction for that cost.
     
  9. sorka

    sorka Active Member

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    I've been hit by AMT every year for the last 15 years. I don't even get 1 cent of my property tax as a deduction anymore :(
     
  10. smsprague

    smsprague Member

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    #10 smsprague, Feb 17, 2016
    Last edited: Feb 17, 2016
    Same issues with AMT
     
  11. Max*

    Max* Autopilot != Autonomous

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  12. MorrisonHiker

    MorrisonHiker Beta Tester

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    I had two NEMA 14-50 outlets installed last year for $1800 so hopefully I'll get the extra $540 back when filing this year. If I'd been certain that the tax credit was going to be renewed, I would've upgraded my garage to 125 amps instead of 100 amps. It would've cost me over $1000 more at the time but would've effectively resulted in a $900 credit and I would've ended up paying about as much as I already paid (without the credit).

    I hope to finally purchase an X or S this year and get the $7500 tax credit when filing next year.
     
  13. ssq

    ssq Member

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    Does anyone know if the thugs at SDGE (San Diego gas and electric)provide any rebates for HPWC installation? I searched but couldn't find anything.
     
  14. StaceyS

    StaceyS Member

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    I got both a federal credit as well as a state (Oregon) credit for installing a new feeder and sub-panel along with 2 NEMA 14-50 outlets last year.

    I'm thinking of doing it again this year and buying the new HPWC.
     
  15. ssq

    ssq Member

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    I am interested to know if I can claim 30% (or more if there are state credits) on the aggregate invoice for HPWC and NEMA14-50 parts and labor. Can any fellow San Diegans/Californians chime in please?
     
  16. bkp_duke

    bkp_duke Member

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    Do you mind PMing me who did your install? Looking to get an install done in the next 2 weeks or so, basically as soon as the new HPWC shows up.

    Of course also interested in what you find out on this topic as well. ;)
     
  17. BrokerDon

    BrokerDon Member

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    2015 TurboTax Premier also calculated ZERO deduction / credit for our HPWC & installation costs... but did get us the $7,500 federal tax credit.
     
    • Helpful x 1
  18. MorrisonHiker

    MorrisonHiker Beta Tester

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    2015 TurboTax Premier calculated $530 back on the installation of my 14-50 outlets. I will be claiming the $7500 federal and $6000 state credits in 2016.
     
    • Like x 1
  19. Cyclone

    Cyclone Active Member

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    TurboTax Deluxe filled out form 8911 for me and got me $135 of my $450 installation credited back, so I got the fully 30%.
     
    • Like x 1
  20. SabrToothSqrl

    SabrToothSqrl Active Member

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    If you install the NEMA your self... are you just listing parts receipts?
     

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