Tax Credit for Home Charger Installation in 2022?

[CoCoTes]

Are there any federal tax credit for installing a home charger in 2022? I saw an article saying the tax credit has been extended, but it didn't say if that applies to installations done this year or if starts next year. Does anyone have any thoughts on this?

 

[jcanoe]

Section 13404 of the Inflation Reduction Act of 2022 both extends and significantly changes the Alternative Fuel Vehicle Refueling Tax credit.

The amendments in Section 13404 take effect after Dec 31, 2022.

Starting in 2023, qualifying property will be limited to that placed in service within low-income or non-urban census tracts.

For residential property, the credit amount is continued at 30% of the cost with a maximum amount of
$1,000.

For business property, the credit amount decreases to 6% (from 30%) with a maximum amount of
$100,000 (previously $30,000). Business property meeting prevailing wage and registered apprenticeship
requirements may be eligible for a credit amount of 30% ($100,000 maximum).

https://crsreports.congress.gov/product/pdf/IN/IN12003

https://www.congress.gov/bill/117th-congress/house-bill/5376/text

 

[jcanoe]

New York State or your electric utility company may offer a rebate when you install a qualifying electric vehicle charging station at your home.

 

[jcanoe]

New York State - PSEG Long Island

• Public Service Enterprise Group (PSEG) Long Island offers a $400 rebate to residential customers who install a smart, Level 2 EV charging station between August 1, 2022, and December 31, 2022.
• Any eligible chargers purchased before August 1, 2022 qualify for a rebate of $500.
• Funds are awarded on a first-come, first-served basis and are limited to two rebates per year, per residential account. Additional terms and conditions apply. For more information, including how to apply, see the PSEG Long Island Smart Charger Rebate website.

Get a $400 rebate with the purchase of a Level 2 Smart Charger. It can take 10 to 12 hours to fully charge an electric vehicle with Level 1 charging, but you can charge your car three to four times faster by installing a 240-volt, Level 2 charger.

As of August 1, 2022, all eligible chargers purchased will receive a $400 rebate. Eligible chargers purchased before August 1st will receive the $500 rebate. All other Terms and Conditions still apply.

Smart Charger Rebate - PSEG Long Island

 

[CoCoTes]

Thanks for the info. Unfortunately Con Edison is my electric company. I don't think they offer any rebates for charger installation. They do have a program that offers discounts on electricity if you charge off hours.

 

[Nick Mazz]

New York State - PSEG Long Island

• Public Service Enterprise Group (PSEG) Long Island offers a $400 rebate to residential customers who install a smart, Level 2 EV charging station between August 1, 2022, and December 31, 2022.
• Any eligible chargers purchased before August 1, 2022 qualify for a rebate of $500.
• Funds are awarded on a first-come, first-served basis and are limited to two rebates per year, per residential account. Additional terms and conditions apply. For more information, including how to apply, see the PSEG Long Island Smart Charger Rebate website.

Get a $400 rebate with the purchase of a Level 2 Smart Charger. It can take 10 to 12 hours to fully charge an electric vehicle with Level 1 charging, but you can charge your car three to four times faster by installing a 240-volt, Level 2 charger.

As of August 1, 2022, all eligible chargers purchased will receive a $400 rebate. Eligible chargers purchased before August 1st will receive the $500 rebate. All other Terms and Conditions still apply.

Smart Charger Rebate - PSEG Long Island

Unfortunately PSEG doesn't give the rebate for a tesla charger. They don't send info to PSEG so it doesn't apply.