pncguy
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2015 Tax Credit for EVSE?

Wed Nov 04, 2015 10:49 am

Does anyone know if the recent two year funding bill passed by congress extends the tax credit for installing EVSE? I know last year it got extended at the last minute, but I can't find any indication that this was even under consideration for this year.

wmcbrine
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Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 4:00 pm

I thought that was only a state credit?

pncguy
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Joined: Mon Sep 28, 2015 12:24 pm
Delivery Date: 23 Oct 2015
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Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 5:42 pm

There may well be state credits, but I'm talking about the "Alternative Refueling Tax Credit section of IRS Section 30(C) [which] extends the tax credits for EVSE (Electric Vehicle Supply Equipment) and [was] available through December 31, 2014. Individuals can deduct 30 percent of the cost of purchasing and installing an EVSE up to $1,000." This was from the BMW blog and was for last tax year. I am wondering if they passed an extension again for 2015.

Darrenf
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Joined: Tue Sep 15, 2015 7:20 pm
Delivery Date: 14 Sep 2015

Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 5:44 pm

I can't find anything about it so I would guess no.

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TomT
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Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 5:51 pm

As far as I know, it was allowed to expire...

pncguy wrote:Does anyone know if the recent two year funding bill passed by congress extends the tax credit for installing EVSE? I know last year it got extended at the last minute, but I can't find any indication that this was even under consideration for this year.
59,991 miles/12 bars/289 Gids/68.54 AHr/101% SOH/101.64% Hx 7May15 w/ new Lizard (barely made the warranty).
71,770 miles/12 bars/256 Gids/59.04 AHr/88% SOH/87.92% Hx 3Mar16 at lease return.

Now driving a 2017 Volt Premier. Model 3 reserved.

Dyefrog
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Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 7:50 pm

As wmcbrinestated, I believe it's only a state credit. Here in New York I believe its 50%.
2013 SV-Upstate New York
No QC
Bought used with 30,000 miles, 12 bars

Darrenf
Posts: 33
Joined: Tue Sep 15, 2015 7:20 pm
Delivery Date: 14 Sep 2015

Re: 2015 Tax Credit for EVSE?

Wed Nov 04, 2015 8:08 pm

Dyefrog wrote:As wmcbrinestated, I believe it's only a state credit. Here in New York I believe its 50%.



There was a federal credit that ended last year. That is what the OP was referring to.

pncguy
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Joined: Mon Sep 28, 2015 12:24 pm
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Re: 2015 Tax Credit for EVSE?

Thu Nov 05, 2015 1:26 pm

I just downloaded the text of the bill and searched for "electric" and "charge" and came up empty, so I am assuming there is nothing in the bill about the tax credit. :( Perhaps they'll get it in before the end of the year?

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lpickup
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Re: 2015 Tax Credit for EVSE?

Sat Apr 02, 2016 1:54 pm

Just to post some up to date information, the federal tax credit was renewed and is retroactive to 2015.

See: http://www.afdc.energy.gov/laws/10513

When you file your taxes, fill out Form 8911.

...Lance
...Lance

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jjeff
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Re: 2015 Tax Credit for EVSE?

Sat Apr 02, 2016 2:45 pm

lpickup wrote:Just to post some up to date information, the federal tax credit was renewed and is retroactive to 2015.

See: http://www.afdc.energy.gov/laws/10513

When you file your taxes, fill out Form 8911.

...Lance

Hey thanks Lance! Timely info considering I'm just working on my taxes.
So it looks like if one spent money on a EVSE and or installation costs to hook up the EVSE, you can deduct 30% of the costs. I'm assuming the 30% is deducted from your gross income so it's really 30%(or whatever tax bracket your in) of the 30% of your EVSE and install. For example if your EVSE and installation came to $1000 you'd be able to deduct $300 off your gross income which in my example would save you $90......a far cry from your $1000 install cost but still better than nothing. Note this is compared to the $7500 federal tax credit that some of you may have got if you purchased your Leaf. In that case assuming you paid over $7500 in taxes, you actually got back $7500 back from the IRS, thats nice :)
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