I read it on a forum but lots of stuff out there… here’s one: The EV Charger Tax Credit Gets A 10-Year Extension—And A Few Upgrades
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Discussion: Model Y General Waiting room for orders placed After January 2023
- Thread starter acpd
- Start date
Taptes are the best, that i s what i ordered first and the black wheel hubs right after i put in my order. No point spending extra just for the white seat option. Taptes are way lot better. also Black seat option will get you a VIN assigned faster (i think...not sure though)
Does the $950 include the juice box? In other words, is it just a turnkey solution for $950? I realize you need to front the cost and submit for a rebate but worth it if no out of pocket after getting your money back. Also, does it include the permitting? My run is about 10ft but need to fish through a wall. Thanks for the info!I got JCP&L too. They do cover up to $1,500 installation with a limited choices of chargers. I will go with Juicebox 40. So far, I have got a quote of $950. The wiring in my house is about 70ft. To qualify for the $250 charger incentive from the state, you cannot use Tesla either. Juicebox is good for both JCP&L and the state. I am not aware of the 30% federal tax credit though. Another homework for me
Here is a link that talks about the federal credit: The EV Charger Tax Credit Gets A 10-Year Extension—And A Few Upgrades
Remember though, for this 7k credit IRS considers either your current year income or prior year (2022) - whichever is less.I just landed a side multi-year consulting gig that will take me well over the fed tax credit income cap for the year.
No, it doesn't include the charger. A Juicebox 40 costs around $750 including tax, so the total cost is like $1,700 in my case. There are $510 federal tax credit, $250 from the state, and $950 from JCP&L. After all the credits and rebates, I have $10 plus, not a bad deal. Permitting will be handled by the electrician included in the $950. It sounds that your installation cost may be significantly lower than mine with only 10 ft wiring.
I think you’re talking about the credit for the vehicle, whereby a MY will qualify for 2k and in NJ, at least, is removed from price of the car (point of sale). If the vehicle is under 45k, you get 4K.
If the car costs between $45k and $55k, the credit is only $2k. $4k is only for cars below $45k. The credit is automatically deducted in the order with Tesla.
Yeah, I wish I had known before I placed my order, but TWC arrived Monday LOL. More wondering what I'll be leaving on the table with charging costs. (And maybe Tesla's will eventually be able to participate in the program.)
I believe they do cover up to $1500 for the install, but what is your out-of-pocket costs? Can you get the whole thing done at zero cost to you? Also, you have to call around to electricians, get quotes, schedule the install, etc. Yeah, those are probably lame excuses.
The other side of it for me is, my install will not be that hard, and I'm reasonably handy. An hour ago I ran to an electrical supply place, picked up 30ft. of 6 awg and 15 ft. of 8 awg for the ground, 10 feet of conduit and related hardware, for $57.87. The 60 amp breaker was $52.24 (and I have room in the panel). I also have a main service disconnect at the meter so I can de-energize my entire panel so I don't electrocute myself!
I believe NJ will give me $250 toward the charger? and a federal tax credit for 30% of the cost? Still need to figure all that out.
Let me know how you make out with electricians I'm very curious!
I have gotten quotes from 1000-1300 for install. Includes 50amp breaker, hardwire, and installation of the unit outside of garage. To be honest, I don't care what the costs are, since the $1500 is a credit on my utility bill. I signed up for a new Travel Rewards Credit Card to pay for the installation, charger, permits. I'll take the FREE POINTS & Bonus Offer Points any day
They have the option of Nappa leather which is the soft leather very close in material to the original white seats. Also it fits well and does not block the rear air bags like other covers.
So you get the 1500 even if your cost doesn't go up that high?? Does it cover the juicebox too?? Trying to figure out what it will actually cost you LOL to see if I need to reverse my tracks
So you get the 1500 even if your cost doesn't go up that high?? Does it cover the juicebox too?? Trying to figure out what it will actually cost you LOL to see if I need to reverse my tracks
I am expecting to spend up to $1500 for install & Permit (Not including Charger). As mentioned before, PSE&G is giving me back up to $1500 credits for install and permit fee on select brands of level 2 chargers.
Bought Juice Box 40 Hardwire for $650.00. Charge Up NJ is giving back $250.00 for Juice Box and Charge Point chargers only. We should also get back 30% Tax credits on the charger which has been extended into 2023. So with the credit of $195 + $250 from NJ, the Juice Box would cost me only $205.
At the end of the day. The Juice Box 40 will only cost me $205 after install and permits. (and the flipside, I will get back Travel Rewards points with my travel rewards credit card)
Oh wow, interesting; I didn't know if I purchased an MY this year, 2023; the $7500 tax credit can be applied to the last year's 2022 income!
I purchased a Polestar 2 last year (2022) and am planning to claim the $7500 EV tax credit when filing taxes this year for 2022.
NO, you can use as reference either tax returns to see if you qualify. then you use the credit in the EV Tax credit on the fiscal year you purchased the EV car.
Similar threads
