Big news for NJ buyers

[MJP.P3D-]

damn that's really high, do you live in Cook county or something?

Yup! Cook County = “Tax County”! At least the money is being used effectively, er, wait—no, never mind....

 

[KaptKamp]

- No sales tax
- $5000 NJ incentive
- $500 NJ charger install incentive
- 30% federal charger install tax credit
- (for any EV but GM/Tesla) $7500 fed tax credit

Any idea how someone acts on the $500 in-home charging incentive or the 30% federal charger install? I just got delivery in December and am charging with the mobile connector (with zero issues) but if I can get a wall connector paid for I would love one so the mobile connector can stay in the trunk full time.

 

[Kennymb5384]

WA state gives up to $2500 back in tax. But I bought mine before 8/1/19 so I don't even qualify.
Sucks.

It’s only for new cars under $45,000 and used for under $30,000, so it looks like they don’t want Tesla’s on that list...giving it to people buying Leafs....smh

 

[dmurphy]

Any idea how someone acts on the $500 in-home charging incentive or the 30% federal charger install? I just got delivery in December and am charging with the mobile connector (with zero issues) but if I can get a wall connector paid for I would love one so the mobile connector can stay in the trunk full time.

The NJ program will be up and running before July(ish) ... until then, I don’t think we have details on the “how” of it all, but a wall connector should certainly qualify for both.

that said - whatever you installed last year should already qualify for the 30% fed credit ... that’ll be on Form 8936 with your taxes.

 

[Catbiscuits]

Definitely not retroactive. I read the language and is after the effective date, which is the date it was signed. O well. Lose out on $5000 and possibly $500 for install of charger at my house.

Isn’t there a federal tax credit for a wall charger still in effect? Alternative Fuels Data Center: Alternative Fuel Infrastructure Tax Credit

 

[Skunis]

Isn’t there a federal tax credit for a wall charger still in effect? Alternative Fuels Data Center: Alternative Fuel Infrastructure Tax Credit

Yes, there is so I will get something back (I think 30%). Can't find my invoice so hopefully I do not get audited. LOL!

 

[ellienovember]

So install one this year, get $500 from NJ, and then 30% back from the feds. It’s a GREAT year to buy an EV in the Garden State!

- No sales tax
- $5000 NJ incentive
- $500 NJ charger install incentive
- 30% federal charger install tax credit
- (for any EV but GM/Tesla) $7500 fed tax credit

It sure is a great year to buy one in NJ. I've known since about October that I will need a new car. I've been seriously looking into an M3 ever since and am now set to order on at the end of March. Won't get the fed tax credit but everything else is such an incentive. I'm hoping I'll be able to convince family and friends to hop on this opportunity too because if they're buying new, there's really no reason not to go EV/Tesla.