With battery day for Tesla just about 2 weeks away, is anyone holding off on their powerwall purchase? I am ready to purchase a 14.28kW system with 2 powerwalls but with battery day so close I am tempted to hold off on my order until then.
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With battery day for Tesla just about 2 weeks away, is anyone holding off on their powerwall purchase? I am ready to purchase a 14.28kW system with 2 powerwalls but with battery day so close I am tempted to hold off on my order until then.
I am just curious how would the Fed know we installed this year or next? I bought a new Model 3 in 2019 and got the tax benefit when I filed last year. But I am not sure how Fed verifies it though I had to give them a VIN number. I think the VIN number had to be provided so no one else including myself can claim tax benefit in future years...
When I lived in Sacramento our electricity provider was SMUD, Sacramento Municipal Utility District.I'd be surprised given how far out Tesla or third party installers are on installs for Powerwalls (late Q4/2020 or Q1/2021) that it would make any difference. The longer you wait to go to contract the further out your install date will be and seeing you are in Sacramento aren't you prone to the PG&E PSPS or rotating blackouts? When we placed our order it was for PW2, GW1 and Q-Cell's 315W panels. Finishing up install now. However during this time the new GW2s came out and the Q-Cell panels went from 315s to 340s. They substituted both for our install. Plus they matched the lower price of the new 340s when they came out. If PW3 were to come out during your wait, I think that they would install the newer equipment if you hadn't gone to install yet.
On the form itself, there is no verification. Like many deductions/credits that can be claimed, you just fill out the amount (solar is line 1 on IRS form 5695) and follow the math from there. The IRS control is the audit process, where they could assess interest and penalties if you cannot document and justify the claimed credit. I would not be shocked that claiming a large energy credit probably ups the chance of an audit, all else being equal.I am just curious how would the Fed know we installed this year or next? I bought a new Model 3 in 2019 and got the tax benefit when I filed last year. But I am not sure how Fed verifies it though I had to give them a VIN number. I think the VIN number had to be provided so no one else including myself can claim tax benefit in future years...