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New Yorkers please help me understand the EVSE instalation incentives for 2013

Discussion in 'North America' started by Galve2000, Jul 31, 2013.

  1. Galve2000

    Galve2000 Member

    May 20, 2013
    I currently own a Volt which can only charge at 16 amps from a 240 outlet, but I'm having a clipper creak CS 100 installed in anticipation of my forthcoming Model S (with twin chargers) order particularly given that there are both Federal and NY State tax incentives at play here for EVSEs installed by 12.31.2013

    I'm just a little confused on the math and weather or not I can take advantage of both the NY State and Federal tax incentives.

    the Clipper Creek EVSE retails for USD 2,250 and the local electrician has agreed install a 100 amp breaker and run the necessary wiring to the garage for USD 1,200 so my out of pocket costs will total USD 3,450.00

    the NY State incentive is 50% of the total cost up to a certain amount but I believe my total cost is less than the allowed max for personal installations, giving me full use of the 50% refund.

    so I would be due a refund of $1725 from the State on NY

    The Federal government allows a 30% discount on the costs up the $1000 for personal use. 30% of $3,450 would be $1035 so I would be entitled to the full $1000 refund.

    I therefore calculate:

    Initial Cost: $3,450
    NY State refund: less $1,725
    Federal refund: less $1,000
    TOTAL COST: $$ 725

    Seems almost too good to be true. Can anyone comment? I feel like I am not understanding/missing something here.

    Thanks in advance for taking the time to reply.

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